Business NEWS

BCC cuts UK growth forecasts, responds to Liam Fox comments

The British Chambers of Commerce (BCC) has lowered its growth forecast for UK GDP but said it expects the country to avoid a recession. In its first economic forecast since the EU referendum, … Continue reading “BCC cuts UK growth forecasts, responds to Liam Fox comments”


Government urged not to ‘backslide’ on National Living Wage

The UK government should stick to its policy on the ?National Living Wage? (NLW), a think-tank said on Wednesday. The Resolution Foundation warned that limiting planned increases to the hourly rate could leave … Continue reading “Government urged not to ‘backslide’ on National Living Wage”


Women ask for pay rises as often as men but have less success

New research dispels the theory that women get paid less than men because they are not sufficiently pushy in the workplace. The study Do Women Ask? found that women ask for pay increases … Continue reading “Women ask for pay rises as often as men but have less success”


UK service sector returns to growth

New data on the the UK?s services industry ? which accounts for nearly 80% of the economy ? suggests that the country will avoid a recession this year. The Markit/CIPS UK Services PMI … Continue reading “UK service sector returns to growth”


UK manufacturers report ‘solid rebound’ in August

Activity in the UK?s manufacturing sector rebounded in August, according to the latest Markit/CIPS purchasing managers? index (PMI), released on Thursday. The seasonally adjusted UK Manufacturing PMI stood at 53.3, recovering from the … Continue reading “UK manufacturers report ‘solid rebound’ in August”


Consumer confidence rebounds as Brexit shock subsides

Confidence among UK consumers increased by five points in August, with all five measures used to calculate the index score rising from July. Market research firm GfK reported on Wednesday that its long-running … Continue reading “Consumer confidence rebounds as Brexit shock subsides”


UK service sector sees slower growth, drop in optimism

Optimism in the UK’s dominant services sector declined in the three months to August, according to the latest quarterly report from the Confederation of British Industry (CBI) released on Tuesday. The Service Sector … Continue reading “UK service sector sees slower growth, drop in optimism”


UK retail sales recover in August

Retail sales rebounded in August, following a fall in July after the UK voted to leave the European Union. Figures released on Thursday by the Confederation of British Industry (CBI) show that retail … Continue reading “UK retail sales recover in August”


ONS says construction output down 0.9% in June

UK construction output declined in June but there is ?little anecdotal evidence? to suggest that the EU referendum has had an impact, the Office for National Statistics said on Friday. New figures show … Continue reading “ONS says construction output down 0.9% in June”


UK retail sales rose in July

New figures show a rebound in UK retail spending in July. The latest BRC-KPMG Retail Sales Monitor, released on Tuesday, shows that total retail sales increased by 1.9% compared with the same month … Continue reading “UK retail sales rose in July”


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