Economy

We don’t need to tell you how much potential a strong joint venture can hold for the companies involved. The world is brimming with prominent examples of how lucrative they can be, from Microsoft and General Electric to Hulu, a popular video streaming service formed by NBC, Disney, News Corporation and Providence Equity Partners. But […]

Economic downturns can be particularly challenging for the manufacturing industry. However, a few strategic steps can help any manufacturing company make more out of less and save money during a recession. Invest in Technology to Aid Recession Recovery A common mistake manufacturers make going into a recession is cutting off all unnecessary investments. While it […]

With the ongoing cost-of-living crisis and urgent action required to save the planet, improving your fuel economy is more important than ever before. While electric and hybrid vehicles are built with efficiency in mind, advanced technologies come at a much steeper price point. If you drive a conventional diesel or petrol car, we’ve outlined a […]

London is the undisputed business capital of the UK, and a heavy hitter, in Europe and globally. In 2021, Visual Capitalist statistics showed it had an estimated GDP of $978 bn, second only to Paris ($984 bn), Seoul ($926 bn), Los Angeles ($1.5 tn), Tokyo ($2.0 tn) and New York ($2.4 tn). But if you’re […]

Businesses are under special pressure to find funding at the moment, as the economic outlook continues to look bleak for not only the private sector, but the nation altogether. With costs rising across the board, businesses more than ever need to consider crucial methods for cutting costs. A Disastrous Economy The need for cost-cutting arises […]

This summer season is the perfect time to start planning how you’ll make the most of your outdoor space. If you’re lucky enough to have a garden, there’s no reason not to make it a place where you can truly relax and unwind. And what could be more perfect for that than a hot tub? […]

While constructed and designed primarily to withstand the soil’s lateral pressure or hold back the material, another advantage retaining walls have in construction is enhancing structural integrity. So even if they’re not necessarily the central part of a project or building, they can still indirectly promote more stability to the structure. In this article, we’ll […]

Although there are many advantages of self-employment, one major disadvantage is not having access to a retirement plan that is sponsored by an employer, such as a traditional 401k. Luckily, there is a solo 401(k), which was specifically made for self-employed workers and has a lot of the features in an employer-sponsored plan without having […]

A credit card empowers the holder to purchase and pay for items at acceptable terms with prevailing interest rates. However, carrying the card can lead to a false sense of security as you can ring up your totals without thinking about the ramifications of your monthly budget. Soon enough, you fall into the trap of […]

Coventry is an English city with a rich history and many modern-day attractions. The historic city centre is home to Coventry Cathedral, one of the oldest Gothic cathedrals in England. It was built between 1220 and 1240 and is famous for its decorative spires, which are still visible today. The city also has several parks […]

You are finally on your way to starting your new business and excited about the prospect of having your very first office. It is indeed something to look forward to. Running your business in your own office makes it more professional, and the people who work for you can use a place where they can […]

As energy costs keep increasing, many people are considering using renewable energy sources, such as installing solar panels. Different manufacturers make solar panels; thus, they are not the same. Likewise, they have different systems, so you need to know a reliable source and a reputable installer to ensure that your system matches your energy requirements. […]

With the popularity of home improvement shows rapidly increasing, it is no wonder everyone wants to put a piece of their body and soul into their home or rental properties. Although there are many home improvement tasks you can complete alone, there are many that require a professional. Electrical testing is a broad term for […]

Getting a mortgage is a huge decision and it’s not something that should be taken lightly. If you’ve always wanted to own a home, you will most likely need to apply for a mortgage. When you get a mortgage, you are borrowing a large sum of money to buy your new home, and then making […]

As more people return to work and the daily commute, you might be in the market for a new car. But with the cost-of-living skyrocketing, that brand new Beemer you had your eye on, may be out of your reach. But shopping for a car on a budget doesn’t mean you’ll end up with an […]

Russia’s invasion of Ukraine started on 24 February 2022 and since then, global sanctions have been placed upon Russia. These sanctions have included freezing Russia’s central bank’s assets, banning Russian energy imports, and freezing the assets of high-level Russian officials. As a result, the list of companies leaving Russia has risen dramatically. Global legal firms, […]

Cars are without a doubt one of the most popular modes of transport in the whole of the UK. There are currently around 32 million registered cars on the UK roads which comes as no surprise due to the benefits you get from driving. With more efficiency, comfort, and privacy, there are few negatives to […]

