general election

UK Economy Given Vote Of Confidence Less Than A Week Before General Election

UK Economy Given Vote Of Confidence Less Than A Week Before General Election

With less than one week before the general election, the UK’s economic outlook remains robust – according to a report by Dun & Bradstreet. Its UK Quarterly Industry Report has revealed that Eurostat’s Industrial Confidence Indicator stood at 9.1 in Q1 2017 – the highest level since Q2 2014. While the pound’s value experienced a modest increase after the announcement of the snap election, its value is still significantly down on pre-EU referendum levels. However, its suggested that British exporters have actually benefited from a weakened pound as foreign buyers now preserve UK products to be good value for money, with this trend expected to continue until Brexit has officially happens. Despite some positives for businesses, consumer confidence remains flat, coming in at -4.3 in March s... »

Shopping Is The Best Therapy: Consumer Confidence High Despite General Election

Shopping Is The Best Therapy: Consumer Confidence High Despite General Election

UK consumer confidence has hit high a four month high despite the political and economic uncertainty caused by the general election – according to a report by GfK. The survey of 2,000 people between 1 May and 15 May has revealed consumer morale has risen to -5 from -7, despite some predictions it would fall to as low as -8. Despite the optimism however, it’s suggested that most of the negative effects of last year’s vote to leave the European Union, such as a weakened pound and high energy costs, have yet to filter through to a majority of households. Furthermore, another report from Lloyds Bank has suggested that small businesses are a lot less optimistic than their customers, with business confidence falling sharply in May to below its long run average – despite hitting a 17-month ... »

74% of Small Businesses Don’t Believe New Late Payment Legislation Has Worked

74% of Small Businesses Don’t Believe New Late Payment Legislation Has Worked

74% of small businesses don’t believe that late payment legislation introduced earlier this year has had any effect whatsoever– according to a report by Crossflow Payments. The survey of 1,031 senior decision makers has revealed that the vast majority of UK small businesses believe the new guidelines, which force larger businesses to detail how they pay smaller suppliers, will continue to make no difference to their business. It’s suggested that the new rules could actually have an opposite affect and worsen the “late payment crisis” – as larger corporates can now expand payment terms, giving the illusion they are paying on time. It’s estimated that £266bn is currently inaccessible to small firms – with one in ten admitting payment terms have worsened since the Brexit vote. Worryingly, 78%... »

SMEs: Influence Future Policies in the Run Up to the General Election

Yesterday saw the launch of Debate2010, the UK’s largest ever state of the nation opinion forum, carried out in real-time entirely over the internet. The website is designed to facilitate debate in the run up to the General Election, allowing policy makers a unique insight into the psyche of the collective British mind. Debate2010.co.uk will run until General Election day itself and enable voters all over the UK to voice their opinions and debate thoroughly, about issues including healthcare, education, crime, the economy and foreign affairs. Of particular interest to small business owners is the Debate2010 business channel which is currently debating How can we increase investment in small businesses? and How might the ‘Cadbury’s Law’ hurt British business? UK SMEs... »