Exporters feel upturn in international trade

Most exporters are optimistic about international trade getting back to normal in the coming months, a report has claimed. Research from the Institute of Directors (IoD) showed 63% of exporters expect the situation to improve as overseas lockdowns ease. A further 13%...

First round of SEISS grants to end next week

Applications for the first round of the Government's self-employed income support scheme (SEISS) close in little over a week. Self-employed people who have been impacted by COVID-19 have until 13 July 2020 to claim the first grant. As of 28 June 2020, around 2.6...

Businesses expect annual turnover to fall

Most businesses in the UK expect their turnover to fall over the next 12 months, according to the British Chambers of Commerce (BCC). In its Q2 2020 economic survey, the BCC polled 7,706 businesses, most of which are reeling from the impacts of the coronavirus. Sales,...

UK economy fared worse than feared in Q1

The UK economy contracted by 2.2% between January and March 2020 - 0.2% higher than official estimates for the first quarter. The Office for National Statistics (ONS) revised down its previous estimate of a 2% fall in GDP after the main economic sectors declined. Q1...

House sales fell by 50% in May 2020

Sales of residential property in May decreased sharply compared to the same time last year, as the market was impacted by coronavirus lockdown restrictions. According to statistics from HMRC, 46,230 property transactions were completed in May – 52% lower than figures...