Economy NEWS

Know the 5 Reasons Behind the UK High Street Crisis and Avoid them

Our high streets are still in crisis with retailers struggling with monster problems such as rising overheads, a shift to online shopping and slimmer profits. Many brands have been closing stores in a … Continue reading “Know the 5 Reasons Behind the UK High Street Crisis and Avoid them”


UK house prices rise at slowest rate in five years

House prices rose at their slowest annual rate for five years this month, according to figures from Nationwide reported by Reuters. The mortgage lender said the slowdown was linked to relatively low economic … Continue reading “UK house prices rise at slowest rate in five years”


Brexit bill underestimated by £10bn plus, says Committee

A parliamentary committee has said that the government has underestimated the payment to be made to the European Union following Brexit by at least £10bn, according to Reuters. Negotiations between the UK and … Continue reading “Brexit bill underestimated by £10bn plus, says Committee”


The Future of Agro-industry in Latin America

International Trade expert Leonardo Gonzalez Dellan calls for a new culture of enterprise in the Latin American Agro-industry sector. “The U.N. Food and Agriculture Organization estimates that a 50 percent jump in global … Continue reading “The Future of Agro-industry in Latin America”


Visa says broken switch caused 1 June payment failures

Visa has cited a broken switch as the root cause of payment processing problems on Friday 1 June that saw failed transactions across Europe, according to the Guardian. Some 5.2m transactions failed during … Continue reading “Visa says broken switch caused 1 June payment failures”


Half of British employers worry about recruitment

One in two British employers anticipate that they will struggle to recruit permanent staff in the near future, according to a survey from the Recruitment and Employment Confederation (REC) reported by Reuters. Fifty … Continue reading “Half of British employers worry about recruitment”


CBI President warns Brexit could lead to ‘extinction’ of UK manufacturing

The President of the CBI has warned that sections of the UK car industry face ‘extinction’ unless the UK remains in an EU customs union, according to BBC News. Paul Dreschler said a … Continue reading “CBI President warns Brexit could lead to ‘extinction’ of UK manufacturing”


RAC calls for fuel retailers to cut prices

The RAC has said that fuel prices in the UK are unjustifiably high and wholesale price drops should be passed onto consumers, according to BBC News. The motoring organisation says there is ‘no … Continue reading “RAC calls for fuel retailers to cut prices”


UK inflation at a one-year low

Inflation in the UK remained at a one-year low in May, leaving open the possibility of a raise in the interest rate from the Bank of England. In May 2018 consumer price inflation … Continue reading “UK inflation at a one-year low”


UK farmers face migrant labour shortage

British agriculture is facing a labour shortage as recruitment agencies warn they cannot find enough workers to pick this year’s fruit and vegetable harvest, according to BBC News. More than half of recruitment … Continue reading “UK farmers face migrant labour shortage”


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