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UK economy grows at fastest pace since November 2013, job creation steepest since August 2017 : CIPS and IHS Markit survey
Picture: Colin Mearns THE UK private-sector economy has in April recorded its fastest monthly growth since November 2013 amid an easing of coronavirus-related restrictions and job creation has been strong, writes Ian McConnell. The latest survey of activity from the Chartered Institute of Procurement and Supply and IHS Markit, published yesterday, also shows services growth is this month outstripping manufacturing expansion for the first time since the pandemic began, Noting the improvement in the services sector’s performance, CIPS and IHS Markit said: “This was largely due to a boost from easing government stringency measures regarding some consumer services and non-essential retail in England and Wales from mid-April, with Scotland and Northern Ireland set to follow similar reopening paths by the end of this month.”
UK Private Sector Growth Accelerates In April
LONDON (dpa-AFX) - The UK private sector posted a strong revival in April after the downturn seen at the start of the year amid the full nationwide lockdown, flash survey data from IHS Markit showed on Friday.
The flash Chartered Institute of Procurement & Supply composite output index advanced more-than-expected to 60.0 in April from 56.4 in the previous month. The expected reading was 58.2.
The latest reading signaled the strongest overall increase in UK private sector output since November 2013.
Business activity should continue to grow strongly in May and June as virus restrictions are eased further, setting the scene for a bumper second quarter for the economy, Chris Williamson, chief business economist at IHS Markit, said.
Spend Matters and CIPS
Offense and defense aren’t just terms relevant to sports. Business organizations are also looking for strong offense and defense in their supply chains, according to Gary S. Lynch, the CEO and Founder of The Risk Project.
Although this type of offense and defense is related to cost and value rather than a baseball situation, like the number of runners on base. This shift in mindset is one example of the ways organizations have placed a higher priority on supply chain risk management in the last year or so, Lynch said.
Last week, Lynch was a guest on Spend Friends, a monthly video podcast hosted by Bill Michels, the VP of Operations Americas at the Chartered Institute of Procurement and Supply (CIPS) USA, and Pierre Mitchell, Spend Matters’ Chief Research Officer. Its goal is to focus on all procurement matters under the sun, like spend management, supply chains and other topics.
Greensill: Ex-Civil Service boss baffled by business links
By Sinead Wilson
image copyrightPA Media
A former head of the Civil Service has said he is baffled that approval was given for a top civil servant to take a job at Greensill Capital while still on the government payroll.
Lord Kerslake said he could see no circumstances under which Bill Crothers s appointment at the finance firm could have been acceptable .
The government has ordered a review which will look into his role.
Labour said the dual working was evidence of a return to sleaze .
Lord Kerslake, who ran the Civil Service under David Cameron s government and has advised the Labour Party, is the latest high-profile figure to express concern about the relationship between political figures and the now collapsed finance firm.