Economy

85% of young people feel they have to move for opportunities

Research from the Social Mobility Foundation shows that 85% of young people between 16 and 18 feel they have to move for better job opportunities, despite having desirable tech skills. School leavers believe that staying in their area is not an option, with over 80% saying they need to move to get better opportunities. This […]

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Businesses are in the dark over regulatory avalanche for EU trade

New research by the BCC has uncovered that the vast majority of businesses are unaware and unprepared for a swathe of fast approaching changes in EU/UK regulations.  When asked about their knowledge of a number of changes coming down the track, the survey of more than 700 firms found:  84% of manufacturers do not know

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BCC outlines three key fixes needed for SME Finance

The British Chamber of Commerce (BCC) has called for action to improve the availability of finance for SMEs as accessibility; awareness and a lack of competition continue to hold firms back.   In written evidence submitted to the Treasury Select Committee, the BCC said many smaller firms are no longer seeking finance as they consider it

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Northern Irish employers looking to entice workers back into the office

The latest survey by global recruitment firm, Hays has found that almost a third of employers in Northern Ireland are planning to change their hybrid working model and will ask staff to come into the office more regularly over the next year. In their annual “What Workers Want” survey, which received 8,853 responses including 382

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Employers piling more resources into employee benefits in attempt to stay ahead of competitors

Benefits Provider, Zest reveals that employers in the UK are increasing investment in employee benefits packages as they attempt to gain a competitive edge in the race for talent. Nearly half (48%) of employers say they have boosted investment in their benefits package over the last 12 months in response to the changes in the

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Only 2% of VC Funding goes to female and ethnic minority founded businesses

The Treasury Committee is challenging the lack of diversity in the venture capital industry as only 2% of funding goes toward female founded and ethnic minority businesses, according to new report. The Committee also found that 80% of investments went to the “Golden Triangle” of London, Oxford and Cambridge, with the capital receiving almost half

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British Business Bank forms partnership to drive female angel investment

The British Business Bank is working with Scotland’s women-led angel investment syndicate, Mint Ventures to improve access to finance for female business owners and to grow the pool of women angel investors. With support from the Bank, Mint Ventures is raising awareness of the opportunities available to female investors and highlighting the potential barriers that

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Company insolvencies increase again as “perfect storm” of pressures hits businesses

Company insolvencies continue to creep up in England and Wales, according to analysis of new Insolvency Service data by the Corporate Recovery team at Xeinadin Group (“Xeinadin”), one of the leading professional services groups in the UK and Ireland. There were 2,163 company insolvencies in June, up 27% on June 2022. Overall, in Q2 there

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Birmingham businesses optimistic following upturn in sales and orders

A new economic report reveals Greater Birmingham businesses are showing signs of recovery thanks to a significant upturn in domestic sales and orders. According to the latest Quarterly Business Report from Greater Birmingham Chambers of Commerce, firms across the region “remain upbeat and optimistic about the opportunities ahead” despite the pressures of inflation, interest rate

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