recession

UK may already be in recession, interest rates rise by 0.5% – business industry reaction

23rd September 2022 Commercial Credit Management | #interest rates #recession

The Bank of England has raised interest rates from 1.75% to 2.25% – the highest level for 14 years and warned the UK may already be in a recession. The central bank had previously expected the economy to grow between July and September but it now believes it will shrink by 0.1%. The Bank of…

Recessionary fears pile uncertainty on businesses

20th September 2022 Commercial Credit Management | #business pressure #recession

The UK labour market is set to see an end to its 10-month streak in positive hiring intentions following a dip in productivity and growing recessionary fears according to a report from accountancy and business advisory firm, BDO. BDO’s Employment Index has seen an increase each month since October 2021, increasing 0.53 points to 115.33 in…

UK economy set for recession before year end

2nd September 2022 Commercial Credit Management | #featured #recession

The British Chambers of Commerce (BCC) says that it expects the UK economy to plunge into recession before the end of 2022, with inflation spiking to 14% and lingering weakness in growth expected to continue into 2024. In the short term, the BCC is now forecasting a recession for the UK economy with three consecutive…

UK investors brace for recession

25th August 2022 Commercial Collections and Recoveries | #recession

A survey of 885 UK-based retail investors has revealed how investors are managing their portfolios in light of high inflation, low growth, subsequent recession risks and the Conservative leadership contest new research commissioned by HYCM has found. The survey found that the majority (62%) of investors believe the UK will enter a recession before the…

SMEs concerned about recession risk as demand for finance rises

1st August 2022 Alternative Business Lending | #recession

Small business owners are concerned about the possibility of a recession, according to iwoca’s latest quarterly SME Expert Index. With both the cost of living and of doing business climbing, over three quarters of brokers surveyed (77%) say their small business clients are worried about the possibility of a recession. By contrast, fewer than 7%…

Quarter of employees fear their organisation will not survive a recession

18th July 2022 Commercial Collections and Recoveries | #recession

New data from HR, payroll and finance expert MHR reveals eight in ten (78%) employees believe the UK is heading for a recession, with nearly a quarter (23%) of poll respondents fearing their employer would not make it through one. Organisations across the UK and Ireland are tackling record inflation levels, up 7.9% in the 12 months to May…

Businesses warned that too much caution can become a catalyst for recession

22nd June 2022 Commercial Credit Management | #recession

New data from Time Finance has revealed the scale of impact on UK SMEs as the cost of doing business continues to rise, with 72% of businesses currently preparing for an imminent recession. The latest survey has seen Time Finance investigate the consequences currently being felt by UK businesses as they grapple with rising energy…

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