Economic Growth

Oct- 2021 -

29 October

Itch wins at Barclays Entrepreneurship Awards

Barclays has announced Itch, a Leeds subscription-based pet wellness firm, as a national winner at the Barclays Entrepreneur Awards held yesterday. It was named as the UK’s Scale-up Entrepreneur of the Year under the category which was sponsored by Propel Finance, which recognises entrepreneurs whose businesses are growing rapidly. The…

Sep- 2021 -

10 September

Economy

UK economic growth slows, ONS reveals

UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest data by the Office of National Statistics (ONS). With the spread of the Delta variant and the “pingdemic” taking its hold in July, gross domestic product (GDP) still remains 2.1%…

Aug- 2021 -

12 August

Economy

UK economy surges 4.8% in June

The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK, according to figures published by the Office of National Statistics (ONS). Gross domestic product (GDP) is estimated to have grown for a fifth consecutive month in June 2021, by 1.0%,…

Jun- 2021 -

21 June

Trade Organisations

BPF slams gov’s commercial property rent moratorium extension

The British Property Federation (BPF) has come out against the government’s latest commercial property rent moratorium extension. Last week (16 June), the UK government announced a further extension of moratoriums on commercial property owners’ rights until March 2022. Legislation is set to be introduced later this session in parliament in…

Jan- 2021 -

15 January

Economy

UK GDP shrinks by 2.6%

GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity, the latest ONS figures reveal. Figures released by the statistics office show that November GDP was 8.5% below its pre-pandemic levels. The decline follows a period of economic growth for the UK, with last October’s report revealing that the country had grown a…

Aug- 2020 -

24 August

Economy

Record economic growth anticipated for Q3

The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…

Mar- 2020 -

3 March

Business Bites

Coronavirus is stepping up a gear – this could be serious

When I started this column back in December I did not anticipate a single subject would dominate it so much, but as I wrote last week it would be silly not to address the latest coronavirus circumstances given that each new development so far has had a profound impact on…

Jan- 2020 -

29 January

Business Bites

British Airways gets flighty and Starbucks smells the coffee over coronavirus

The business response to the coronavirus situation, which appears to be developing into a serious crisis, continues apace today. British Airways today announced that it was suspending all flights between the UK and Wuhan, the Chinese city where the virus originally broke out. In a statement it said: “We have…

17 January

Business Bites

The trillion-dollar club has gained Google as a member

Remember at school when teachers used to explain how one million was an essentially incomprehensibly large number? I recall one of mine showing the number represented on a huge rolled out piece of paper as wide and long as a carpet, with precisely one million individual dots. I was about…

Dec- 2019 -

12 December

Business Bites

Businesses are sitting on £115bn and waiting to splurge

Goldman Sachs thinks money will pour into UK stocks and shares after this election, but it’s at least partly because they suspect a Tory victory. Regardless of which side of the Brexit divide you are on, there is one thing that’s for certain: business has been extremely cautious about the…