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Sancho Panza

Financial Firms To Lead £200Bn Spending Spree In The Uk

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City AM 31/3/14

'FINANCIAL services firms are planning to splash out on staff and offices this summer, leading the way in an investment boom that will see the UK’s biggest businesses spend £200bn by the end of next year, according to two reports. Research released this morning by Deloitte estimates that UK firms with sales of more than £1bn plan to spend £200bn by the end of 2015. Sixty-five per cent say their main focus for next year is investment, after returning cash to investors for the rest of 2014.

The latest survey of financial services companies by the Confederation of British Industry (CBI) and PwC also suggests firms are ready to spend again, with financial services particularly buoyant. The sector’s training costs are rising at the fastest rate in a decade, while banks are particularly positive about the next quarter, with the biggest rise in those planning to spend on land and buildings for the past seven years.

“A well-balanced recovery requires a significant rise in corporate investment and a shift away from consumer-led growth. This investment is much needed and with the OBR [Office for Budget Responsibility] also forecasting a 50 per cent increase in capital spending over the next five years, all the signs are that it is on its way,” said Deloitte’s UK chief executive David Sproul.

Entrepreneurs also seem to be benefitting from the more upbeat business outlook. A report from the Business Growth Fund and Barclays, also out this morning, says the number of middle-sized high-growth outfits is rising rapidly. In the last 12 months there was a 30 per cent surge in the number of firms with revenues of between £2.5m and £100m that have increased turnover by more than a third in three years.'

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snip

Entrepreneurs also seem to be benefitting from the more upbeat business outlook. A report from the Business Growth Fund and Barclays, also out this morning, says the number of middle-sized high-growth outfits is rising rapidly. In the last 12 months there was a 30 per cent surge in the number of firms with revenues of between £2.5m and £100m that have increased turnover by more than a third in three years.'

meaningless statistical babble.

If it really was good news, then there would have been some definition in the numbers...a 30 percent surge could be 1 firm or 10 firms or 1000 firms.

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meaningless statistical babble.

If it really was good news, then there would have been some definition in the numbers...a 30 percent surge could be 1 firm or 10 firms or 1000 firms.

Fills column inches. It's not the property special today so they're probably looking for stories, made up or not.

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March of the Banksters accompanied by the usual City AM PR claptrap about London needing more infrastructure investment.

Just what UK doesn't need.

London now is just a circular jerk fest.

Edit: I notice City Am editor Heath is off to the Torygraph.

Edited by R K

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Edit: I notice City Am editor Heath is off to the Torygraph.

Good. At least I'd need a subscription then to read his rubbish. Quite funny that people are actually paying for Barclay Brothers/Corporation of London propaganda. Not even Joseph Goebbels charged for propaganda.

Edited by aSecureTenant

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'FINANCIAL services firms are planning to splash out on staff and offices this summer, leading the way in an investment boom that will see the UK’s biggest businesses spend £200bn by the end of next year, according to two reports. Research released this morning by Deloitte estimates that UK firms with sales of more than £1bn plan to spend £200bn by the end of 2015. Sixty-five per cent say their main focus for next year is investment, after returning cash to investors for the rest of 2014.

So does returning cash to investors also mean returning bailout money to taxpayers.

If things are going so well for the economy along with London's gargantuan house price super bubble that does suggest the question then why aren't interest rates rising - unless the UK economy isn't actually doing that well after all.

(red for risky)

Edited by billybong

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So does returning cash to investors also mean returning bailout money to taxpayers.

If things are going so well for the economy along with London's gargantuan house price super bubble that does suggest the question then why aren't interest rates rising - unless the UK economy isn't actually doing that well after all.

(red for risky)

It begs the question as to why we have ever had high interest rates, including the truly horrendous interest payments I was making during the Thatcha reign of terror. Back then we were told, high interest rates were the nasty medicine required to fix the economy.

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It begs the question as to why we have ever had high interest rates, including the truly horrendous interest payments I was making during the Thatcha reign of terror. Back then we were told, high interest rates were the nasty medicine required to fix the economy.

Maybe we're in palliative care now. No point in the nasty medicine, just some morphine...

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March of the Banksters accompanied by the usual City AM PR claptrap about London needing more infrastructure investment.

Just what UK doesn't need.

London now is just a circular jerk fest.

Edit: I notice City Am editor Heath is off to the Torygraph.

Fourth runway at Heathrow?

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It begs the question as to why we have ever had high interest rates, including the truly horrendous interest payments I was making during the Thatcha reign of terror. Back then we were told, high interest rates were the nasty medicine required to fix the economy.

That's a good question as well. I suspect that both answers are more to do with geopolitics rather than Thatcher.

Edited by billybong

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