Inflation rate holds steady as UK economy grows
Posted on Friday, December 8th, 2023
The UK’s rate of inflation held steady in September while the nation’s economy grew the month before, according to the latest figures from the Office of National Statistics (ONS). The ONS revealed that the CPI rose by 6.7%... Read Full Article...
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Online platforms should sign up to Prompt Payment Code
Posted on Friday, December 8th, 2023
Online platforms should commit to paying small businesses within a maximum of thirty days in line with the Prompt Payment Code, according to the Federation of Small Businesses (FSB). The FSB has set out a range of... Read Full Article...
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Hybrid and remote working here to stay
Posted on Friday, December 8th, 2023
A large majority of UK business leaders plan to offer employees remote and hybrid working in the long-term, according to the Institute of Directors (IoD). A survey conducted by the IoD found that 84% of business leaders polled... Read Full Article...
Many firms still facing recruitment problems
Posted on Friday, December 8th, 2023
Many UK firms are still facing hiring issues as a result of challenging economic conditions, according to a report from the British Chambers of Commerce (BCC). 73% of firms surveyed by the BCC reported having recruitment problems, with businesses... Read Full Article...
Firms looking to Autumn Statement for help with rising operating costs
Posted on Friday, December 8th, 2023
Small firms will look to the upcoming Autumn Statement for signs that the government understands their operating concerns, says the Federation of Small Businesses (FSB). The business group said that UK businesses need urgent action to help... Read Full Article...
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Interest rates held as inflation falls
Posted on Friday, December 8th, 2023
The UK’s base rate of interest was held at 5.25% in September as the rate of inflation fell to 6.7% in the year to August 2023. The fall in the rate of inflation surprised economists, who expected it... Read Full Article...
Less than 1% of small firms receiving net zero help
Posted on Friday, December 8th, 2023
Less than 1% of small firms have benefitted from key local support schemes across England on net zero, according to research from the Federation of Small Businesses (FSB) and Warwick Business School. The research has raised concerns over... Read Full Article...
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Number of cash transactions rises for first time in a decade
Posted on Friday, December 8th, 2023
The number of payments made with cash rose for the first time in a decade in 2022, according to data published by UK Finance. According to UK Finance, the total number of payments made last year increased... Read Full Article...
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Inflation falls to 6.8% in July
Posted on Friday, December 8th, 2023
The UK’s annual inflation rate fell to 6.8% in July, down from 7.9% in June, according to the latest data from the Office of National Statistics (ONS). It is the smallest increase in the cost of living... Read Full Article...
UK set for five years of lost economic growth, warns think tank
Posted on Friday, December 8th, 2023
The UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR). The NIESR said the series of shocks from Brexit, Covid and Russia’s... Read Full Article...
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