Lack of Social Mobility Costs UK Economy £19bn Annually
A report by the Co-op and think tank Demos highlights the impactful cost of limited social mobility on the UK economy.The UK economy misses an annual £19bn in GDP growth…
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Businesses’ Profit Expectations Drop as Budget Looms
As the UK's Autumn Budget comes into view, a fresh analysis reveals a worrying dip in business confidence.Grant Thornton UK LLP reports that mid-market confidence is weakening, with profit growth…
Bank of England Urged to Expedite Rate Cuts by IEA
The Institute of Economic Affairs (IEA) has advised the Bank of England to hasten interest rate reductions.Following September's inflation dip to 1.7%, the IEA suggests current UK rates surpass necessity.Julian…
International Investment Summit Generates £63 Billion and 38,000 Jobs in the UK
The recent International Investment Summit has significantly boosted the UK economy, drawing £63 billion and creating nearly 38,000 jobs. This event marked a substantial increase in investment compared to previous…
Labour’s Industrial Strategy Faces Criticism from Construction Sector
The recently unveiled industrial strategy by the government has sparked discontent within the construction industry, highlighting several key concerns.The strategy excludes construction from its list of eight favoured sectors, causing…
Logistics UK’s Call for Increased Lorry Parking Investment
A recent government announcement of a £14m investment in UK lorry parking has sparked a call for further action from Logistics UK.The government's plan includes £4.5m grants to 23 applicants…
UK Economy Shows Signs of Recovery with 0.2% Growth in August
In August, the UK economy experienced a modest growth of 0.2%, marking a departure from two months of stagnation.This recovery, supported by key sectors such as manufacturing and construction, is…
SMEs Battle Insolvency Amid Financial Challenges
Recent figures indicate a worrying surge in UK corporate insolvencies, marking a 30-year high.In 2023, corporate insolvencies in the UK rose by 14%, reaching over 25,000 cases.The lifting of pandemic-era…
Santander Urges UK Skill Development for Future Economic Stability
In its recent report, Santander emphasizes the urgent need for the UK government to invest in skill development, focusing on leadership, digital, and sustainability areas.The report highlights concerning trends in…
Santander Urges Government to Prioritise Essential Skills for UK’s Economic Future
Santander's report highlights the urgent need for investment in developing leadership, digital, and sustainability skills in the UK.Focused on overcoming barriers such as time constraints and costs, Santander is advocating…
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