Autumn Statement 2013
The Chancellor George Osborne has confirmed that the UK economy is growing at a faster pace than had previously been expected and that there was no double dip recession.
The Office for Budget Responsibility has estimated that the country’s GDP will expand by 1.4% in 2013, and 2.4% by the end of next year which is great news for investors.
The revision is the biggest since The Treasury started recording this data back in 1997 and shows that the UK economy is on track and the recovery is gaining traction as we go into 2014.
Although current holders of UK equities OCM Asset Management remain vigilant of external issues (most notable within the Eurozone and Northern America) that could poor water on these encouraging figures, but as low interest rates and loose monetary policies look set to continue we are bullish that 2014 will be a good year for equity investors.