Category: Economy

Wages beaten down by inflation

Economy

The ONS has revealed that wages fell in real terms by 0.4% in the year to April 2017, the first drop in three years. Although wages rose by 2.2% in the year, inflation grew by more, eroding any gains. However, it was not the case for everyone, with the...

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Budget deficit for September falls

Economy

Britain saw its smallest budget deficit for any September in the last 10 years, according to ONS figures. Last month’s deficit stood at £5.902bn, down almost 11% compared with the same month last year, and well below the £6.5bn forecast by economists. The deficit for August was also revised...

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Industry predicts November rate rise as inflation hits 3%

Economy

Consumer price index (CPI) Inflation rose to 3.0% in September, increasing from 2.7%, according to ONS data released on the 17th of October. CPIH Inflation also rose to 2.8%, this term measures not only consumer price inflation but it included owner-occupiers and housing costs. This is the primary measurement...

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Confidence rises amongst SMEs

Economy

Latest research from Hitachi Capital Business Finance reveals confidence levels among small businesses have bounced back, following a dip during the General Election. However, the proportion of businesses making investments to help their business grow has dropped. In Q3 this year, 39% of SMEs anticipated either significant or modest...

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Firms facing business rates rise of £1bn

Economy

British businesses could face an extra £1bn tax bill next year unless the government freezes business rates, experts have warned. ONS figures released yesterday showed that Retail Price Inflation, used to set new business rates values, was 3.9% in September. The British Retail Consortium and other firms said this...

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Entrepreneurs can prove capitalism works

Investment, Economy

The Economist argues that the Conservatives should focus on entrepreneurship as a positive aspect of capitalism. It says Britain is a world leader in fintech and artificial intelligence, but the government is not doing enough to highlight this success. Click here for full article Click here for related articles

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UK could lose spot as leading data market

Economy

A report from the UK Digital Catapult innovation group has warned that Brexit could cost the country its position as the leading data market in Europe. The report suggests the UK economy could miss out on as much as €67bn annually over data market access.   Click here for...

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Business lending at risk after Brexit, BoE warns

Funding, Economy

Bank of England officials have expressed concern that European banks are underestimating the risks from Brexit of a disruption which could threaten as much as 10% of lending to British companies. European banks are not “sufficiently focused” on the risks to their British operations, the minutes from the Bank’s...

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