Business NEWS

UK industrial output declines while trade deficit widens

Industrial production in the UK fell by 0.4% between July and August, the Office for National Statistics (ONS) said on Friday. Its latest report – the second based on data after EU referendum … Continue reading “UK industrial output declines while trade deficit widens”


Business leaders object to proposed crackdown on foreign workers

Business groups reacted angrily this week to reports of a crackdown on foreign workers in the UK. Home Secretary Amber Rudd told the Conservative Party conference that a tightening of immigration rules would … Continue reading “Business leaders object to proposed crackdown on foreign workers”


UK construction sector returns to growth

Construction firms across the UK saw an upturn in business activity last month, according to figures released on Tuesday. The Markit/CIPS survey of purchasing managers in the construction industry showed that business activity … Continue reading “UK construction sector returns to growth”


UK business groups give cautious welcome to Chancellor’s speech

Business groups have welcomed signs that the UK Government will take a more flexible approach to fiscal policy. Chancellor Philip Hammond told the Conservative Party conference on Monday that he will prioritise spending … Continue reading “UK business groups give cautious welcome to Chancellor’s speech”


UK house prices rising more slowly

Annual house price growth in the UK slowed down in September, according to the latest figures from mortgage lender Nationwide. Across England, Scotland, Wales and Northern Ireland house prices rose by 5.3% year-on-year, … Continue reading “UK house prices rising more slowly”


Competition authority to look at price comparison sites

The UK’s competition watchdog has launched a market study into price comparison websites to investigate how they generate a profit and whether the arrangements they make with suppliers might restrict competition. The review, … Continue reading “Competition authority to look at price comparison sites”


The UK government intends to develop an industrial strategy that is tailored to individual regions.

Business secretary Greg Clark told business leaders at the annual Institute of Directors convention in London on Tuesday that successful industrial strategies are “rooted in the local” and recognise that every region is … Continue reading “The UK government intends to develop an industrial strategy that is tailored to individual regions.”


Optimism falling in UK financial sector

Sentiment in the UK’s financial services sector is continuing to fall as firms face the challenges of the country leaving the European Union, it was reported on Monday. More than half of all … Continue reading “Optimism falling in UK financial sector”


Co-op Group profit falls after investment, pay rises and price cuts

Profit has fallen at the Co-op Group as it continues to invest in a three-year turnaround of the business. The Co-op reported on Friday that its profit before tax for the first six … Continue reading “Co-op Group profit falls after investment, pay rises and price cuts”


Brexit vote has had ‘no major effect’ on UK economy

The UK’s vote to leave the European Union has had little impact on the country’s economy so far, according to a new assessment by the Office for National Statistics (ONS). Some surveys carried … Continue reading “Brexit vote has had ‘no major effect’ on UK economy”


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