Cost.co.uk Responds to Fears of a Triple Dip Recession

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The United Kingdom could be heading for a triple dip recession after a survey showed business confidence is at a 21 year low.

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A triple dip recession is a worrying thought

A survey carried out by The BDO Optimism Index has found that business confidence has fallen to its lowest level in 21 years. The index predicts economic activity during the year with a perfect number of 95.0 – the figure that indicates economic growth. Yet this was just 88.9 in January, the eighth month in a row it has been under the ideal level indicating a lack of economic growth and a recession.

The survey looks at UK influential businesses like banks and payment organisations and incorporates over 5 million predictions. Cost.co.uk provides the best comparisons for a wide range of sectors including insurance, finance and travel and aims to get the best prices and deals for consumers. This is of course even more important in recession hit times as BDO’s Peter Hemington explained, ‘in spite of a strengthening Labour Market, business confidence continues to weaken, and improved hiring intentions are not translating into growth plans. It seems the damaging effects on businesses of five years’ zigzagging economic growth, has left them wary of making concrete plans for expansion and resigned to the new normal economic stagnation.’

Cost.co.uk places huge importance on money saving, as a representative added, ‘A triple dip recession is a worrying thought, especially after so many prosperous events over the summer such as the Olympics and Golden Jubilee, in response Cost.co.uk will do their utmost to bring the best possible deals to consumers throughout the UK.’

Cost.co.uk continues to raise consumer based concerns.

Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customer’s access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.

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Ben Austiin
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