A fall in consumer spending and high inflation is slowing growth in the UK economy, according to the latest Business Trends Report by accountants and business advisers BDO LLP. The latest report suggests that rising inflation, coupled with stagnating wage growth, is causing a sharp slowdown in consumer spending, leaving the UK economy in need
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Falling consumer spending and high inflation slowing UK economy
by Owen Gough • • 0 Comments
A fall in consumer spending and high inflation is slowing growth in the UK economy, according to the latest Business Trends Report by accountants and business advisers BDO LLP. The latest report suggests that rising inflation, coupled with stagnating wage growth, is causing a sharp slowdown in consumer spending, leaving the UK economy in need
The post Falling consumer spending and high inflation slowing UK economy appeared first on Small Business.
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Perfect storm for SMEs as inflation could add £6.8 billion to costs
by Owen Gough • • 0 Comments
SME costs could go up by £6.8 billion as inflation is forecast to rise by 2.7 per cent this year, furthermore, 756,000 (14 per cent) businesses expect their revenues to shrink this year, and over three million (57 per cent) expect them to stay the same. The findings are from a new report from leading commercial insurer RSA,
The post Perfect storm for SMEs as inflation could add £6.8 billion to costs appeared first on Small Business.
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Rising inflation to outstrip wage growth in 2017
by Owen Gough • • 0 Comments
Consumers are facing a difficult 2017 of higher prices and lower wage growth following the collapse in the value of sterling and rising inflation, according to the latest Business Trends Report by BDO LLP. Inflation – caused by the increasing cost of goods following sterling’s post-EU referendum slump – now sits at its highest level
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