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"The UK Business Confidence Index (BCI), which measures business sentiment, contracted significantly in Q4 2024, falling to +0.2, its lowest level since Q4 2022 and below the historical average of +5.2 Housing starts down Housing completions down Car sales down Retail and online down Unemployment up Inflation up Bank rate reductions slower than anticipated More businesses closing than opening Business growth outlook halved " Well that was easily predicted within minutes of reeves budget! In typical labour fashion they ask the very people slowing the economy how to grow it! Rupert Lowe would do a better job if he was blind and did have Alzheimer’s! | |||
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"According to the ONS the UK economy shrank 0.1% in January. There has however been some progress. Reeves is no longer blaming the Tories. The contraction is now due to global issues. But still absolutely nothing to do with the UK government. So much for the “Growth Mission”." And with all that we have next months NI increases to come. Still I'm sure it's early days yet as we are often told | |||
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"The way I'm seeing corps locking down on spending and mothballing inflight activities makes me think it is going to get worse." Observing the same thing in the nation's and Europe's largest companies. Belts are tightening all over the place. | |||
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"Britain has recorded its highest number of company closures for two decades, with the final quarter of 2024 seeing 198,046 businesses struck off the official register. The research firm Beauhurst, says this surpasses levels last reached in 2021 and in the aftermath of the 2008 financial crisis. Zempler Bank, a small-business lender, says an 8% fall in new company formations throughout 2024 Grim " I would imagine contractors inside IR35 and the implications from increased NI is playing a big part in those figures. | |||
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"High energy bills due to Millibands nutty zero obsession. It has a knock on effect to so many things." Nothing to do with the energy companies then. | |||
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