New data from IHS Markit suggests that British households have become increasingly pessimistic regarding the long-term economic prospects following last year’s vote to leave the EU. The March poll, conducted by Ipsos MORI, showed the proportion of people expecting the UK economy to fare better over the next ten years falling to 29%, down from…

The UK manufacturing sector remained solid at the end of the first quarter of 2017, with the Markit/CIPS Purchasing Managers’ Index. recording 54.2 in March (54.5 in February) having remained above the neutral mark of 50.0 for the eighth successive month. The latest PMI reading compared favourably to its long-run trend (51.6) although sector data…

Britain’s smallest companies have scaled back plans to invest in their businesses, according to the latest Lloyds Bank Business in Britain research. Companies with a turnover of less than £1 million expect to invest an average of £21,690 in their businesses in the next six months – a fall of 74% since July, when firms…

A significant proportion of small businesses across the UK are preparing to reduce investment and staff costs once business rates rise next month, according to a new survey from the Federation of Small Businesses (FSB). The research finds that more than a third of small firms expect to see their business rates increase from 1st…

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