Business and Economics

Business and Economics News

Another one bites the dust: Panasonic set to move HQ to Amsterdam

Panasonic has become one of the first global companies to lay the blame of a decision to move their headquarters to Europe directly on the doorstep of Brexit. The Japanese technology giant announced today that it will move its European headquarters from the UK to Amsterdam in October as Brexit approaches. The aim is to avoid potential tax issues linked to the UK's decision to leave the EU, said Panasonic Europe's chief executive Laurent Abadie. It comes as several other...

Modern consumers have developed a “I want it now” attitude

Modern consumers have developed a ‘want it now’ attitude – thanks to online shopping and social media, a study has found. As it becomes easier than ever before to get something within days - or even hours - of making a purchase, more than one in five admit they want instant gratification. One in 10 would expect an online order to arrive no later than the next day with some impatient shoppers not happy unless they can get what they...

No deal papers paint bleak outlook for British businesses

Businesses can expect a lot more red tape, extra bureaucracy and additional costs in the event of a no deal, the government’s initial papers reveal. Dominic Raab presented the first 24 of 80 papers prepared by the government to explain plans that would mitigate the impact of a no deal Brexit. The papers contain a host of new regulatory regimes, doubling up of registration and extra processes for British business and consumers. Before importing goods from the EU businesses will...

Low levels of unemployment doesn’t translate into “improved living standards in London”

UK unemployment fell by 65,000 to 1.36 million in three months to June - the lowest for more than 40 years. They also show a rise in productivity, but a slowdown in wage growth. The official figures from the Office for National Statistics (ONS) on unemployment revealed that: 5% unemployment in London is near record low (persons aged 16-64, April-June 2018), driven in particular by fewer young people and fewer women out of work. The young person (18-24 year old) unemployment...

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