#uk-economy

#uk-economy

Chancellor Rachel Reeves may reform the UK's Low Value Imports rules, impacting prices for consumers but potentially benefiting UK retailers.

Company insolvencies decreased by 2% in March but remain higher than last year, particularly affecting the construction sector.

Kemi Badenoch prioritizes culture war over pressing economic concerns, particularly focusing on gender issues.

90% of UK SMEs reported growth in 2024 and are optimistic about performance in 2025 despite economic uncertainties.

The West Midlands has the highest rate of business closures in the UK, significantly affected by economic pressures.

UK charity shops are increasingly selling online to adapt to changing consumer habits and economic pressures.

UK business groups urge urgent changes to the Employment Rights Bill to prevent damage to growth and employment.

The pet services industry has experienced significant growth since the COVID-19 pandemic, with a notable rise in adoption of services.

UK GDP growth unexpectedly expanded by 0.5% in February, much higher than forecasts.

The Wigan glass factory faces closure, threatening 250 jobs due to competitive pressures and high costs.

Business sentiment is weak with taxation as the primary concern among UK firms.

Inflation concerns have increased significantly, indicating rising worries about overall economic stability.

Retail investors largely oppose changes to cash ISAs and believe reforms won't stimulate stock market investment.

UK economic data's credibility is in question due to the ONS's declining response rates and subsequent reliability concerns.

Food inflation in the UK rose to 3.5% in March, driven by increased spending on Easter confectionery, highlighting shopper demand amid economic pressures.

Most UK SMEs involved in innovation do not claim R&D tax relief, missing significant financial benefits.

UK night-time economy coalition urges for immediate government aid to avert business closures due to rising costs and declining consumer spending.

Brexit significantly harms the UK economy, contributing to an estimated GDP loss of 5% and a substantial drop in trade with the EU.