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Commercial mortgages set to rise
Reported on Mon, 09 Jan 2006
Small business are set to take off over the next 12 months, with the latest predictions showing that consumers will start spending again after a slow 2005.
The news comes as the housing market across the UK continues to stabilise and worldwide oil prices cool, a new report claims.
BDO Stoy Hayward, the accountancy firm responsible for the Business Trends Report, predicts that gross domestic product in the UK will rise by two per cent in the first quarter and a further three per cent in the second quarter of 2006.
Douglas McWilliams, chief executive at the Centre for Economics and Business Research, told the BBC that this should put a smile on "the face of retailers" as it suggests "stronger economic growth in 2006".
This spells good news for budding entrepreneurs looking to take out a commercial mortgage and start a business, as it means British consumers will return to the marketplace and spend their money. 