Are you looking to improve the cash flow of your business? Nothing is more important than cash flow to a business’s success and issues in this area are one of the most common reasons why a business fails. Fortunately, there are always steps that you can take to improve cash flow in your business. Cash […]

Getting the compensation you deserve is always a daunting task, especially for a personal injury case. After an accident, most people think about how much they need to get in terms of compensation. The average settlement for slip and fall case ranges between $15,000 to $45,000. However, the melody may sound sweet, but the process […]

Professional indemnity insurance is designed to protect businesses from any claims of faulty or inadequate services as a result of work they have done. The reasoning behind claims can vary from job to job but most commonly it is a claim against a mistake the business has made or if a client has suffered a […]

According to the very latest statistics, almost one-in-five new businesses fail in the UK each and every year. This shouldn’t deter you from launching your own venture, however, not least because around 80% of businesses survive beyond the first year and lay the foundations for more sustained success. In this post, we’ll explore this concept […]

If you’re interested in taking out a monthly mobile contract in the UK, you’ll typically need to undergo and pass a credit check. However, as a result of this requirement, it isn’t always possible for everyone to get a phone contract as you need to be over 18 and have a good UK credit history […]

When you’re a young married couple, homeowner, or a young parent, that value of life insurance is pretty straightforward. As a young person, you can expect low premiums and vast options to choose from. Should you, unfortunately, pass on unexpectedly, your family and kids will be in an excellent financial position to take care of […]

As a result of the lockdowns imposed in the UK to restrict the spread of the COVID-19 virus, socio-economic chaos has ensued. Inducing the greatest global recession since the Great Depression, the virus resulted in -20.4% economic growth in the second quarter of 2020 as much of the secondary and tertiary sectors came to an […]

Snus is one of the most famous tobacco products that is found in the world market, though the entry of these tobacco pouches into the market has been received with a lot of controversy. Snus originated from Sweden, and it is a moist, smokeless tobacco product that is chewed or snuff. Although it has been […]

Never heard of seasteading? Don’t worry, you’re not the only one. Indeed, few people are aware of this phenomenon that could potentially be huge in the years ahead. It is the perfect time to learn about the concept, as the embryonic industry is ripe for investment and has limitless scaling potential. As the world’s population […]

When it comes to iGaming, the UK is at the top of the list when it comes to where it is most popular. Based on data, the UK locals would spend billions of dollars on gambling each year. Between October 2017 to September 2018, the Gross Gambling Yield of GGY in the UK hit an […]

Many industries were greatly affected by the pandemic that remains to be the problem of many countries. The threat of the 2019 Coronavirus has taken its toll on the economy of many countries since March. This was when the virus became prominent in many areas and when the World Health Organization declared it as a […]

The Centre for Economics and Business Research (CEBR) has shown that during the covid-19 lockdown, the economy has declined by 31%. Some experts are predicting steep declines in the value of houses – knocking off more than £30,000 of the average house price as a long term economic result of the pandemic. Source (Statista) The […]

The 2019 coronavirus has impacted a lot of industries in the United Kingdom. The sports industry was greatly affected by this, and since March, many major sports events have been cancelled or postponed. Since this is the case, the sports betting market — not just in the UK but also around the world — has […]

The UK has always been a big market for the iGaming industry. Be it for betting, casino gaming, lotteries, and online gaming, the UK locals are simply willing to spend money on any of these. In fact, the UK gaming industry is now worth over 14 billion pounds. This means that the people of the […]

If there is one thing every business owner knows, it’s hard work. You put your blood, sweat, and tears into building your business, and the success you earned started to come your way. Today, business owners face a high degree of uncertainty. One way that small businesses can adapt, is to turn their attention from […]

Many people get their news about cryptocurrency by searching for it and clicking the first site that pops up, assuming the news doesn’t find them first. While there are generally some good options available at the top of the search engine results, here are the 12 best cryptocurrency news websites in 2020 that you can […]

Singapore has been in the headlines for all the wrong reasons of late, primarily because of its proximity and business links to China and the fall-out from the devastating Coronavirus (which has now claimed the lives of more than 2,500 residents in China). However, Singapore leaders recently came out in solidarity with the Chinese people […]

If you are unsure about the impact of property development finance on your development projects, this article is for you. What Is Property Development Finance? Property development finance is the large-scale funding of property projects such as office block construction, new residential housing projects, or the conversion of an existing building into individual residential units. […]

