Tag: economy



Budget 2016 – Business Rates Cut and New Commercial Stamp Duty Rates

record breaking £23 billion income forecast
Posted on 16 March, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

George Osborne has announced that from April 2017, business rates will be getting a substantial cut, which is set to benefit small businesses going forward. The current system sees 100% relief given only to businesses that occupy property such as a... Read More

London’s West End Named Top Retail Destination in Europe

London’s West End Named Top Retail Destination in Europe
Posted on by Chris Grigorovsky under Business News, Economy, Industry News

A new 2016 Global Retail Destination Index launched today at MIPIM, has revealed London as top retail destination in Europe. Created by New West End Company and commissioned with Savills, the “Window to the world” report has ranked London’s West... Read More

SMEs Want Chancellor to Make a Simpler Tax System

SMEs Want Chancellor to Make a Simpler Tax System
Posted on 15 March, 2016 by Chris Grigorovsky under Business News, Economy

Ahead of the budget this Wednesday, a survey commissioned by accountancy firm Moore Stephens revealed that the majority of SMEs are in favour of a change to the tax system and introducing a flat rate of tax. It revealed that around 55% of SMEs are... Read More

Employees Fear Technology will Disrupt Businesses

Employees Fear Technology will Disrupt Businesses
Posted on 14 March, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

A new study has revealed that nine out of ten employees fear their businesses will be under threat over the next five years due to new technology trends. The Beyond Digital report, launched by digital experience consultancy Infomentum, found that a... Read More

Manufacturing Sector Helps Industrial Output Return to Growth in January

Manufacturing Helps Industrial Output Return to Growth in January
Posted on 11 March, 2016 by Chris Grigorovsky under Economy, Industry News

After a sharp fall in December, British industrial output saw a return to growth, helped along by an upturn in manufacturing, the Office for National Statistics reported. In the month of January, industrial output saw a weaker rise than expected, with... Read More

Overseas Investment Contributed £335m to Birmingham Office Market

Overseas investment contributed £335m to Birmingham office
Posted on 10 March, 2016 by Chris Grigorovsky under Economy, Industry News

In 2015, it was found that half of the Birmingham city centre office deals were through overseas investors, spending £335m in total. Two of the biggest deals of the year were the £131m acquisition of RBS's Brindleyplace headquarters and the £36.7m... Read More

Fears that Councils will Waste £26bn Business Rates Handover

Fears that Councils will Waste £26bn Business Rates Handover
Posted on 9 March, 2016 by Chris Grigorovsky under Business News, Economy

New research has emerged, revealing that George Osborne's plans to hand councils control of business rates will make the system worse and not boost... Read More

Small Improvement on UK Economic Growth in February

Small improvement on UK economic growth 2016
Posted on 1 March, 2016 by Chris Grigorovsky under Business News, Economy

In the three months to February, economic growth saw a small improvement compared to poor performance in January, resulting in improved expectations for the coming quarter, according to CBI's latest Growth Indicator. The survey, which comprises 790... Read More

Nearly 1 Million Fewer Retail Jobs by 2025 Says BRC

Nearly 1 Million Fewer Retail Jobs by 2025 Says BRC
Posted on 29 February, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

According to a new report published today by the British Retail Consortium (BRC), there is to be an estimated 900,000 fewer jobs in the sector by 2025. The report suggests that store closures on UK high streets and town centres could exacerbate the... Read More

Record-Breaking £23 billion Income Forecast from Business Rates in 2017

record breaking £23 billion income forecast
Posted on 18 February, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

Business rates continue to be the focus of debate in commercial property, as Councils across England have forecast 2017’s income to reach a record-breaking £23.5 billion, despite many small businesses paying no rates at all. The near £400 million... Read More