In the first half of 2023, the UK economy has demonstrated a greater resilience than initially expected, and is set to steer clear of a recession, according to the CBI's most recent economic forecast. With a GDP growth of 0.4% anticipated over 2023, set to escalate to 1.8% in 2024, these figures mar
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New data has shown Scotland is making some progress, but still falling short on leading indicators of productivity. Looking at key productivity indicators including business investment, job vacancies and sick leave, the fourth annual edition of the CBI-KPMG Scottish Productivity Index meas
Sentiment among financial services recovered in the three months to December (+10% from -55% in September), despite gloomy expectations for activity in the quarter ahead, according to the latest CBI/PwC financial services survey.
Private sector growth eased from 21% to 12% in the three months to January, according to the latest CBI Growth Indicator.
Financial services firms in the UK are planning to boost IT spending to tighten up their cybersecurity, according to new data from PwC UK and the CBI. The latest results from the CBI/PwC Financial Services Survey 2021 show that 70% of firms plan to invest more over the next 12 months. This is almost
Tony Danker, CBI director-general, has outlined the findings from a new, landmark economic plan seeking to establish a competitive, dynamic and future-focussed UK following the shocks of Brexit and Covid-19 and in the run-up to COP26 in Glasgow. Seize the moment: how can business transform the UK ec
The UK's manufacturing sector lost its momentum in the first quarter of this year, as the nationwide lockdowns continued to take effect, according to the January CBI Industrial Trends survey.
The CBI has called for more COVID-19 government help ahead of the Budget in March.
Renewed household and government spending will drive the UK’s economic recovery in 2021, but a more cautious revival in business investment means it will be the end of 2022 before GDP returns to pre-pandemic levels, according to the Confederation of British Industry (CBI).
Scotland's decades-long struggle with sluggish productivity is holding back its economic potential, a new report from the CBI and KPMG warns.
The Confederation of British Industry (CBI) is urging the UK Government to act now and use this Spending Round to lay the groundwork for the UK’s long-term future. The business group said the COVID crisis makes it even more important that the Government takes key decisions and implements its
In yesterday's summer economic statement, chancellor Rishi Sunak announced a number of measures aimed at supporting the UK economy in the wake of the coronavirus pandemic, such measures include a temporary 5% VAT cut for the food and hospitality industry. The cut marks a significant reduction from t
UK companies do not have the resilience or resources to handle a no-deal Brexit after the onslaught of the coronavirus crisis, according to Carolyn Fairbairn, the outgoing boss of industry body the CBI. Ms Fairbairn said a CBI member had likened a no-deal to "setting the shed on fire" while the hous
SME manufacturing output fell at the quickest pace in over a decade in the quarter to April, according to the latest CBI SME Trends Survey.
The latest research from CBI has highlighted that the UK private sector is experiencing a significant downturn as businesses and professional services experienced the sharpest fall since 2009.