Category: Economy

SMEs are a ‘legion of fundraisers’

Economy

Research by BusinessesForSale.com reveals that 72% of UK SMEs donate in some way to one or more “good causes”. Those surveyed raised an average of £3,436 each last year, with one small business raising £28,000 on its own. According to the survey, most SMEs supported multiple charities, mainly small...

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GDP growth weakest since 2013

Economy

The UK’s economy grew at its slowest annual pace since 2013 in the three months to June, according to revised official figures. GDP grew by 1.5% from a year earlier, the ONS said, down from an earlier estimate of 1.7%. However, the quarterly growth rate remained unchanged at 0.3%....

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IMF says wage growth may never recover

Economy

The IMF has said wage growth may never recover to its level before the financial crisis because the structure of the labour market has changed. The Fund said that higher levels of “involuntary part-time employment” were partly to blame. Click here for full article Click here for more articles 

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Inflation robbing savers of cash value

Economy

Continued low interest rates and rising inflation is leading to a real loss on cash of 20% since 2009, analysts at Royal London say. The asset manager’s Trevor Greetham believes it will only get worse but is a policy choice: “It is more business as usual,” he said. “This...

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