UK economy forecast: sustained growth for the rest of the year

British economy is set for further sustained growth for the rest of 2013, forecasters at the Centre for Economics and Business Research (CEBR) have just revealed, while GDP is also expected to grow by 1% over the course of 2013, compared to the initial 0.7% estimate from April.

According to a media source, the report revealed that the levels of confidence in the British economy are literally sky-rocketing, reaching its highest levels since 2010.

It is also estimated that the economy will record a further major boost caused by the arrival of the royal baby Prince George, set to cause a surge in spending from local and foreign consumers alike.

Additionally, end-consumers seem to have some good prospects as well, since pay growth in the private sector has picked up in recent months, bolstered by the record increase in the tax-free personal allowance in April.

In order to enable long-term, sustainable growth, any company should consider re-investing some of its profits into one of its most precious asset: its employees.

Employees who receive periodical training, are thoroughly managed and whose activity is frequently reviewed are likely to deliver a much higher level of efficiency. However, implementing such micro-management schemes can stretch HR departments’ available resources.

This is exactly where Tensor plc can help, since we offer a complete range of solutions designed to help companies implement extensive employee management schemes without going overboard in terms of budget.

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