2020 is now here and that means all businesses within the UK will be eagerly looking ahead. While it is always hard to predict what may happen in the business sector over the next 12 months, it is certainly worth trying to hazard an educated guess. Doing so will help you plan your business strategically […]

Worried about your cash situation for 2020? You’re not alone. The truth is that while most of us desperately want to spend less and save more money, finding a reliable way to keep our financial situation under wraps isn’t easy. Every year, it seems like the prices of the essentials that we rely on go […]

You might have had an exhausting and fruitless past year, but that should not last long. Perhaps you were stuck in a bad relationship, a messy social life, or a flopped business. Whatever it is, you can grow out of these failures. Look up, and you will find millions of suggestions on how to improve […]

Boris Johnson will most likely be celebrating this weekend, have swept to a surprisingly comfortable election victory and earned an impressive Commons majority of 74. This is the Tory’s biggest electoral mandate since Margaret Thatcher was elected for a third and final term in 1987, and it highlights just how seminal the issue of Brexit […]

There’s no doubt about it; the nature of the labour market in the UK has continued to evolve at an incredible pace since the great recession more than 10 years ago. More specifically, we’ve seen an exponential rise in the number of active freelancers during this time, with this growing demographic now a key driver […]

The year 2016 saw two momentous legislative events that would forever change European politics. In April, the European Union (EU) adopted the General Data Protection Regulation (GDPR), transforming the data regulation landscape not only in Europe, but across the world. In June, the United Kingdom (UK) voted, albeit by the thinnest of margins, to leave […]

The official deadline for the United Kingdom’s exit from the European Union is a mere fortnight away, but it seems like the relevant authorities and decision makers are no closer to figuring out how – or indeed if – the country will actually leave then. Logistics aside, it’s clear that Brexit has caused some major […]

With more and more research confirming a positive link between social media usage (Facebook) and loneliness, it is no surprise that the incidence of depression has soared over the last ten or so years. So dire is the situation, that according to a recent report by the World Health Organization, every 40 seconds someone somewhere […]

New research reveals that borrowers are paying through their noses – thousands of pounds to be precise. Why? Lenders teased new reduced interest rates but never offered them to the borrowers. In fact, some borrowers may be paying close to three times the teased rates advertised by several personal loan lenders. This is according to […]

Although the respective ideologies of Brexiteers and Remainers couldn’t be further apart, they surely agree that the inconclusive uncertainty of delay is the worst of all evils. Finance, investment and housing markets rely to a large extent on their ability to predict the future. Their financial and economic scenarios are often the only guide would-be […]

How do you picture your retirement? You might not have a clear idea of what it’ll look like, but a lot of people would at least agree that retirement means ‘stop working’. It turns out that for 1 in 10 Brits, retirement just means time for a new boss – themselves. According to Aviva’s Retirement […]

Manufacturing isn’t merely in an upswing — it’s actually becoming more vital than ever to the health of national economies. The sector supported 12 million U.S. workers in 2018, for a total of almost 10 percent of the nation’s workforce. Keeping up this momentum requires thoughtful and forward-thinking management, economics and politics. So let’s take […]

Optimising your shipping practices can help you to reduce your business’ expenses and improve customer satisfaction. If shipping is costing you more than you’d like, you don’t have to stay stuck with the same shipping setup. You can take numerous steps to reduce your costs. Here are 10 tips for doing so. 1. Consider All […]

As we get nearer to the Brexit date of 29 March it is important to understand the changes that will happen and how they will affect your business in order to prepare for them now. A good source of information is this government website, which advises to be aware that some actions may need to […]

In the UK, students tend to spend their first year in purpose-built student accommodation (PBSA) and their subsequent years as renters, typically in “flatshares” with friends. A combination of increasing student numbers and the need to update existing PBSA has meant that property investors have had plenty of options from which to choose and it […]

Nowadays, Venezuela is one of the most risk-focused countries in the world. Numerous errors of state policy, as well as the oil crisis of 2014, formed in the republic favourable conditions for economic, political and humanitarian collapse. Over the past two years, none of the structural problems of the republic have moved forward. Most importantly, the […]

It is becoming increasingly difficult for companies to build and maintain customer loyalty in today’s highly competitive environment, both in the B2B and in the B2C spheres. One of the ways to increase productivity, as well as befriend clients, is the practice of traceability. In fact, it’s becoming a true trend across various industries. In […]

The warning signs are just starting to rise to the surface, as the new digital age unfolds. With the increasing proportion of electronic payments, the number of case frauds has been mounting alongside. E-money, which was once thought to be the safer form of currency, has bred a new form of theft, far more elusive […]

