British Chamber of Commerce ups its GDP forecast for the UK
According to the latest forecast from the British Chamber of Commerce (BCC), the UK’s GDP is set to go up by 0.3 per cent for 2015 thanks to an increase in activity in the services sector and a growth in consumer spending.Continue reading
Problem debt could be holding back economic recovery, says new report
The number of households struggling with problem debt grew by a quarter in two years, as stagnating wages forced a growing number to borrow money.Continue reading
Employers’ fears over new living wage has a major impact on UK labour market
A new survey by Manpower – the staffing and recruitment firm – has shown that more firms are changing their recruitment plans in order to avoid the new £7.20 minimum wage rate for employees aged over 25.Continue reading
Poor summer weather produces mixed results for UK businesses
The recent weather has been responsible for the wettest end to any summer for the last 50 years in parts of the country, according to the Met Office, which has produced mixed financial results for British businesses.Continue reading
SMEs feel good about their future prospects
A new study seems to confirm there is an increasing sense of optimism among the UK’s small and medium-sized enterprises.Continue reading
Support grows for high business rate charges to be scrapped for shops with ATMs
The ATM industry is asking the UK Government to reverse its policy on applying business rate valuations to ATM machines that are built into the front of shops, especially in rural locations where they often provide the only way for people to access cash.Continue reading
Sun shines on UK economy, but China poses a risk
UK growth picked up pace in the three months to August but the economy faces risks from the knock-on effect of turbulence in China, one of the UK’s leading independent employers’ organisations has said.Continue reading
More people aged over 65 look to riskier P2P investments
A recent survey has shown that approximately 700,000 pensioners are considering investing in peer-to-peer (P2P) lending, even though there is a greater level of financial risk involved.Continue reading
MP accused of u-turn over approach to business
Labour leadership candidate Andy Burnham has been accused of backpedalling over policies to make his party more “business-friendly”.Continue reading
Predictions indicate that UK interest rates will be held until autumn 2016
Following the recent events with the global stock market chaos, and fears that China’s economy is faltering, more experts believe that the record low cost of UK borrowing will continue for longer than expected.Continue reading
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