Confidence hits new low but spending climbs amid sunny weather April 9, 2019 Confidence in the UK economy tanked to its lowest level in five years last month, as shopping sentiment wavered in the wake of Britain’s imminent departure from the EU. Uncertainty over Brexit has pushed confidence to its lowest level since Barclaycard began recording data in 2014, with almost seven in ten respondents saying they are [...]
Nearly a third of European firms still not GDPR compliant July 22, 2019 Almost a third of European businesses are still not compliant with the wide-ranging European Union laws on data protection and privacy introduced last year, according to accounting firm RSM. Read more: Data breach reports soar since GDPR as firms fear mammoth fines RSM said medium-sized businesses were “struggling to understand and implement” the General Data [...]
Covid-19: why the tech giants have emerged as winners May 12, 2020 While many businesses struggle to survive under the global lockdown, the largest technology companies remain afloat and in some cases are even thriving. Microsoft has reported a surge in usage of its cloud computing service Azure, as millions of people work from home. Amazon is hiring an additional 75,000 workers, on top of the 100,000 [...]
Car sales fall as removal of subsidies and Brexit take toll May 7, 2019 The number of new cars registered in the UK fell 4.1 per cent in April compared to the year before, as demand among consumers shrank, according to official figures released today. Read more: Brexit stockpiling slowdown hurts UK manufacturing growth Meanwhile, registration of new plug-in hybrids declined dramatically, falling 34.4 per cent year-on-year. The drop [...]
Car sales fall as removal of subsidies and Brexit take toll May 7, 2019 The number of new cars registered in the UK fell 4.1 per cent in April compared to the year before, as demand among consumers shrank, according to official figures released today. Read more: Brexit stockpiling slowdown hurts UK manufacturing growth Meanwhile, registration of new plug-in hybrids declined dramatically, falling 34.4 per cent year-on-year. The drop [...]
More than five million fall victim to financial scams, Lloyds Bank warns June 14, 2019 More than five million people in the UK have fallen victim to a financial scam as fraudsters use more sophisticated techniques to dupe the public. A Lloyds Bank and YouGov survey revealed 10 per cent of adults had been scammed while a quarter said they knew someone who had conned. Read more: HMRC cracks down [...]
Retail sales decline for longest stretch in eight years July 25, 2019 Retail sales have fallen for the longest period in eight years, new research has revealed, in the latest sign of gloom on the high street. Sales volumes fell for the third consecutive month in the year to July, marking the longest decline since 2011, according to the latest CBI monthly Distributive Trades Survey. Read more: [...]
June retail sales drop drags average to 20-year low July 9, 2019 Declining retail sales in June dragged the yearly average down to the lowest level in more than 20 years as this summer’s weather failed to match the 2018 heatwave. Total sales decreased by 1.3 per cent in June, compared to a rise of 2.3 per cent in the same month last year, according to research [...]
How global markets will cope with a second wave June 13, 2020 Fears of a second wave of coronavirus have stubbed out hopes of swift economic recovery around the world, as the possibility of further lockdowns hangs heavy on global markets. While many countries seem to have a grip on the coronavirus crisis, the prospect of new infections in the US hinted in Wednesday’s Federal Reserve meeting [...]
Coronavirus: the economic impact March 5, 2020 The coronavirus threatens to derail the revival in global economic growth which began in the latter part of 2019. Economic indicators up to January continued to show an improvement in activity with business surveys signalling rising orders and output. However, confidence in the sustainability of the upswing has been undermined by the virus, officially known [...]