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Tag: This Week in Business

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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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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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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