🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

BoE's Broadbent says sees signs business investment picking up

Published 15/04/2014, 07:59

LONDON (Reuters) - Bank of England policymaker Ben Broadbent said on Tuesday he is seeing signs that British businesses are investing more as the economy recovers.

In an interview with BBC Radio Lancashire, Broadbent said there were signs of growth in "pretty much every sector", with car sellers, construction companies among those leading the way.

"(Businesses) are prepared to make the investment decisions that they wouldn't have done two or three years ago when they were worried about whether growth was going to return, what was going to happen in the euro zone and so forth," said Broadbent, who will become a deputy governor of the central bank in July.

Consumer spending and an upturn in the housing market have been the main drivers of Britain's recent economic revival, and the Bank of England has said a pick-up in exports and business investment are necessary to make the recovery sustainable.

(Reporting by Andy Bruce, Editing by Belinda Goldsmith)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.