Economy


In the Economy category you will find all the latest news concerning the economic picture and its impact on the UK commercial property market. This includes the wider effect on businesses, employment and consumers.


Business Rates Revaluation 2017 – Winners and Losers

London Oxford Street Retail Premises
Posted on 25 January, 2017 by admin under Business News, Economy

New business rates, coming into effect from April 2017, are to have dramatic impacts on businesses of all sizes and types across the UK. Business rates, also known as non-domestic rates are taxes that are chargeable on all different types of commercial... Read More

Gourmet Burger Kitchen to Join Leicester’s Highcross Shopping Centre

Gourmet Burger Kitchen burgers
Posted on 8 December, 2016 by admin under Commercial Sales and Lets, Economy

Announced by Hammerson Plc, Gourmet Burger Kitchen has become the latest addition to open at Leicester’s Highcross Shopping Centre, located in Highcross St Peter’s Square. The restaurant plans to open in the summer 2017. Gourmet Burger Kitchen,... Read More

Nationwide to Close Its Commercial Property Mortgage Lending Business

Nationwide High Street Brandh
Posted on 25 November, 2016 by admin under Business News, Economy

It has been reported that Nationwide will close its commercial property lending business as the UK’s biggest building society sees a fall in profit. Compared to its profits of £802 million in the six-month period to the end of September last year,... Read More

Launch of Victoria Gate in Leeds

Leeds Victoria Gate John Lewis Building
Posted on 27 October, 2016 by admin under Commercial Developments, Commercial Sales and Lets, Economy

Victoria Gate in Leeds, one of the major regeneration projects by the UK’s property development and investment firm, Hammerson, opened to the public last week. The new retail and leisure complex has already filled 90% of all its units, and some of the... Read More

Decline of shop vacancy rates in Hemel Hempstead

Hemel Hempstead Town Centre
Posted on 24 August, 2016 by admin under Commercial Developments, Economy

According to Dacorum Borough Council, there has been a significant decline in the number of empty shops in Hemel Hempstead town centre including Riverside, Marlowes pedestrianised area and Shopping Centre. With the town’s ongoing £30 million... Read More

Starting a Business on a Limited Budget

start a business with limited budget
Posted on 11 August, 2016 by admin under Economy

In 2015, there were 5.4 million small to medium size businesses in the UK, according to Business Statistics report. If you are looking to embrace having your own business, then you are not alone. One of the major factors that makes would-be business... Read More

GSK plans a £275m expansion in its UK sites

50 pound sterling bank notes closeup view business background
Posted on 27 July, 2016 by Steph Cowie under Business News, Economy, Industry News

The British pharmaceutical company, GlaxoSmithKline plc, still sees the UK as “an attractive location” regardless of Brexit. Chief executive Andrew Witty backed the Remain campaign, said the decision for investment was due to the UK’s skilled... Read More

London’s high house prices sees workers leaving the city

LONDON, UK - SEPTEMBER 14, 2015: Office workers going at work. Early morning hours in Canary Wharf business life
Posted on 20 July, 2016 by Steph Cowie under Business News, Economy

A recent survey released by The Federation of Small Businesses, has revealed that the housing crisis is pushing employees out of the city. This has seen a quarter of small businesses considering relocating their companies. The report also saw that 57%... Read More

Exporting is favoured among small businesses

Container Cargo freight ship with working crane bridge in shipyard at dusk for Logistic Import Export background
Posted on 14 July, 2016 by Steph Cowie under Economy

The annual report by UK Export Finance has seen that 77 per cent of the exporters that had benefited from UKEF finance and insurance, were medium size firms and small businesses. It is estimated that there are 7,000 firms in exporter supply chains... Read More

Siemens Keeps UK Investment despite Brexit Caution

Aarhus, Denmark - August 8, 2015: Siemens logo on a facade.
Siemens is a german multinational conglomerate company headquartered in Berlin and Munich. It is the largest engineering company in Europe. The principal divisions of the company are industry, e
Posted on 13 July, 2016 by Steph Cowie under Business News, Economy

Industrial giant, Siemens, has stated that the UK is still a “good place to do business” despite its previous Brexit warning. Chief Executive at Siemens, Joe Kaeser, told a selection of media groups that the German company will remain fully... Read More

Learn more about our Economy category

The economy affects us all. It can make or break Governments, prove a factor in the success or failure of a business and dramatically influence consumer confidence. Our articles focus on its impact on the commercial property market in the widest sense.

This means that we cover stories on how the economy affects the prospects of commercial property occupiers and their employees. We also carry the latest company, financial and consumer news.

So if you want to read about the latest corporate developments or keep up to date with recent openings and closures on the high street then this is the page for you.