Business and Economics

More depressing Brexit fall-out news, as household and manufacturing confidence is the lowest it has been since 1990. The study was carried out by GfK, a market research company, and the index indicated the sharpest month on month drop for almost thirty years. Fears about the economic future of the UK post Brexit have dramatically damaged the confidence of UK manufactures and households alike. People are lot gloomier about their own personal finances and are less likely make big ticket...

As part of our business advice series, TheLondonEconomic.com spoke to Neil Slater, General Manager at DMC Software about the Most Common CRM (Customer Relationship Management) mistakes that businesses make. Whilst Customer Relationship Management (CRM) solutions have been around for a long time now, many businesses are still finding that their solution is not living up to their expectations. Adopted as part of a vital strategy for growth, they have become a tool for all businesses to enhance their customer management, and...

More depressing UK economic news has been released, this time in relation to wage growth. Britain has seen a larger decline in real wages since the 2007 credit crunch than any other developed country apart from Greece. It is feared that Brexit may have an even more negative impact on the wage growth, which could leave a clear gap between the UK and the rest of the OECD group of nations. The figures were discovered by the TUC who revealed...

A PR firm has taken a harsh stance against a charity who wanted to move into the same building as them. According to City A.M. Lee Publicity, a fashion and home PR business would not accept a charity that helps female ex-offenders to get into work, to locate themselves at the same address. The charity, Working Chance, was set up to provide workshops to women who have been in trouble with the law. They run seminars to help the offenders...

The multi-million pound pay packages handed out to CEO’s don’t actually improve the companies they work for, in fact it makes them worse. A newly published study by corporate-governance research firm MSCI has highlighted this issue. They ask the simple question: “Has CEO pay reflected long-term stock performance? In a word, ‘no.’” Many people have complained about huge salary boosts to heads of companies, now these increases don’t actually improve business performance; there will be questions raised why these packages...

The pressure of Sir Philip Green has continued today as the chairman of the Commons Committee that probed BHS’s collapse believes that the retail boss is worse than Robert Maxwell. Robert Maxwell, siphoned off millions of pounds from the pension scheme at the Mirror Group. After the scam was uncovered, a year later in 1991, he died while out on his yacht and fell into the sea. Frank Field MP stated that Green held enough money to fill the pensions...

Mike Ashley’s retail empire is under fire again. A new report by the Business, Innovation and Skills committee has accused Sports Direct of not treating his workforce as humans. Ashley, who runs of Europe’s largest retail operations and Newcastle United, must personally be held accountable for the companies operational failures. One MP even said the retail giants working practices were like a Victorian workhouse. Ashley recently had to appear in front of MPs due to the business being investigated for...

New Data has indicated that the UK economy is really struggling due to Britain’s vote to leave the EU. The pound has fallen after additional claims the economy could contract by 0.4% in the third quarter of 2016. Data from Markit’s Purchasing Manager’s Index (PMI) shows a “dramatic deterioration,” in the economy. These levels have not been seen since the banking crisis, which saw the Government step in to save a number of the United Kingdom’s major banks. The PMI...

The successful Leave campaign during the EU referendum has “thrown a spanner in the works” of the global economies recovery. The IMF (International Monetary Fund) has just cut the UK growth forecast for 2017 citing Brexit as the reason for the slow down in the British economy. During the lead up to the vote, the IMF was vocal in its support for Britain to remain part of the European project. The warnings about an economic downturn fell on deaf ears,...