Business and Economics
Business and Economics News
UK will endure ‘longest and deepest recession’ due to policy mistakes
"The UK suffers from an energy shock as bad as Europe's, an inflation problem as bad as the US and a unique problem of labour supply."
BBC’s ‘scorecard on Brexit’ struggles to find any upsides
Low growth, high inflation, soaring business costs and squeezed productivity cushioned by.... cheese.
Businesses say Brexit has ‘cracked Britain’s economic foundations’
“The UK chose Brexit in a referendum, but the government then chose a particularly hard form of Brexit, which maximized the economic cost."
Majority of UK firms find trading with EU difficult post-Brexit
The results showed that 44 per cent of firms surveyed also faced difficulties in getting visas for staff post-Brexit.
‘We do not recognise this analysis’: Treasury responds to dismal Brexit data
"We are taking full advantage of the opportunities of Brexit"....
Bank’s chief economist says Brexit played a part in soaring inflation
Huw Pill said Brexit has reduced trade between the UK and Europe which has had a knock-on effect on labour, productivity and prices.
Policymakers urged to stop using GDP to measure success
Carnegie UK is calling for Gross Domestic Wellbeing (GDWe) to be used as an alternative metric to GDP.
A hundred UK companies sign up for permanent four-day working week
One CEO said adopting the four-day week was “one of the most transformative initiatives we’ve seen in the history of the company".
UK will face ‘worst downturn of major economies’ in 2023 – OECD
The Tories have "failed to secure our economy and get it growing which has left us exposed to any external shocks", Abena Oppong-Asare said.