Aldermore comments on UK Gross Domestic Product figures

POSTED: 24th October 2014
IN: Newsroom

Commenting on today’s UK Gross Domestic Product figures, Mark Stephens, Deputy CEO and Group Commercial Director at Aldermore Bank said:

“UK SMEs are a vital contributor to boosting GDP and they remain in robust shape as a strong Sterling is driving a more prosperous market. With many global economies in a state of volatility and the UK’s recovery remaining fragile, confidence amongst SMEs is steady and our latest survey shows that cost-inflation amongst SMEs is at its lowest since 2009, further helping small businesses to continue their recovery.

“Whilst today’s figures show a slowdown in GDP growth in the last quarter the outlook for the UK economy is still positive, with growth across key sectors such as manufacturing, construction and financial services continuing. There has been a number of significant political and economic events in the last quarter that will have temporarily impacted our steady climb towards recovery, but our view remains positive for the UK’s long-term recovery.”


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Notes to Editors:

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