UK firms to hire more staff as Covid recovery boosts confidence July 12, 2021 UK firms to hire more staff as Covid recovery boosts confidence
UK business confidence surges to record high July 12, 2021 The approaching end of Covid restrictions on 19 July has propelled business confidence to its highest level on record, shows new research published today. Accountancy firm BDO’s latest optimism index jumped to 112.45 in June, up from 109.71, to its highest level since the survey started in 2005. The increase was the fifth consecutive month [...]
UK household wealth swells £900bn during Covid pandemic July 12, 2021 The stock of household wealth in the UK swelled by £900bn to £16.5 trillion over the course of the Covid pandemic, according to new figures published today. Research carried out by the Resolution Foundation shows middle-wealth families have experienced the biggest relative wealth rises of each household group, up 9 per cent, or £7,800, taking their average [...]
UK economic rebound slowing despite despite easing measures July 9, 2021 The UK’s economic rebound slowed sharply in May despite further easing in social-distancing measures. Watch the full report.
Euros 2020: Bank holiday, sick day or in mourning? Businesses urged to be flexible day after final July 9, 2021 There are increasing calls from business groups, unions, and the public, for employers to offer flexibility to staff for the day after the Euros 2020 final, as the Prime Minister is under pressure to announce a bank holiday if England win. “Businesses across England will recognise the momentous nature for many of the prospect of [...]
UK economy grows 0.8 per cent in May July 9, 2021 The UK economy expanded in May, but at a much slower pace than in recent months as growth stalled in retail, manufacturing and construction, new figures released today show. GDP rose 0.8 per cent in May 2021, the fourth consecutive month of growth, according to the ONS. The expansion was driven by a resurgence in [...]
Post-Brexit rebound: UK exports to EU climb rapidly July 9, 2021 UK exports to the EU have climbed sharply, defying fears that Brexit would dampen trade between the two blocs, figures published today reveal. Exports of UK goods to the EU jumped eight per cent in May, an increase of £1bn over the last month, according to the ONS. Total exports of UK goods to all [...]
Rishi Sunak calls on workers to return to the office July 9, 2021 Chancellor Rishi Sunak says Brits – especially younger workers – should return to the office as pandemic restrictions ease. The Chancellor expressed concerns that staff could lose crucial work experience while the economy returns. He said it was “really important” for younger staff especially, according to the Telegraph. Sunak admitted that working remotely and mostly [...]
Rishi Sunak calls on other G20 countries to finalise global tax deal July 9, 2021 Rishi Sunak has called on other G20 countries to “maintain momentum” over a global tax deal on the eve of a Venice summit. Sunak will meet with other G20 finance ministers and central bank governors in a bid to endorse the global tax plan that has been agreed by the G7 and the Organisation for [...]
US jobless claims jump amid severe labour shortages July 8, 2021 The number of Americans making new claims for unemployment benefits unexpectedly ticked up last week, highlighting that the US labour market recovery from Covid may not be as smooth as initially thought. Demand for workers is extremely high in the US as businesses rush to scale their workforce to cope with a surge in consumer [...]