Norwich City Council have today (28 May 2015) published their latest economic barometer:
- The report highlights that UK borrowing fell to £7.4bn in March 2015, which takes the total for the financial year to £87.3bn. This is £11.1bn lower than last year’s total. UK inflation turned negative in April for the first time one record when it fell to -0.1% and GDP increased by 0.3% in the first quarter.
- According to a survey by the property group LSL plc, the cost of renting a home rose by 4.6% in the year to the end of April, which is the fastest increase since November 2010. The average rent stands at £774 in England and Wales.
- Construction leaders in East Anglia have said that home building and major infrastructure projects are back underway post-recession and they expect the sector to grow again this year – subject to resources and recruitment meeting the demand.
- Proxama, a Norwich technology firm have recently announced that they are looking for a new head, as the founder and Chief Executive, Neil Garner is stepping aside to concentrate on developing new products for the business. Accountancy firm Ashton Shaw continued its expansion strategy by acquiring its Norwich-based competitor, Roger Hopkins.
- The University of East Anglia retained its Top 20 position in the prestigious Complete University Guide 2016 and is ranked 16th.
