Business and Economics

Now that the United Kingdom has triggered Article 50 to set the wheels in motion for leaving the European Union, where will UK businesses look to if they decide to expand overseas? Some may still decide to test the markets within the European Union. But, with uncertainty about the conditions under which the UK would trade with the EU and the rest of the world, it’s not unreasonable to think that some businesses in the UK would act upon its...

As post-Brexit realities begin to settle in, many UK industries are struggling to stay afloat against the tide of uncertainty and reduced trade opportunities. One sector which appears to be holding it’s own, however, is construction. Thanks to government-backed programmes, the British construction industry may actually see significant growth in the near future. The Construction Industry Training Board (CITB) has forecast the creation of 179,000 new jobs over the next five years with an annual growth rate of 1.7%. Compared...

Under the Conservative led coalition the number of British people who fell into the poverty trap grew by almost three quarters of a million, according to figures from the ONS (Office for National Statistics) . In 2014 there were 3.9 million people who struggled to survive in the UK but it was 4.6 million a year later, a very worrying rise in such a short space of time. The citizens were caught the cycle of “persistent” poverty. Alongside these worrying...

The Conservative Party assumes that people want lower taxes and the rolling back of the public sector, and under Thatcher that approach worked and kept the party in power for a long period of time. However, it appears that the British people are increasingly in favour of the opposite and welcome an increase in taxes and Govt spending, according to a new study. The research found that almost half of people in the British Isles want the Government to raise...

Region's industry nosedives in ‘massive problem for workers and local economy. The North West has haemorrhaged more than 77,000 manufacturing jobs in the past decade, a new study by GMB has shown. The figures were discussed at GMB’s annual Congress in Plymouth. They show that 77,700 jobs in the sector disappeared from 2006 to 2016, a massive fall of 18%. Between them the lost jobs have meant the North West has seen £725 million less paid in manufacturing wages in...

A full year has passed since the June 23 Brexit referendum. Britons voted by a margin of 52% to 48% to break from the European Union. The Brexiteers may not have known it at the time, but the long-term consequences of a Brexit have far-reaching implications for UK banks. For starters, banks in Britain are currently operating with full access to European markets. Those passporting rights will be affected in the absence of a negotiated settlement post-Brexit. On Monday, 20...

Los Angeles has been named as the top global city in the third publication of the Schroders Global Cities 30 index, narrowly beating London which took second place. US mega-cities dominated the latest index taking 18 of the top 30 places, including four of the top five spots. Los Angeles jumped from sixth place to first, whilst Boston saw one of the biggest leaps in the index going from 24th place to third place. Chicago jumped from 10th place to...

Grim retail figures have been released ahead of the one year anniversary of the European Union (EU) referendum. From 2016-2017, UK consumers, on a daily average, made 3,923,336 purchases online, but that number plummeted on key Brexit dates. The day referendum results were announced 1,642,100 purchases were made in the UK - a drop of 58 per cent against the daily average. The recent General Election also saw a significant dip and the day Article 50 was triggered saw levels stoop...

The recent skyrocket in Bitcoin’s market value has caused there to be a great deal of speculation about how long lasting this success will be and whether it is just a matter of time before it sees a significant crash (as was the case on previous occasions). As Bitcoin is decentralised by nature, it is possible that it will perform differently than other currencies as it is not controlled by any company, government or a particular organisation. Bitcoin, the very...