The Brexit saga continues – what is the Withdrawal Agreement?

Posted Posted in Brexit, Withdrawal Agreement

Following a series of Cabinet resignations over the past week, there are calls for another election from some quarters. This is all too familiar territory for the UK. In the past four years, the country has endured two referendums and two elections, so it is no stranger to the polls. However, the impact of ongoing uncertainty – and another visit to the booth – on the economy and business communities cannot be underestimated. Since the […]

Brexit deal

Deal or no deal

Posted Posted in Brexit

With less than eight months to go until the UK’s formal EU exit, the economy remains in a state of flux. While economic growth has picked up following a frosty start to the year, there’s no hiding the fact that things feel pretty fragile. As a ‘no deal’ scenario becomes increasingly possible, some are excited by this prospect. Jacob Rees-Mogg recently said: “A WTO is a good Brexit. It’s a clear Brexit.” I would argue […]

More Owl than Tigger?

Posted Posted in Spring Statement

The Chancellor evoked a children’s classic today when he presented his forecast for the UK economy. He foresees improved growth and exudes positivity. As he said himself he represents Tigger to the opposition Eeyore. Put politics to one side, the forecasts seem at odds with what many of us are experiencing in what increasingly feels like a parallel universe. A universe where people are holding off buying new cars, where there is pressure on housing […]

SMEs: a global view of opportunities and challenges in 2017

Posted Posted in Global Business Monitor, Global economy, IMF, SMEs

In 2016, Bibby Financial Services published its inaugural Global Business Monitor report, providing unique insight into the opportunities and challenges facing small and medium sized enterprises (SMEs) across Asia, Europe and North America. Amid geopolitical change and rising economic uncertainty, the study highlighted specific issues facing such businesses, including rising input costs, the burden of government regulation and ongoing cashflow management. Though issues keeping business owners awake were predominantly close to home, there was undoubtedly […]

Global uncertainty mustn’t stall SME ambitions

Posted Posted in Brexit, Exports, French elections, SMEs, Uncategorized, Uncertainty

We are living in times of such political unorthodoxy there is arguably a danger that economic commentators will start to sound like a broken record. Uncertainty, or rather what Mervin King the former Governor of the Bank of England calls radical uncertainty, is a dominating factor in the global economy. This is the kind of uncertainty that pollsters and skilled economists find difficult, if not impossible to predict. Events such as Brexit, a hung Parliament […]