Business and Economics

A group of prominent economists have submitted an open letter to the Guardian, in which they claim literally handing out cash to British citizens will boost the economy. The academics believe that this is the best method to bring life back into the UK economy, which is in real danger of sliding into another recession. Mark Carney, has just dropped interest rates to a historically low 0.25 per cent, but these economists think that their theory would boost the economy...

The Bank of England has cut interest rates to 0.25 per cent and hinted at further cuts in the next few months. Interest rates haven't been cut since the financial crisis took hold in 2009 and now stand at a record low. The Bank also announced the biggest cut to its growth forecasts since it started making them in 1983 on the back of the economic uncertainty caused by Brexit. It has reduced its growth prediction for 2017 from the...

Another day another piece of bad publicity against Sir Philip Green the former chief of BHS. This time a member of staff at BHS claims the tycoon slapped her down after they had the audacity to stand up to him. Chris Page, 68, explained how she spoke to Green while working on the shop floor back in 2000 The gran of seven said: The gran of seven said: “I was working in the Christmas shop. “I was getting to work...

More doom and gloom sadly as more business data has emerged post-Brexit. It has been reported that the UK’s manufacturing sector is at its lowest level for over three years. It is more worrying news that the UK economy is grinding to a halt as the fall-out from the EU referendum begins to take its toll. An index, by Markit, of the manufacturing industry, a month by month study, indicated a fall to 48.2 in July down from 52.5 in...

By Charles Hibbert  British summer weather has led to suggestions we should work from home more as office workers being more unproductive in the working week. Research shows that UK office workers were originally committed to work for three days a week, but with temperatures rising, workers are unproductive for half the week. Those polled said that if temperatures exceed 27 Celsius, the working day should actually be cut short. When asked how many hours a week they are fully...

A new study has studied how much poverty impacts on the UK economy and the results are shocking. The Joseph Rowntree Foundation, who conducted the research, have reported that the national cost is £78bn, which costs each taxpayer a huger £1,200 a year. Poverty is categorised as living on an income which is less than 60 per cent of the median. The JRF looked at how these people’s needs create demand on various government services. Without even taking benefits into...

A VIP tent was being set up at the site yesterday, but the champagne was literally put back on ice, as the nuclear plant at Hinkley Point was delayed today. Philip Hammond, gave his full backing to Hinkley Point C only two weeks ago, saying: “We have to make sure the project goes ahead.” Environmental groups will welcome the delay and will hope that this signals a cancellation in the controversial scheme. However, the GMB union has described the delay as...

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...