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Category: This Week in Business

This Week in Business

The political turbulence of the last week has caused the value of the pound to oscillate, and business confidence with it. The unexpected result of a hung parliament following last week’s General Election caused the GBP to experience its steepest fall all year, although it has slowly climbed back up, restoring stability to importers in…
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This Week in Business

Although the news this week has been dominated by yesterday’s General Election, it’s been an eventful week in business. Amidst the volatility of the sterling, it was announced that the UK has fallen to the bottom to the EU in terms of economic growth. Recent figures show Britain to have been the worst-performing member of…
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This Week In Business

The week got off to a discouraging start for businesses in the construction industry, as it was revealed that house prices in the UK fell for a third consecutive month in May for the first time since 2009. The results of the survey, commissioned by Nationwide, will confirm the fears of many in the property…
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This Week In Business

It’s lukewarm news for small businesses in the services sector, as the latest quarterly results show that that the economy expanded by just 0.2% between January and March. This was largely due to weak performance by the services sector which accounts for over three-quarters of UK gross domestic product (GDP). The results from the Office…
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This Week in Business

Latest figures show that both consumers and small businesses are feeling a pinch on their budgets, spelling trouble for consumer spending. In this week, inflation rose to its highest level since 2013, and now stands at 2.7 per cent. Wage growth, however, is lagging behind at 2.4 per cent, which indicates that small businesses are…
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This Week In Business

The market has given a clear vote of confidence to businesses in East London, as new research shows higher success rates for new businesses founded in several East London boroughs. Havering was ranked top for the survival rate of new businesses, with Newham, Tower Hamlets, Bexley and Redbridge all being ranked in the top ten.…
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This Week in Business

The business forecast is sunny for the manufacturing and services sectors as a whole, after they both posted strong results over the past few months. Indeed, the UK’s manufacturing sector managed to grow at its fastest rate for three years in April, according to research from IHS Markit. The service sector has seen “stellar” performance…
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Thursday Insight: The Future of the Care Sector

The care industry is a critical one, as well as being one of the largest and most diverse sectors of the UK economy. The number of adult social care jobs in England as at 2016 was estimated at 1.55 million, and is set to increase further as the elderly population grows. Key figures Last year,…
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This Week in Business

The government announced this week the introduction of a relief fund to help small, medium and micro enterprises (SMMEs) who are hit by steep rises in their business rates following the business rates review. This could have important implications for your business- find out more about the rates review and the kind of support on…
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This Week in Business

The headlines this week have been dominated by the Prime Minister’s announcement of a snap General Election taking place on 8 June this year- for full details on how this could affect small businesses, have a look at our blog post. However, this week also saw a number of good news stories for businesses in…
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