Our January 2018 economic statistics piece places much emphasis on the UK’s growth rate compared to that of other G7 countries – and takes a look at why the Bank of England’s interest rate hike may not have been a “one and done” affair.
Last week bean counters at the Office for National Statistics revealed economic growth continued at the end of 2016, but we shouldn’t rest on our laurels.
When it comes to economic growth, SMEs are pivotal to the future of the UK. They contribute to 60 per cent of all private sector employment in the country, according to the Federation of Small Businesses (FSB), and are often at the heart of finding new and innovative ways to work.
Despite the UK’s historic and current excellence in science, this sector’s contribution to our economy has been out of the limelight for some time. While discussions have often focused on macroeconomic issues or the tribulations of the City, British science has quietly and assiduously built the foundations for our long-term economic success.
Finding talent is still a difficult endeavour and without a strong and visible investment in recruitment, organisations will not survive in today’s competitive marketplace. However, women represent the most powerful, yet untapped talent resource we have – and are leading the pact in terms of boosting the economy.
According to recent data from the Office of National Statistics, Britain's trade deficit took a turn for the worse in the final quarter of 2015 and will continue to hinder economic growth.
With the government committed to doubling exports to £1tn by 2020, the CBI is calling for an independent, national exports commission to be established.
With Queen Elizabeth II set to become Britain’s longest-serving monarch on 9 September, it has been revealed the Monarchy is worth £57bn to the UK economy – and contributed £1.16bn in the last year.
Scottish entrepreneur Michelle Mone has stepped down from her board positions at MJM International and Ultimo Brands International, freeing her up to focus on what she has identified as “new business interests” and responsibility to promote entrepreneurship in disadvantaged areas.
Mayors and local councils are to be given new powers to relax Sunday trading laws for larger high street stores in the hopes of competing against shopping centres and online retailers, with a new government consultation eliciting feedback on the reforms.
British universities have climbed up world reputation rankings, according to the latest table published by Times Higher Education. But with the UK's recent focus on innovation, we've unveiled which of the nations universities could be deemed truly entrepreneurial and have made a contribution to the economy.
The Conservatives have pledged to increase the number of startups to 600,000 a year by 2020. With only 36 per cent of leaders believing politicians understand SMEs, the nation's business owners have set up a manifesto of their own.