BDO’s research shows Europe as a whole seeing sustained growth, with Germany leading the way, but still behind the UK, which will continue to outperform the eurozone for the next few months.
‘The momentum in the UK economy is building. Concerns about a downturn have been moved away and people are confident,’ said Chris Grove, corporate finance partner at BDO.
And another BDO report which predicts business failures, backs up these claims by reporting a decrease in the number of companies collapsing last year, especially in the technology sector.
‘It’s a raft of factors coming together to make a mini boom,’ said Grove.
‘Businesses are spending on stock, marketing and product development, moving from a lean and mean management style to the purse strings being loosened a little.’
Grove said: ‘A few months ago reports were unsure whether the growth was sustainable in the short term, but business confidence is now being shown in increased orders and, in turn, by investment in infrastructure, although there remains a degree of reluctance to invest in people.’
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016