The unemployment rate in the UK has fallen to its lowest rate in nearly 45 years, at 3.8%. Figures from the Office for National Statistics show that from January to March 2019, an estimated 1.3 million people were unemployed, while 37.2m were in employment. The last...
Increases in the state pension age are believed to be partially responsible for the UK's employment rate reaching its highest rate since records began in 1971. According to the Office for National Statistics (ONS), the employment rate in the UK reached 76.1% between...
Businesses in retail and hospitality risk being left behind by the Government's Industrial Strategy, according to a report by the Business, Energy and Industrial Strategy (BEIS) committee. The committee said that while the Industrial Strategy has focused on support...
Businesses that import goods from Europe will not have to make immediate declarations to customs in the event of a no-deal Brexit, the Government has revealed. The new guidance from HMRC claims importers will file a simplified online form up to two hours before a...
The Bank of England has downgraded its growth forecast, predicting the most sluggish year in the UK economy since 2009. It expects GDP growth of 1.2% in 2019 - down from the forecast of 1.7% made in November 2018 - citing the impact of Brexit uncertainty and a slowing...
