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In the press

The Manufacturer – GEEKVAPE invests over £120m in smart manufacturing centre
January 16, 2023

GEEKBAR, a vape technology brand, is taking intelligent manufacturing to new heights by investing more than £120m into setting up a futuristic production facility, as part of its growth plans in the UK and to continue to be a leading vape brand of choice amongst British retailers. The two-year-project will see some of the most

Bloomberg – Inflation And Tax Breaks Making Inequality Worse, UK Groups Say
January 16, 2023

THE divide between the richest and poorest families in the UK is being made worse by sky-high inflation and “unnecessary” tax breaks, a pair of think tanks warned. The UK’s least well-off households are significantly more pessimistic about their ability to keep spending than their wealthier counterparts, according to data from the Centre for Business

The Times – Rishi Sunak could get a £10 billion windfall from falling energy prices
January 13, 2023

Falling energy prices will give the government a windfall of nearly £10 billion before the budget and drive down inflation by a further 3 per cent, economists said. The wholesale cost of gas has fallen to levels last seen before Russia invaded Ukraine last year, meaning that household bills in June will be below the

Property Reporter – 2023 – the year for purchasers or landlords?
January 13, 2023

Capital Economics expects prices to fall by 12% through to 2024, the Centre for Economic Business Research believes that prices will fall by 8-10% during 2023, and Zoopla says that if the market falls by 5%, we will see most of the “current over-valuation reversed by December 2023” The truth is that some or none of these pricing forecasts

Reuters – Pessimism among UK consumers eases as inflation peaks, poll says
January 12, 2023

LONDON, Jan 12 (Reuters) – British consumers turned a little bit less pessimistic in December as inflation started to fall back from historic highs, a survey published on Thursday showed. Polling firm YouGov and consultancy Cebr said their overall consumer confidence index rose by 1 point from November although at 95.9 it remained stuck in

The Washington Post – Why Strike-Averse Britain Is Gripped by Industrial Action
January 12, 2023

Britain isn’t accustomed to the waves of labor unrest that can be a fact of life in countries where the right to strike is enshrined in law. Until recently, it appeared that coordinated industrial action was largely a thing of the past, thanks partly to union-busting reforms pushed through by Prime Minister Margaret Thatcher in

The Telegraph – How far house prices will fall, according to the experts
January 12, 2023

House prices are widely expected to fall this year, as soaring mortgage rates substantially cut how much buyers can borrow. But there is a wide gulf between the predictions that various property experts have issued. They range from falls of 12pc, forecast by analysts Capital Economics and Oxford Economics, to modest slumps of 1pc to

The Guardian – New energy bills support package for business is not finely targeted, but broadly reasonable
January 11, 2023

A perfect energy support package, whether for households or business, would be targeted at those most in need. That is not what the chancellor, Jeremy Hunt, delivered on Monday as he dialled down the generosity in post-March arrangements for business. The new formula is not quite one size fits all, but it’s not far off. Energy-intensive

Forbes España – El número de pymes en España crecerá en 63.000 en tres años, un aumento interanual del 0,8%, según Sage
January 11, 2023

Las pymes «resistirán» la actual incertidumbre económica y se prevé que se creen 63.000 nuevas pequeñas y medianas empresas entre 2022 y 2025, lo que supondría un crecimiento anual del 0,8%, según ha publicado Sage en su estudio ‘SMBs Driving Economy Recovery’, desarrollado en colaboración con el Centro para la Investigación Económica y de Negocios

Invest India – India’s growing strides towards 10 trillion dollar economy
January 11, 2023

India is currently a $ 3.1 trillion economy. It took India 60 years since Independence to become one trillion-dollar economy, but the next trillion dollars was added only in 7 years. The 3rd trillion was added in just 5 years in 2019. The growing momentum could see India add on average 1 trillion dollar to

Express – NHS would save more than £600m a year if half of smokers switched to vaping says report
January 10, 2023

As Brits set new year’s resolutions to go on diets or give up smoking a report has suggested that giving up traditional cigarettes for safer e-cigarettes such as vaping could boost the British economy by billions. A major report – Economic impact assessment of the vaping industry – by the Centre for Economics and Business Research (Cebr) has

The Times – Small firms ‘will rebound to turn over more than ever’
January 10, 2023

Small and mid-sized businesses will contribute more of UK business turnover by 2025 as they bounce back quickly from the expected recession, researchers have predicted. Forecasters at the Centre for Economics and Business Research analysed growth trends after the financial crisis in 2007 to 2009 and from these estimated that by 2025 the number of

This is Money – Plummeting gas prices may ease inflation and speed economic recovery, CEBR report says
January 10, 2023

Falling energy prices will ease inflation, reduce peak borrowing costs and boost economic recovery later this year, says a new report. An exceptionally warm winter in western Europe means the price of gas – now around £1.80 a therm – is lower than before Russia’s invasion of Ukraine almost a year ago.  Demand is also

The Scotsman – Edinburgh and Glasgow to be among fastest-growing UK locations as country emerges from recession in H2
January 6, 2023

Edinburgh and Glasgow are set to see their economies rank amongst the fastest growing in the UK as the country emerges from recession in the second half of this year, according to a new study. Law firm Irwin Mitchell, which has an office on Glasgow’s West Regent Street, has revealed its latest City Tracker that

Huddersfield Hub – Huddersfield Economy Amongst ‘Least Hard Hit’ By Cost-Of-Living Crisis And Return To Growth Expected In Late 2023, Says New Study
January 5, 2023

A new study has some good news for the Huddersfield economy at the start of 2023. The Irwin Mitchell City Tracker expects Huddersfield’s economy to return to growth in the second half of this year. The City Tracker study has been produced by the Centre for Economics and Business Research (Cebr) and examines 50 locations

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