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Tag: News

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 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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Building Legacies event welcomes Sir Robin Wales and East London SMMEs

On Tuesday the 25th July, Building Legacies hosted its Summer Networking Event, the latest in our quarterly networking events which attract small businesses from across East London. We welcomed more than seventy small, medium and micro enterprises (SMMEs) in sectors ranging from consulting to carpentry and media production to marketing, meeting at the Good Hotel…
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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

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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Wednesday Insight: How SMMEs can improve client care

In order to compete with household names, small businesses need to work harder to ensure they are responding to their customers’ needs. In this article, we explore why customer and client care are important, and simple ways that small, medium and micro enterprises (SMMEs) can improve their customer experience. Key Facts UK businesses lose £12…
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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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