Industry News

Government must do more to tackle business growth barriers, says FSB

More must be done to combat obstacles that are preventing businesses from growing, the Federation of Small Businesses (FSB) has stated. The FSB’s declaration comes following the recent publication of the Government’s Small Business Survey 2015, which is based on the opinions of over 15,000 small and medium-sized (SME) businesses, providing an insight into the […]

Pay growth to remain slow until end of decade, suggests CIPD

Wage growth is predicted to remain slow until the end of the decade, a survey by the Chartered Institute of Personnel and Development (CIPD) has suggested. The data, which is based on survey responses from over 1,000 businesses, indicates that pay will rise by just 1.7% during the next year, contributing to the ‘jobs-rich, pay-poor’ […]

Women affected by State Pension delays won’t be given concessions, says Minister

Women who will be adversely affected by a hike in the State Pension age may not be offered any relief, the Secretary for Work and Pensions, Stephen Crabb, has suggested. Many of those affected had hoped that they would be granted early access to their State Pension. However, Mr Crabb told MPs that a compromise […]

UK trade deficit widens to highest level since 2008, ONS figures reveal

The gap between imports and exports for the first three months of 2016 was £13.3 billion, up from £12.2 billion in the fourth quarter of 2015, according to figures from the Office for National Statistics (ONS). This means that the UK’s trade deficit for the first quarter is the biggest it has been since 2008. […]

Rate of inflation significantly higher for millennials than for pensioners, analysis suggests

New research from financial services group Fidelity International has suggested that young adults in the UK face inflation rates that are significantly higher than those for pensioners. The analysis indicates that the inflation gap is being widened due to millennials spending proportionately more on amenities that are increasing in price. The report also found that […]

Businesses should do more to prevent online fraud, says consumer group

Consumer group Which? has called for businesses to take more responsibility in protecting customers against online fraud and scams. In a survey of 2,066 UK adults, Which? found that around six in ten people said they’ve been targeted by online scams in the past 12 months, and a clear majority believed that businesses should do […]

Chancellor claims Brexit threat is ‘weighing on the economy’ as UK growth slows

Britain’s Gross Domestic Product (GDP) grew by 0.4% between January and March, down from 0.6% in the last quarter of 2015, according to figures from the Office for National Statistics (ONS). Although the three months of 2016 showed slower growth than the previous quarter, the 0.4% rate was in line with expectations, and marks the 13th […]