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LONDON, ENGLAND, July 17, 2014 /24-7PressRelease/ -- The media is littered with reports that the UK is finally escaping the recession; consumers and businesses are starting to look optimistically towards the future. However, an improved economy means a constant threat of interest rates rising for the first time in 5 years, so what does this brighter economy really mean for the UK?
The ICAEW Grant Thornton Business confidence monitor survey of Quarter 2 revealed the UK, on the most part, has seen a significant improvement in the economy. The North of England has seen the smallest rise, whilst the Midlands has seen a good increase over the past few years. Birmingham especially has worked to establish its reputation as a business centric city. However the survey found that London and the South East has seen the biggest improvement, contributing more to the economic recovery than any other regions.
London is reported to have contributed to one third of the UK's growth and with the highest predicted rate of the UK of 15.4% over the next 5 years, the future's looking good for both small and large businesses in the capital.
The South East also warranted some pleasing results, being the second fasted region for growth over the entire UK. This success is thought to be due to the regions advances in business services and the technology centres. The results for the region are great news for the next generation of entrepreneurs and business minds, providing them with the chance of a promising future in a swiftly expanding sector.
Ventas Central, an outsourced sales and marketing firm based in London welcome the news of London's impressive growth rates. Small businesses like Ventas have contributed significantly to the economic recovery, making up two thirds of the private sector workforce. The current economic recovery promising an exciting future for London's SME's, a more stable economy means consumers' confidence and spending will increase, bringing with it a healthy return for small businesses. For Ventas Central, a stronger economy should encourage the establishment of more small businesses, which means the possibility of opening up a completely new client base for the firm. This potential increase in small businesses over the coming years also promises an exciting and vibrant business community across the capital, which is sure to change the cultural and social outlook of the city.
Josh Peace, Managing Director of Ventas Central agrees that it's a very exciting time for the firm; thanks to the revived economy the firm are being faced with strong opportunities to expand their client reach throughout London and the South East and work with some fantastic new clients.
Ventas Central is a London-based outsourced sales and marketing firm, they specialise in direct marketing.
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