Business and Economics

Economic experts have today suggested the UK should reverse Brexit in order to avoid the severe consequences of a messy breakup. The Organisation for Economic Co-operation and Development (OECD) published a report that puts forward the case for a dramatic rethink on the agenda. Its findings have already been hailed as the “final nail in the coffin for the already long-buried notion that Brexit will benefit our economy”. But even with EU negotiations stalled there are growing signs that the UK economy...

Inflation has hit the lowest income families hardest since recession because they spend the most proportionally of any income group on utilities, which have shot up in price over the decade. Lower income families are also likely to have been hardest by inflation since Brexit, due to the rise in the price of food and non-food essential items, which they spend disproportionately more on. While many ‘big ticket’ items have actually fallen in price over the last 20 years: cars are 12...

More misery for five million public sector workers as their wages take yet another hammering GMB says public sector workers are at breaking point as inflation hits three per cent. The latest ONS figures show CPI is up to 3 per cent from 2.9 per cent - a five-and-a-half year high. The rise means more than five million public sector workers will see an even bigger real terms wage cut due to the pay cap. On average, each public sector...

It doesn’t matter if you’re a corporate giant like Apple, or a local business that sells actual apples; hiring international staff can have a variety of benefits. From diversifying work culture and building foreign partnerships, to skilled staff at a lower cost and acquiring specialist talent, there is always a reason to at least consider overseas employee relocation. But, despite the benefits of international employee relocation, there is often concern amongst recruiters about the expenditure of resources required for such...

Shock figures released by the Office of National Statistics (ONS) show that Britain is £490 billion poorer than was thought. Britain’s stock of wealth has fallen from a surplus of of £469 billion to a net deficit of £22 billion. The UK has totally lost its reserve of foreign assets, and is actually in a much more vulnerable deficit, losing any safety margin just Theresa May’s government is attempting a breakthrough in a crucial stage of Brexit negotiations. This massive...

Britain is officially a nation of shopkeepers – according to new research. An international study has revealed Britain is ranked as the fourth most micro-business dense country in the world, with 81 micro-businesses to every thousand people. The Czech Republic beats The United States and Indonesia to claim the title of country with the most micro-businesses per capita – with 89 micro-businesses for every thousand Czechs. The UK makes the top five ahead of Portugal, Slovakia and Iceland. Oliver Harcourt,...

When holding a conference for your business, your key aims should be to put together an event that creates impact and puts your brand front of mind, while encouraging delegates to attend your future events and use your products or services. To achieve all this, it’s essential that attendees don’t just engage with your conference and all it has to offer, but also don’t forget about it hours after they exit the venue doors. From standing out with a marketable...

Worrying signs have emerged that the BHS saga is set to repeat itself after the chair of the Work and Pension select committee said mega-rich individuals are set to walk away again from a collapsed company as ordinary people face pension woes. Monarch Airlines ceased trading earlier this month after running into financial issues. Its administration resulted in 110,000 passengers left stranded overseas and 300,000 future bookings cancelled, with 2,100 employees out of work. And now an influential group of MPs has...

The United Kingdom and Malaysia have strong economic ties and a long history of partnership in different fields of economy. What is even better is that these ties will get even stronger in the next period. Namely, UK Export Finance, the popular export credit agency from the United Kingdom, has decided to boost the support for the trade between Malaysia and the United Kingdom to record-high five billion Pounds or 28.35 billion Ringgits. This is definitely good news for the...