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Articles by Edward Winterton
UK services businesses plan international push amid UK uncertainty
Brexit Technology A new report led by Lloyds Bank has revealed that half of Britain’s largest services firms are planning to take their services to new international markets in the next 12 months, as caution about the UK economy rises. Bosses of UK services businesses believe the EU continues to offer the most potential despite present uncertainty, followed by the Far East and China.
No deal is back on the table, but businesses are unprepared
Brexit Tax The UK finds itself once again in the grip of an election – although this time, it is a contest whose procedures are only open to a select few. Despite the limited numbers involved, the outcome of this decision will undoubtedly have an impact on the British public at large, and look set to have significant ramifications for our closest neighbours.
Brexit stockpiling to hit future economic growth, says BCC
Brexit The British Chambers of Commerce (BCC) has upgraded its growth expectations for the UK in 2019 to 1.3% (from 1.2%), riven by the exceptionally rapid stock-building early in the year. But the business group said the immediate boost to UK GDP is forecast to come at the cost of more subdued growth in 2020 and 2021 as the unwinding of historically-high inventory levels, coupled with weaker business investment, weigh on economic activity.
London’s financial centre status slips amid backdrop of uncertainty
Brexit In a year dominated by Brexit, trade wars and global financial volatility, Duff & Phelps’ latest Global Regulatory Outlook (GRO) report found that London is no longer perceived as the world’s preeminent financial centre. New York has taken back the title according to our report, which surveyed over 180 senior professionals in financial institutions around the world.
UK economy should weather Brexit uncertainty, says ICAEW
Brexit Britain’s economy should be able to bear the burden of continued uncertainty, even though it continues to affect business and consumer sentiment, says the ICAEW in its latest economic forecast. The accountancy body said the UK economy continues to enjoy some positives with pay growth continuing to outstrip inflation, unemployment forecast to remain very low and fiscal austerity being relaxed. Overall, the ICAEW’s 2019 growth forecast is expected to increase from 1.3% to 1.5%.
How will Brexit impact the UK’s automotive industry?
Brexit Changing regulations, evolving powertrain technologies, shifts in consumer attitudes toward car ownership, and emerging business models, have created unprecedented challenges as well as opportunities for automakers and their suppliers. Worldwide demand for automobiles is slowing after several years of growth. Automakers operating in the UK also face another problem: the disruption of supply chains and access to EU markets that could come with Brexit.
Brexit- a road to uncertainty
Brexit There are deep paradoxes lying at the heart of the Brexit debate. Understanding and resolving those is important to anybody who wishes to predict the long-term consequences of Brexit. These paradoxes are not new, but have been part and parcel of political divisions regarding the European Union since the early 1960s. Many on the left have long been suspicious of the EU, regarding it as a capitalist club.
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