The Manchester-Liverpool metropolitan area is now one of the most prolific regions in the world for global business and in a recent report it made it into the top 10 cities for foreign direct investment. According to global tech leader IBM’s annual Global Location Trends, the area pulled in the 10th highest amount of foreign […]

Since the financial crisis of 2008 it has become more difficult than ever to afford a home and get onto the property ladder as a first-time buyer. With a housing shortage also contributing to the strain it may seem as though you will need a life time of savings to put down a deposit to […]

Payment Protection Insurance, more widely known as PPI, is the biggest mis-selling scandal UK consumers have ever seen. 64 million PPI policies were sold, but many people had them automatically added alongside loans, credit cards and mortgages. To date, the banks have paid over £32 billion to consumers reclaiming their mis-sold PPI. However, individuals will […]

The South-East might fall just behind London when it comes to the total weekly cost of living, however, living comfortably also depends on many factors. Some of these include income, savings, and more. With London holding a higher median full-time gross weekly earnings figure, this puts the South-East behind London, and right at the bottom […]

GDPR, or the General Data Protection Regulation, has come into play for all UK businesses and sole traders as of May 2018 – and what this means for you, your clients and your customers is that European Union laws have upgraded how privacy protection operates across all member states. You will likely have either received […]

Doing business is not the same in all the countries. Some countries are much easier to navigate in terms of procedures. While others can be better at getting credit. There are many parameters that justify how good a country is to do business in. Every year the World Bank Group takes into account numerous factors […]

Social mobility refers to ensuring that everyone has the opportunity to build up a good life for themselves, irrespective of their family background. In a socially mobile society, every individual has a fair chance of reaching their potential. In today’s Britain, however, the landscape looks entirely different – where you start from has a big […]

A circular economy is a developmental system that aims to preserve and improve natural capital, reduce waste and emissions, and keep materials and products at their highest value. Some companies have already embraced the opportunity to use the circular model through long-lasting design, maintenance, reuse and repair, remanufacturing and recycling techniques. After more than 2 […]

The financial sector is another industry where most of the business is conducted by men. Do not get me wrong, there is a significant percentage of women being employed by banks, but the major issue arises when we talk about senior positions in the financial sector. Being dominated for a long time by male directors […]

  In June 2016, the British public made a momentous decision to leave the EU. It was a move no one had anticipated or prepared for. In the wake of the decision, publishers reported quadrupled sales of their British citizenship textbooks as EU nationals scrambled to retain their right to stay in the UK. It’s […]

From globalization to glocalization: now the individual keeps the wheels of economy rolling Back in the 1980s, the concept of glocalization was born in Japan as a conscious development strategy. The term “glocalization” is mainly the merger of “globalization” and “localization”, which have opposite meanings. However, although global and local are contradictory words, they may be […]

  The Bank of England, which is responsible for maintaining monetary stability in the United Kingdom by adjusting its base interest rate in order to meet inflation targets, has kept the rate at a record low of 0.5% since the height of the global financial crisis in 2008. The markets had been expecting the United […]

The Truth Behind a Rise in Affordable Housing in England According to Theguardian.com, it seems that the housing situation in England has improved in favour of the middle class population. But is it really like that? In 2014-2015 66,000 of new houses were built, which are said to be affordable. That is a 55% rise […]

The British service sector slows down its growth in September to value last seen in 2.5 years. Financial data and survey firm Markit delivers troubling news from the service sector as last month it marked its lowest growth rate since April 2013. The purchasing manager’s index (PMI) for the headline sector fell closer to stagnation (50) […]

Who Made it to the Shortlist of the Great British Entrepreneur Awards? In the past years, the popularity of small businesses that achieved immense success has risen abruptly. Some years ago, people mostly talked about big, long-established brands, which had their million admirers and loyal customers. Classic example, Coca-Cola. However, the trend has changed, giving […]

Are The Minions Ready To Break Box Office Records? The Minions are back. After the world premiere in London now every country is waiting for them. There is no doubt that the yellow small fellows created a lot of attention in the last few years. They became so popular that people can see them in […]

Her Majesty Queen Elizabeth II Calls For European Unity 50 Years After Her First State Visit In Germany Her Majesty Queen Elizabeth II is currently in Germany for a state visit 50 years after her first state visit in the country in 1965. This is the Queen’s seventh time in Germany after four state visits and […]

