George Osborne announced in his recent budget that the OBR increased its forecast for growth from 2.4% in the autumn last year to 2.7% this month, the biggest increase between budgets for 30 years with growth forecast to be higher than pre-recession levels.
Business owners work passionately and relentlessly at building their organisations. At some stage, an exit will be a consideration, whether that be for retirement, to move onto pastures new, or to handover the company to a larger organisation with the capacity to further grow the business.
The economy is finally recovering with GDP increasing by 0.8 per cent in 2013 Q3. This suggests for the first time in five years that growth will go over two per cent, enabling the Treasury to secure much needed tax revenues. Despite this, growth is still slower than what we historically enjoyed and we remain with a debt hangover with both the Banks and the Government. This is a perfect environment for M&A to return with a vengeance.