The economy

Business groups increase economic growth predictions

The UK economy will grow by 3.1% in 2014 and 2.7% in 2015, according to the British Chambers of Commerce.

Service sector optimism increases

Businesses in the service sector want to take on more staff as optimism rises, according to research from the Confederation of British Industry.

Two million homeowners plan to downsize

Up to 2.3 million homeowners aged 55 and over expect to sell their homes to raise finance, research from Prudential has shown.

Scottish retail sales rise 1.9%

Scottish retail sales rose 1.9% in the year to April 2014, according to research from the Scottish Retail Consortium.

Retail sales growth at 10-year high

UK retail sales experienced the highest annual growth in a decade as sales rose 6.9% in April 2014 year-on-year, according to figures from the Office for National Statistics.

Consumer confidence continues to improve

Consumer confidence has reached a record high as the pressure on household wallets continues to ease, according to new research.

Growth and interest rate rises forecast for 2015

The economy will grow 3% in 2014, up from a previous forecast of 2.6%, according to the Confederation of British Industry.

Scottish oil and gas looks to international market

Scottish oil and gas firms are predicted to win contracts worth £100 million over the next 3 years after attending the world’s largest oil and gas conference in Houston, USA, according to Scottish Enterprise.

Half a million jobs predicted over next year

Nearly half a million jobs could be created over the next year, according to research from the Institute of Chartered Accountants in England and Wales.

Self-employment up despite lower earnings

The average self-employed worker earns 40% less than the average employee, according to a study by independent think tank Resolution Foundation.

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