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Category: This Week in Business

Wednesday Insight: What SMMEs in the creative industries should know

The UK’s creative industries sector encompasses everything from film and television to advertising and design services, yet its contribution to the economy is often overlooked. In this article, we take a look at what businesses in this sector can expect in the coming months, and how they can respond to challenges on the horizon. Key…
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This Week in Business

This week uncertainty over Brexit continued to bite. On Thursday a landmark survey for Britain’s £110bn food and drink industry laid bare the severity of the risks around the future of EU workers. There are two million EU nationals currently working in the UK and their future remains turbulent. 20 per cent are currently employed…
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This Week In Business

The outlook for the UK economy has shown encouraging signs this week as British retail sales beat expectations in July, in spite of slowing economic growth. The results were positive for small, medium and micro enterprises (SMMEs) in food, clothing, footwear and household goods in particular, with growth in all these sectors exceeding predictions. However,…
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This Week In Business

Good news came for small, medium and micro enterprises (SMMEs) in the technology sector this week as London’s status as the tech centre of the UK was confirmed. In the latest UK Tech Innovation Index, London is leading by a mile, scoring more than seven times higher than the second-placed city, Edinburgh. The data shows…
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This Week in Business

This week brought encouraging news for London-based small, medium and micro enterprises (SMMEs) in construction and commercial real estate. Research by Cushman & Wakefield found that a record £9 billion of investment in commercial property in London was made in the first six months of 2017. Surprisingly, this represents an 18 per cent increase from…
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This Week In Business

This week kicked off with a positive start for small businesses in the retail sector. Recent figures from the Confederation of British Industry (CBI) showed that retail sales nationally grew in the months leading up to July. 48 per cent of retailers surveyed said that sales volumes were up in July compared to a year…
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This Week in Business

Recent figures indicate that small businesses who have seen their sales take a tumble recently could breathe a sigh of relief – at least for the time being. Inflation in the UK unexpectedly fell last month, resulting in households having more cash to spare and more money to spend on goods and services. However, despite…
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This Week In Business

Despite the looming challenges facing business, particularly in terms of exposure to international opportunities, the UK’s small, medium and micro enterprises (SMMEs) seem to be resilient. Business owners’ perception of risk facing their own business has fallen by 15 per cent compared with the last financial quarter. However, rising prices in the wake of the Brexit…
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This Week in Business

A Lloyds Bank Business in Britain report has found this week that business confidence has jumped to an 18-month high, measured against an index of expected sales, orders and profits. The Lloyds Bank report surveyed the views of 1,500 UK companies in May, after the General Election was called. Meanwhile, the British Chamber of Commerce…
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This Week In Business

The outlook for UK businesses has been gloomy in recent months, according to the Bank of England. The continued trend of low wage growth was this week branded a “return to pre-industrial Britain” by Andy Haldane, the Chief Economist of the UK’s central bank. This is hitting productivity hard: although productivity in OECD countries has been…
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