Business and Economics

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...

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...