The Low Fare Airline Is Struggling In The Danish Market Ryanair is the world’s top airline in terms of international traffic, with over 86 million passengers carried in 2014 according to estimates of IATA. However, the airline’s reputation is not consistent with its success in such numbers, as Ryanair is frequently flagged for deceiving consumers, […]

Instant Coffee Booming the Market According to the British Coffee Association, over 70 million cups of coffee are consumed daily in the UK. Additionally, two thirds of consumers buy coffee and other hot drinks out of home, in coffee shops or coffee-to-go. This proportion is even higher if we take only the youger generation aged […]

Seeds&Chips: the first international exhibition dedicated to digital innovation in the agriculture, food & wine industry to take place in Milan. Seeds&Chips is the first international exhibition dedicated to companies and digital startups that are bringing innovation in the agriculture, food & wine industry. Seeds&Chips will take place in Milan, Italy from Thursday 26 March […]

Data from the Office for National Statistics reveals that since financial crisis, bonuses will top £100bn by the end of financial year. The Robin Hood Tax campaign reveals alarming figures for the financial sector. Bonuses are out of control. By March, and since October 2007, Banks and insurers will have given £100bn in bonuses. Only […]

Recent numbers show that just a few support this idea, despite widespread frustration at excessive regulation. To the surprise of some, a recent poll among executive directors and chairmen at the UK’s 500 biggest companies has shown business leaders publicly backing Britain’s membership of the EU. They fear that the contrary situation would turn into […]

The UK treasury has revealed a new deal with major banks for fee-free basic bank accounts. These are aimed at helping thousands of people with poor credit history, who are often unable to open a regular current account. The UK deal is in place ahead of EU legislation set for 2016, when a  European directive […]

According to a major news report, the current university funding system is unsustainable. There is a high number of students who will never be able to afford student loan repayments after graduating.   The level of student debt is high, particularly in comparison with the average salary graduates receive  in respectable public sector professions. The Higher Education Commission […]

The latest information shows that workers from Romania and Bulgaria filled one in 14 additional jobs created. In fact, 115,000 people found a job in the three months leading up to September. This has doubled in comparison with last year. Romanians and Bulgarians Conquer the UK This Year Record numbers of Romanians and Bulgarians have taken jobs in […]

German discount supermarket chain Aldi confirms plans of growing popularity by doubling the number of stores in a £600m investment. A proposed £600m investment was confirmed when the Prime Minister visited its UK headquarters in Warwickshire. The investment will include a doubling of its store number to 1,000 by 2022. Aldi opened 42 stores last year and is […]

There is one hot topic in the UK right now: insane property prices, both in terms of buying and renting. Housing prices have been on the rise for many years. People with average incomes, who purchased houses for a few hundred thousand pounds in marginal areas, such as London’s East End during the mid 2000s have suddenly found […]

In 2014, countries are still paying off debt from World War One. The UK government has finally decided to pay off the last part of the nation’s First World War debt. The Chancellor has announced redemption of bonds, some of which stretch back to the eighteenth century. As well as war bonds, some of the […]

According to Legatum Institute’s 2014 Prosperity Index, the UK is one of the most prosperous countries in the EU. Legatum Institute’s 2014 Prosperity Index Legatum Institute’s 2014 Prosperity Index measures a selection of eight categories which reveal how nations perform both economically and in vital areas such as healthcare, education, safety, security, personal freedom and entrepreneurship. […]

Recent research carried out by international real estate adviser, Savills, reveals the most expensive cities to buy new property and for companies to locate their employees. It comes as no surprise that London is top of the list. For the first time London overtakes Hong Kong regarding property prices An average prime residential new-build currently costs £2000 per […]

Minutes of the October Bank of England Monetary Policy Committee meeting showed the majority voting to leave rates unchanged at the historic low of 0.5%. Last BoE Meeting October 7-8 According to the last BoE’s Monetary Policy Committee (MPC) meeting October 7-8, the Bank believed the amount of spare capacity in Britain’s economy was reduced […]

Workers in the UK face a financial shock in retirement, although Brits are still expected to receive decent pensions once they retire. The UK state pension is typically just a third of the average working income. In other countries the state pension varies from 60 to 100% of the average wage. Moreover, the UK has a […]

The prime minister, David Cameron, announces “great news”: unemployment is down by 538,000, with over 30 million Brits now in work.   The UK has witnessed the biggest drop in unemployment since records began, with unemployment figures below 2 million for the first time since the recession started in 2008. Now, only 6% of Brits […]