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.


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

Record Office Take Up in Basingstoke Shows Sector’s Appeal

Record Office Take Up in Basingstoke Shows Sector's Appeal
Posted on by Chris Grigorovsky under Commercial Sales and Lets, Economy, Industry News

In the first quarter of 2016, Basingstoke has seen record office take up, which is the largest since the start of the recession, according to reports from agents Hollis Hockley. Between the period of 1 January - 31 March this year, the firm has... 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

Strong Return from Investments in London During 2015

Strong return from investments in London 2015
Posted on 4 March, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

During 2015, growth in commercial property rents across London resulted in a total return of 18.1% from investments in the capital, according to the London Markets Analysis report by Levy Real Estate and MSCI. The report, which analysed over £30bn of... Read More

Midlands’ Retail Sector Sees Landmark Year

Midlands Retail Sector Sees Landmark Year
Posted on 3 March, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

According to sector analysts, West Midlands consumers are starting to return to in-store shopping as their purchasing habits evolve. Meeting in Birmingham, representatives from BDO, Lambert Smith Hampton and the Mailbox, discuss retail sector trends... 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.