Business and Economics
Business and Economics News
‘One in five chance’ of Chancellor meeting growth target, think tank warns
Niesr is forecasting UK growth of around 1.5 per cent this year compared to the Chancellor's aim of 2.7 per cent.
Firms still struggling to recruit skilled workers, study suggests
Training has got to be at the heart of next month’s Budget, says Chambers of Commerce.
Pound plummets as Johnson clashes with EU over what he signed before Brexit negotiations even begin
Traders are concerned the significant differences between Boris Johnson and the Political Declaration he signed with the Withdrawal Agreement from the EU could lead to a no-deal Brexit, and that lack of alignment with the European market will spell disaster for the UK economy.
Warning UK science endangered post-Brexit without EU collaboration
The UK received £1.52 billion of European Research Council income, more than any other country and a fifth of the total
‘Storm of uncertainty’ as UK car output falls to near 10-year low
Structural changes in the industry, weak confidence in the UK, slower demand overseas, and Brexit-related issues were blamed for a fall in production.
Wonga creditors get less than 5% of their claims
The lending company collapsed in 2018.
Migration Advisory Committee report signals ‘small growth’ UK post-Brexit immigration system
Immigration system report urges Government avoid 'past mistakes.’ The MAC hasn’t recommended a full Australian-style points-based system as the government has trailed, but a mix- more flexible salary thresholds for those with a job-offer and a points-based system for those coming to the UK without a job:
London no longer world’s top financial centre thanks to uncertainty over Brexit
London suffered a 19 percentage point decline as just over one-third of executives said they would choose the UK’s capital.
Revealed: UK loses 10,000 retail jobs already this year
A further 1,200 posts are under threat at Beales and Hawkin’s Bazaar, which both went bust in January. Boris Johnson vowed before the December election that a Conservative government will extend the retail discount on business rates to 50 per cent in England, for those properties with a rateable value less than £51,000.