Business Confidence Looks Set to Improve

The latest ICAEW/Grant Thornton UK Business Confidence Monitor (BCM) has shown the welcome news that business confidence looks set to improve in the second quarter of 2013, with the latest figure currently standing at +16.7. The increase follows on from the the previous figure of +12.8, which was reported back in Q1 2013. The Confidence…

New Minimum Wage Announced

The government have decided that the national minimum wage is to rise by 12p an hour to £6.31 for adults and by 5p to £5.03 for 18-to-20-year-olds from October, business secretary Vince Cable revealed today. The changes come on the recommendation of the Low Pay Commission, where it was also announced that apprentices will also…

The UK Economy Triple Dip Fears

You may have seen the recent the news that there has been a 1.5% fall in manufacturing output in January. It’s our opinion that there is more bad news to come, especially when these figures feed directly into the first estimate of UK gross domestic product – a way of determining whether Britain is back…

Conflicting News on the UK Economy

The UK looks set to avoid a triple-dip recession according to new findings from a report published by The Institute of Chartered Accountants in England & Wales/Grant Thornton UK Business Confidence Monitor (BCM). The report suggests that Business Confidence is at its highest level since the second quarter of 2011, and it is hoped growth…