The FPB has welcomed today's (Friday) Q3 GDP figures showing a growth figure of 0.8% which follows the positive figures of last quarter, but warns of increasing costs to business.

CEO at the Forum, Phil Orford MBE said, “A steady recovery continues with a second consecutive quarter of good growth. Even growth across sectors indicates a stable recovery and we hope to see those figures continue to rise over the next four quarters.”

“Businesses, like consumers, are facing a lot of upward cost pressures at the moment. When looking at how to dampen energy price rises and other cost pressures for households, the government shouldn’t ignore that businesses are facing similar challenges. Political efforts to positively impact on the cost of living should not be funded through increasing the costs of doing business.”