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Par   •  1 Avril 2013  •  209 Mots (1 Pages)  •  1 138 Vues

The surveys will fuel the view that the Bank of England will extend its asset purchases once the current 50 billion pound round is completed in November. Moreover Britain's economy has not fully recovered the output lost during the 2008-2009 financial crisis and slipped back into recession in late 2011. The government's austerity drive and the euro zone debt crisis have been sapping demand.

Howeover few economists are optimist thanks to the sales of tickets for the London Olympics and Paralympics giving an extra one-off boost. The median forecast in a recent Reuters poll was for quarterly growth of 0.6 percent.

But some worried about the fragility of the economy and costs kept rising at a marked pace while most companies were unable to increase their own prices, keeping pressure on profit margins. That's why many companies took a cautious approach to staffing and chose not to replace leaving employees, leading to the first monthly dip in service sector employment since November 2011.

To conclude, the recent rise in employment has been one of the few bright spots in Britain, and a renewed rise in joblessness would come as a blow to the government, under attack over its plan to cut the budget deficit with higher taxes and lower spending.

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