Stats

Financial services firms’ confidence increases according recent survey

Confidence among financial services has increased for the remainder of 2023 despite a dip in activity during Q3, according to new survey from the Confederation of British Industry (CBI). The CBI’s financial services survey found a balance of financial services firms reporting a rise in output versus a fall was 27%. Though down from 42% […]

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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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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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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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CONSUMERS FOCUSING MORE ON COMPANY ETHICS DURING CURRENT ECONOMIC DOWNTURN

Businesses hoping to ride out the economic downturn by reducing customer service or ditching their environmental and social commitments may find themselves punished by consumers, according to new research by management consultancy Baringa.  The company polled 6,028 consumers worldwide including 1,002 in the United Kingdom. It found that just under 4 in 5 (79%) UK

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NEW FIGURES SHOW RECORD LEVELS OF EQUITY INVESTMENT IN WALES

The Development Bank of Wales has released new data that shows a 66% growth in equity investments in Wales with the figure for 2022/23 reaching £22.9 million. This is just over double from the 2021/22 figure of £11.6 million. In a challenging economic context, which saw CPI at 10.1% in the 12 months to March

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WEST MIDLANDS TOURISM ECONOMY ENJOYS POST COVID BOOST

The West Midlands welcomed 141.2 million visitors in 2022, smashing the previous record set before the covid-19 pandemic, according to newly released data. The figures represent a 38% increase on tourist numbers in 2021 and a 5% rise compared to 2019 data which was the last research to be carried out before the tourist industry

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