Business leaders more optimistic about their own enterprises.
Current Affairs
Private sector continues to decline
Businesses expect downward trend to persist in 2024.
Retail downturn persists
CBI survey reveals eighth consecutive monthly sales decline.
Overseas property register reaches 30,000
Milestone figure reached following register’s 2022 launch.
Government borrowing surpasses expectations
Borrowing reached £14.3 billion.
Inflation drops by more than expected in November
November inflation figure hits 26-month low of 3.9%.
SME lending declines
UK Finance’s business finance review reveals notable decline.
Surge in UK company insolvencies
Registered company insolvencies experience a 21% increase.
Bank rate remains unchanged at 5.25%
BoE MPC vote to maintain current rate by 6-3.
UK wage growth slows, job market stalls
Despite slowdown, wage growth still outpaces inflation.
UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.
House prices expected to dip by 1% in 2024
Rightmove advises sellers to be mindful of pricing strategies.
UK economy faces stagnation until 2025
Multiple challenges contributing to subdued growth.
FSB joins forces with BoE to safeguard SMEs against counterfeit notes
Cash payments set to surge over the Christmas period.
One in four Brits borrow money over Christmas.
Brits set to borrow £14 million this festive season.
Passion, positivity and perfectionism
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