The demand for UK goods and services “is growing across the globe”, a new study has revealed. Continue reading
Category Archives: Economy
BCC “downgrades” UK economic growth in response to Brexit uncertainty
The British Chambers of Commerce (BCC) has this month downgraded its growth expectations for the UK economy in response to “continued Brexit uncertainty”. Continue reading
Barclays announce £14 billion fund to support UK businesses
Barclays bank have announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU). Continue reading
BoE holds interest rates as businesses cut back on investment ahead of Brexit
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has unanimously voted to maintain the UK interest rate at 0.75 per cent amid uncertainty about the potential nature and timing of the UK’s withdrawal from the European Union. Continue reading
Government announces consultation for plans to make HMRC a preferential creditor after insolvency
The Government has announced details of the first public consultation on its plans to make HM Revenue & Customs (HMRC) a secondary preferential creditor for certain tax debts which are paid by employees and customers after the insolvency of a business. Continue reading
MP’s calling for more to be done to help the high street
MP’s are backing calls for changes to the current tax regime in a bid to halt the current decline in UK high streets and town centres and allow them to flourish in the future. Continue reading
Could corporation tax cuts lose the UK £6.2 billion a year?
Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year. Continue reading
Employment and overall wages hit record highs
In November, Britain saw the largest raise in overall real wages since September 2016, rising the spending power of the average British worker to the highest it has been in two years. Continue reading
High Street sales continue to fall in December as retailers faced worst sales on record
For the sixth year in a row, sales have fallen on Britain’s high streets in December. Continue reading
Uncertainty stalling UK economic growth, warns BCC report
UK growth is stagnating as a result of heightened Brexit uncertainty and other economic pressures, the British Chambers of Commerce (BCC) has warned. Continue reading