The UK is set to continue its specialisation as a producer of financial, digital and business services, according to new research. Santander UK has published a report with Public First on views of the UK as a trading partner, providing a detailed analysis of key growth markets and options for a future export approach. A … Continued
AWS, Amazon’s cloud computing arm, plans to invest £8 billion over the next five years in building, operating, and maintaining data centres across the UK. This substantial commitment is aimed at bolstering the UK’s digital infrastructure, supporting over 14,000 full-time equivalent jobs each year within the AWS data centre supply chain, which includes roles in … Continued
The Recruitment and Employment Confederation (REC) has launched a ‘Voice of the Worker’ campaign to ‘champion and protect’ the UK’s temporary workforce. The UK’s temporary labour market works well for people, firms and the modern economy – with about a million temps working every day. Its success, said the REC, at bringing and retaining people … Continued
JP Morgan has revised its growth forecasts for the UK economy in the third quarter of this year, following last week’s encouraging GDP figures. The investment bank now projects 0.4 per cent growth from July to September, a slight increase from an earlier forecast of 0.3 per cent, resulting in an annualised rate of approximately 1.5 per … Continued
In a recent study conducted by Journo Research in collaboration with global fintech group Plus500, Mid Suffolk has been named the hardest-working area in the UK. The research analysed data from the Office for National Statistics, focusing on the average paid weekly working hours across all local authorities in the country. Mid Suffolk, home to … Continued
A surge in London employers’ permanent hiring intentions could be encouraging news for the UK economy, according to industry data from the Recruitment and Employment Confederation. The REC’s latest Jobs Outlook shows London employers’ intention to hire permanent staff outpacing the overall UK level that itself is also positive. The body’s net outlook, taken from … Continued
Business confidence rebounded sharply in July, a survey revealed, as firms felt a renewed sense of optimism about the UK’s economic prospects. Overall business confidence jumped by nine points to 50 per cent this month, according to Lloyds’ Business Barometer. The rebound in confidence during July brought business confidence back up to May’s level, which was the … Continued
The economy’s strong performance so far in 2024 looks set to continue thanks to the continued recovery of the manufacturing sector, a closely watched survey suggests. S&P’s purchasing managers’s index (PMI) came in at 52.7, up from 52.3 last month and slightly higher than the 52.6 expected by economists. The survey, which measures economic activity in the … Continued
The new Labour government is to introduce an Employment Rights Bill within its first 100 days as part of its plan to make work pay. Announced in the King’s Speech on Wednesday 17 July, the plan will create a new partnership between business, trade unions and working people, inviting their views on how best to put the … Continued
In the wake of Labour’s victory in the recent General Election, Logistics UK has urged the new UK Government to prioritise the logistics sector to stimulate economic growth. The industry body argues that the logistics industry is pivotal for enhancing productivity and supporting various sectors across the nation. Commenting on the change of government, David … Continued