uk economy

Business leader confidence in economy falls

2nd December 2024 Commercial Credit Management | #uk economy

Business leaders’ confidence in the prospects for the UK economy fell to levels not seen since the pandemic during November, according to analysis by the Institute of Directors (IoD). The institute’s Economic Confidence index fell to -65 in November, down from -52 during October. This marks the fourth consecutive monthly fall and is the second…

Two thirds of financial services leaders more optimistic under new government

16th July 2024 Commercial Credit Management | #uk economy

Two thirds (67%) of financial services leaders are more positive about the sector’s future growth under the new government, according to KPMG’s latest UK Financial Services Sentiment Survey. The quarterly poll, which was conducted after the General Election, tracks sentiment among over 150 leaders working across banking, insurance, asset and wealth and private equity. It…

Economy expands by 0.4% in May – industry reaction

12th July 2024 Commercial Credit Management | #uk economy

Latest data from the Office for National Statistics (ONS) has shown that the UK economy grew faster than expected in May, expanding by 0.4% after seeing zero growth in April. This came as the services sector, which covers businesses such as shops, bars and restaurants, grew by 0.3%, while the construction sector jumped by 1.9%.…

Food prices predicted to overtake energy in driving inflation

22nd May 2023 Consumer Collections | #uk economy

The rising cost of food will overtake the price of energy as the driving force behind inflation over the summer, hitting poorer households the hardest, according to a forecast by the Resolution Foundation. The Foundation says that the cost of living crisis is often thought of as a cost of energy crisis. That is an…

Business confidence rises as economic prospects brighten

3rd May 2023 Commercial Credit Management | #business confidence #uk economy

A survey by the Institute of Directors (IoD) has revealed an increase in business confidence in April, rising from -13 in March and a low of -64 in November to -5 last month. This is the fifth consecutive month in which the index value has improved, following a low of -64 in November 2022. The value…

Recovery accelerates as supply chain pressures ease

22nd February 2022 Commercial Credit Management | #uk economy

The number of UK sectors reporting output growth rose in January as supply conditions improved, according to the latest Lloyds Bank UK Recovery Tracker. However, businesses continued to face significant cost inflation, which translated into a record uptick in selling prices among service sector firms. The number of UK sectors monitored by the Tracker reporting…

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