New Prime Minister should ‘incentivise business investment’

A number of business groups have set out their wishlists for policy changes to be put in place by the new Prime Minister. Boris Johnson became Prime Minister on 24 July 2019, and has made several changes to cabinet roles. This included the appointment of Sajid Javid...

OBR: no-deal Brexit could cost £30bn in public borrowing

A no-deal Brexit could increase public borrowing by £30 billion a year compared to leaving the EU with a deal, according to a report from the Office for Budget Responsibility (OBR). This is based on the assumption that a no-deal scenario could cause a recession, as...

Unemployment falls to 3.8%

The unemployment rate in the UK has fallen to its lowest rate in nearly 45 years, at 3.8%. Figures from the Office for National Statistics show that from January to March 2019, an estimated 1.3 million people were unemployed, while 37.2m were in employment. The last...

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...