Economy

196-210 of 215 Articles
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The Bank of England’s Monetary Policy Committee (MPC) has announced an interest rate hike of 0.5% today in the face of rising inflation. At its meeting ending on 3 August 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.5 percentage points, to 1.75%. One member preferre

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A report has revealed that the over-50s are being hit hardest by the current financial crisis and could face a lifetime of financial insecurity. According to the report, economic inactivity rates have risen a third amongst the over 50s since 2019, and people aged 50-54 face double the financial vuln

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Consumer confidence has fallen for the forth consecutive quarter, reveals Deloitte. The rising cost of living has forced UK consumer confidence to a record low of -19% in Q2 2022, according to Deloitte’s latest Consumer Tracker, as rising inflation and subsequent price increases tighten the sq

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The rate of credit card borrowing has reached 12.5%, the highest annual growth rate since 2005.  Figures in the Bank of England's Money and Credit June 2022 report show that individuals borrowed an additional £1.8 billion in consumer credit in June, on net, following £0.9 billi

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Fast-growth businesses in Scotland attracted over half a billion pounds of venture capital (VC) investment in the first half of 2022, according to the latest figures from KPMG UK. Despite investors becoming more cautious globally, there were 45 investments completed in Q2 2022, raising over &po

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Business confidence in Scotland fell 11 points during July to 16%, according to Bank of Scotland's latest Business Barometer survey. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 17 points at 32%. When taken alongside their optimism in the econo

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Deloitte has warned of high expectations of a recession occurring within the next year as surveyed industry leaders brace for economic downturn. Amid rising inflation and intensifying economic headwinds, finance leaders assign a 63% probability to experiencing a recession within the next year, accor

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Small firms are encountering widespread problems in their dealings with the insurance market, amid rising premium costs, a new report has found. FSB’s new publication looks into the price of insurance and whether the products on offer are suitable for small business customers.

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RSM has warned of the effects growing supply chain issues are having on middle market businesses. Well over a third (39%) of middle market businesses* have experienced supply chain issues within the past 12 months, and this likely represents the tip of the iceberg as disruption looks set to continue

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As the quarterly confidence index falls to level not seen outside pandemic-induced restrictions, the Federation of Small Businesses (FSB) has urged leadership candidates to show pro-enterprise credentials. Surging operating costs, a high tax burden and struggles to fill vacancies are threatening the

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Rapid reform is required as more than three quarters of firms are struggling to recruit new staff, says the British Chambers of Commerce (BCC). New data released by the BCC show that the construction, manufacturing and hospitality sectors are facing the most severe shortages and firms’ re

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A study has revealed that millions of adults have no savings to fall back on as they have already been used up to pay for essential items rising in price. The study by Scottish Friendly and the Centre for Economics and Business Research (CEBR) found that one in six (16%) adults have used all their s

196-210 of 215 Articles
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