According to new research, the UK economy could lose £195 million per day in wages because employees are spending an average of 1 hour 24 minutes every day being unproductive. Continue reading
Category Archives: Economy
Top tips to ensure your business is prepared for Brexit
The UK is currently scheduled to leave the European Union (EU) on 31 October 2019. However, it is still unclear whether that will be with or without a deal. Continue reading
Weakness in business investment reflects Brexit uncertainty, says accountancy chief
Business investment has “dampened” as entrepreneurs are left in the dark over Brexit, a new analysis has revealed. Continue reading
Drunk people in the workplace cost UK economy £1.4 billion a year
New research has revealed that as many as 89,000 people are turning up to work hungover or under the influence of alcohol every day, costing the economy around £1.4 billion a year. Continue reading
ICAEW gives UK economy the green light
The UK economy has weathered the worst of the Brexit financial fallout and should be able to continue without “too much damage”, experts have said. Continue reading
Latest trading figures “demonstrate the growing appetite for British produce outside of the EU”
The demand for UK goods and services “is growing across the globe”, a new study has revealed. Continue reading
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