Weekly Digest – 01 May 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

UK businesses expand at fastest pace in 11 months, PMI survey shows

British businesses recorded their fastest growth in activity in nearly a year this month, according to preliminary purchasing managers’ data that points to a bigger rebound from last year’s shallow recession than economists had been expecting.

One hour of extra small business productivity worth £7bn to economy

A third of UK businesses still rely on old-fashioned manual methods – such as bin bags brimming with receipts and piles of paperwork – to organise and file their taxes, Sage research has found. Experts from the accounting company believe that this manual admin burden is contributing to the UK’s long-standing productivity woes.

Thousands of UK firms fighting for survival

More than half a million UK business are fighting for survival, according to an industry research published on Friday, weighed down by the weak economy.

Lowdown on Business Improvement Districts

What is a Business Improvement District? and how does it work?

Top concerns for high earners in the UK

Severe weather, economic competition, and wealth preservation are major concerns among the United Kingdom’s affluent, according to a new report by Chubb.

Business confidence hits two-year high but investment outlook remains weak

Long-term sickness is weighing down our economy

The latest Labour force data from the Office for National Statistics confirmed what many people and businesses have known for some time – that the number of workers absent due to long-term sickness across the UK has risen significantly to its highest level ever.

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.