Category: Brexit

Brexit hits trade with the EU

Brexit

New data suggest Brexit is depressing UK trade with the EU, with imports and exports in the first four months of the year down by a quarter compared to 2019. The Office for National Statistics figures show trade with the EU in April was down 12% on that recorded...

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Almost 6 in 10 SMEs fear Brexit impact

Brexit

A new survey by fintech business bank Amaiz shows that 57% of UK SME’s believe that Brexit will have some negative impact on their business, with just under 7% concerned it will destroy their business. Despite this, only 17% of smaller and medium sized firms said they are not...

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Firms lack Brexit plans

Brexit

A study from BDO shows that almost two in five medium-size businesses have no plan for Brexit or have delayed their preparations as a result of the coronavirus outbreak. More than a quarter of 500 business leaders surveyed said adapting their plans for Brexit is their most immediate concern....

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Data protection and a No-deal Brexit

Brexit

The ICO has released guidance to help small to medium-sized UK businesses and organisations keep personal data flowing with Europe (the EEA) after Brexit. If we leave the EU without a deal, most of the data protection rules affecting SMEs and organisations will stay the same. The UK is...

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SMEs voice Brexit concerns

Brexit

Ian Rand, chief executive of Barclays Business Banking, has revealed the concerns he most often hears from small business owners in regard to Brexit. These include worries about staff levels once the UK exits the EU, the finance options available to SMEs to see them through any turbulence, the...

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Business split on brain drain threat

Brexit

A survey by tech giant Salesforce has found nearly 60% of British businesses are concerned about access to digital talent after Brexit. Some 64% of business leaders said investing in digital skills will become a higher priority post-Brexit, while 65% said a shortage of skilled workers will make technology...

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UK banking system resilient to no-deal Brexit

Brexit

The Bank of England’s latest Financial Stability Report maintains that the UK banking system remains resilient to the financial impact of a worst-case disorderly Brexit. The Bank warned that the “perceived likelihood” of a no-deal Brexit had increased since Theresa May’s resignation, which would bring with it “material risks...

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Mortgage lending hits three-year high

Brexit

Mortgage lending rose to its highest level since the Brexit vote last month, as families shrugged off economic uncertainty. Figures from UK Finance show a total of 49,683 mortgages were agreed in May, up 9.1% on a year earlier, and the highest level since June 2016. Overall, £14bn was...

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CFOs more worried than ever about Brexit

Brexit

A survey by Deloitte finds that finance bosses are the most worried they have been about Brexit since the 2016 referendum. Its latest quarterly survey of CFOs found only 13% are more optimistic than three months ago while eight out of 10 are expecting the long-term environment to be...

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House prices fall in March

Property, Economy, Brexit

The latest Halifax House Price index shows that the average property value fell by 1.6% in March. This follows a 5.9% month-on-month increase reported in February. Quarterly figures show a rise of 1.6% over the first three months of the year. Annually, the data shows an increase in the...

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