Employers have been facing new challenges trying to fill their staff vacancies, as growth slowed to a six-month low in August. A shortage of staff, pingedemic workforce disruption and disturbances to the supply chain have hampered UK businesses, forcing growth to slow down to the lowest rate in half a year. The Covid pandemic and Brexit have both contributed to the current National workforce shortage,...
HM Treasury is in overdrive trying to solve the soaring national deficit whilst navigating the treacherous economic climate, resulting from the pandemic. So far the economy appears to be recovering faster than expected, albeit with scars. Yet figures seem to consistently beat the predictions made by official forecasts, which is a pattern we can see repeated throughout the Bounce Back in the UK Economy. Bounce...
Welcome to the May 2021 News Update from Prestige Business Management May 2021 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Hospitality Sector Bounce Back Business Surge Since restrictions on the hospitality sector were relaxed further this month, pubs and restaurants have seen a surge in business, topping even pre-pandemic...
Data for January 2021 was the first to show trade after the transition period ended on 31 December 2020. While some of the fluctuations in trade with continental Europe is due to the effects of the Covid pandemic, the BCC said many firms blame the brexit trade deal for shipping delays, increased cost of transporting goods and extensive new paperwork requirements. Overview of Post Brexit...
Boris Johnson’s Brexit trade deal ‘puts UK businesses at risk’ as 41% report fall in exports to EU. The Chambers of Commerce has called for fresh negotiations with the EU, to lower trade barriers created by the Prime Minister’s brexit trade deal. The free trade deal between the UK and European Union (EU) came into force on 1 January 2021. Brexit Trade Deal Facts According...
Now that Boris Johnson has become Prime Minister, with his Special Adviser Dominic Cummings, who ran Vote Leave, ordering civil servants to prepare for an October 31st exit from the European Union, business is starting to understand that a “no-deal” Brexit could happen. This will have a massive implication for business. However, we don’t know how microbusinesses will fare in a no-deal situation? The Government...
The uncertainty, politically, about what Brexit means continues apace as the Government fails to find any modicum of consensus for either a hard Brexit, a soft Brexit or any other kind of Brexit scenario. As the Parliamentary arithmetic remains deadlocked, this creates broader uncertainty within the country. Nowhere is this more relevant than within the offices, factories and shops that make up 60% of the...
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