819,000 jobs lost in COVID-19 pandemic

The number of people in payrolled employment has decreased by 819,000 since the start of the COVID-19 pandemic, recent figures from the Office for National Statistics (ONS) show.The ONS revealed that in the three months to October 2020, unemployment rates were...

Firms to face uncertainty as Brexit talks continue

Firms have said they face ongoing uncertainty in the coming weeks as Brexit negotiations continue “past the 11th hour”.The UK and EU agreed to continue post-Brexit negotiations after Boris Johnson and European Commission President Ursula von der Leyen discussed “major...

Exporting SMEs get funding boost

UK Export Finance (UKEF) has launched a new scheme which aims to free up funds for exporting SMEs to cover the costs of international trade.The scheme allows UKEF, the UK’s export credit agency, to provide a partial guarantee to lenders of up 80% of credit risk on...

UK economic growth stalls again

The UK economy slowed in October as tighter lockdown restrictions took hold, following a resurgence of COVID-19 cases and subsequent restrictions. Figures from the Office for National Statistics (ONS) showed that UK GDP grew by just 0.4% in October, the sixth...

BCC: ‘Firms lack details on Brexit changes’

The British Chambers of Commerce (BCC) says UK firms are being left with unanswered questions less than a month before the Brexit transition period ends.The organisation found that firms still have ‘insufficient’ information about 24 critical areas, not allowing them...