Increasing state pension age fuels jobs market growth

Increases in the state pension age are believed to be partially responsible for the UK's employment rate reaching its highest rate since records began in 1971. According to the Office for National Statistics (ONS), the employment rate in the UK reached 76.1% between...

‘Positive action’ needed for retail and hospitality

Businesses in retail and hospitality risk being left behind by the Government's Industrial Strategy, according to a report by the Business, Energy and Industrial Strategy (BEIS) committee. The committee said that while the Industrial Strategy has focused on support...

BoE forecasts slow growth for 2019

The Bank of England has downgraded its growth forecast, predicting the most sluggish year in the UK economy since 2009. It expects GDP growth of 1.2% in 2019 - down from the forecast of 1.7% made in November 2018 - citing the impact of Brexit uncertainty and a slowing...

More firms prepare for no-deal Brexit

Businesses are still bracing themselves for a no-deal Brexit, despite a parliamentary vote against this outcome. On 29 January 2019, MPs voted to rule out leaving the EU without a deal, and in favour of renegotiating the proposed withdrawal agreement. The UK is...