Business and Economics

Business and Economics News

Brexit: is London’s loss the North’s gain?

Brexit has already proved hugely divisive - to the point where the unity of the United Kingdom is once again in question - but it is also presenting golden opportunities for those able to position themselves on the right side of history. It is, however, hard to see how metropolitan London - as a global finance and business hub - is going to gain from the sort of ‘hard’ Brexit that is currently being championed by the hard-liners to Theresa...

Treasury warns ‘Hard Brexit’ could cut 10% off GDP & cost up to £66bn

This news must panic even the most ardent of “Brexiteers,” as a leaked Treasury document would destroy the UK economy. The fall that has been predicted would damage jobs across the country and send business to the wall. The report was shared with The Times and suggests that GDP might fall to almost ten per cent if the UK leaves the European project and opts to follow World Trade Organisation rules. The paper was published by the ex-Chancellor George Osborne...

“Hard Brexit” woes as pound falls to 31-year low against the dollar

As the Conservative party conference appears to be ratcheting up the anti-EU sentiment within the party, a ‘hard Brexit’ seems more likely, even though, ironically, some of the conference centre was actually funded via EU cash. The anti European hyperbole and Theresa May’s fears of being attacked by the right of her party, led her to reveal that article 50 will be invoked by March 2017, this means the UK will be out of Europe by 2019. However, there may be...

AB InBev Takeover Means “Less Choice and Higher Prices” For Consumers

The SABMiller takeover of AB InBev will lead to less choice and higher prices for consumers, according to a leading expert. John Colley, of Warwick Business School, said cost rationalisation will mean substantial redundancies amongst SAB Miller staff and higher costs passed on to consumers because of the lack of competition. Although the merger is likely to line the pockets of the shareholders, Colley said customers will not see any benefit as "greater brewer market power is more likely to...

6 Ways to Make Your Business More Efficient

Whether you are a small business owner or large corporation, it’s always beneficial to determine new ways to make your business more efficient. The more efficient your business is, the more productive your business becomes. The more productive your business becomes, the more capable you are of expanding to the next level. Higher efficiency also leads to higher employee satisfaction creating a more friendly, collaborative environment, which leads back to higher efficiency. See where this is going? Here are 6...

Post-Brexit business optimism at lowest level since 2009 financial crisis

It seems that the business community is not feeling to positive about the future of the UK economy post-Brexit. The first quarterly survey, since the nation decided to leave the EU, indicates that business optimism in the financial services industry sector is very low. Over half of financial companies, who were part of the well-respected survey, said the impact of Britain's decision to leave the European project was negative. There are also concerns that Germany’s business hub, Frankfurt, is trying...

Why Your Business Needs to use Protection

The online world is a dangerous place, and it’s all too easy for the unwary to fall prey to external attacks and internal security breaches. Business software can become infected and end up needing malware removal. From merely being a nuisance, malware has become big business and nobody is immune from the threat. Read the advice from FileHippo on how to protect your business. What Is Malware? The term malware covers a number of things. It encompasses computer viruses that...

Has Britain Escaped the Brexit Blow?

In the immediate wake of Brexit, British citizens had a minor meltdown. There were multiple reports of people who had voted to exit only to demonstrate their discontent, and calls for a second referendum once citizens understood how high stakes their decision really was. The FTSE 100 plummeted, the value of the pound fell to a 31-year low, and there were doomsayers on every corner. So it comes as nothing short of a surprise to see that, nearly three months...

More Brexit blues: OECD halves UK growth forecast

Another day, another Brexit horror story, this time the OECD (The Organisation for Economic Cooperation and Development) has cut the UK’s growth target in half, by a whole percentage point. These forecasts have been reduced due to the impact of Brexit and a wider weakness in the broader global outlook. The report states: “While markets have since stabilised, sterling has depreciated by around 10% in trade-weighted terms since the referendum. For 2016, GDP growth has been supported by a strong performance...

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