Thursday 12 April 2012

Unique Client Solutions Encouraged as UK Retail Sales Aid UK Economic Recovery.


Retail sales in the UK have had a welcome boost thanks to the unseasonably warm weather that the country experienced in March. Unique Client Solutions looks at the general recovery of the UK economy.

Like-for-like sales of the same period in 2011 saw an increase of 1.9 per cent according to the British Retail Consortium. They also released figures which showed that online, mail order and phone sales had increased by 13.9 per cent from a year ago, the best that have been seen since over the Christmas period in December 2011. However, Unique Client Solutions warns that though the figures are certainly encouraging, they are being compared to an “exceptionally weak” March 2011.

Unique Client Solutions was more encouraged by the news that the Organisation for Economic Co-operation and Development (OECD) had announced that they believed that both the UK and other areas of Europe had reached a turning point in their recovery. The economists have said that both Britain and Germany are showing “signs of positive change in momentum.”

A spokesperson for the Sheffield customer acquisitions company said that both of these pieces of news suggest that the economic recovery of the UK is heading in the right direction. “Although there was the suggestion last month that we might head back into recession we were relieved to hear that it appears the UK has narrowly avoided it. To hear just a month later that we are finally turning the corner is very encouraging.”

Retail sales are normally a good indicator of recovery in the country. The fact that Easter was early this year would inevitably have aided the figures.

Unique Client Solutions is hopeful that recovery will also help the unemployment figures in the UK as well as small businesses. “The people that we have seen hardest hit are young job seekers and small local businesses. We’re reported several times that youth unemployment figures have been reaching record highs and that is incredibly discouraging for young people who are trying to get a foot onto the career ladder."

Government incentives to encourage businesses to take on younger people were launched last month and Unique Client Solutions are hopeful that this too will help to rectify the situation.