Positive predictions for contractors in Scotland from the Bank of England
cording to comments made in a recent speech by Charles Bean, the Bank of England’s Deputy Governor, there will be moderate growth and a strengthening eAcconomy later in 2012 – which will come as good news for contractors already working in Scotland, or considering taking up a contract there. In the speech, which was made in Glasgow to the Scottish Council for Development and Industry, he went on to say that ‘recent indicators of UK growth have been encouraging and inflation should continue to fall’ and that ‘growth should gradually strengthen’. Charles is Deputy Governor for Monetary Policy and also a member of the Bank’s Monetary Policy and Financial Stability Committees.
These comments came at the same time as the Bank of Scotland Report on Jobs reveals that non-permanent billings increased during January and that IT contractors ‘dominated a surge in contractor demand in Scotland’ during the month. These figures reversed a decline over the previous two months, with growth in billings rising at the fastest rate since August 2011.