Over 66,000 SMEs have been identified as at risk.
Current Affairs
Scotland sees over 38,000 new startups in 2023
Significant growth in entrepreneurship outpaces 2022.
UK inflation rises by 0.1%
CPI increases for first time since February 2023.
UK economy sees upturn in November
Monthly GDP grows by 0.3%.
UK labour market remains under pressure
76% of businesses attempting to recruit faced difficulties.
Firms urged to fortify supply chains
Businesses face significant risks from disruptions.
Over-50s self-employment soars
Self-employed workforce sees major shift since pandemic.
Economic confidence index declines in December
Business leaders more optimistic about their own enterprises.
Private sector continues to decline
Businesses expect downward trend to persist in 2024.
Retail downturn persists
CBI survey reveals eighth consecutive monthly sales decline.
Overseas property register reaches 30,000
Milestone figure reached following register’s 2022 launch.
Government borrowing surpasses expectations
Borrowing reached £14.3 billion.
Inflation drops by more than expected in November
November inflation figure hits 26-month low of 3.9%.
SME lending declines
UK Finance’s business finance review reveals notable decline.
Surge in UK company insolvencies
Registered company insolvencies experience a 21% increase.
Bank rate remains unchanged at 5.25%
BoE MPC vote to maintain current rate by 6-3.
UK wage growth slows, job market stalls
Despite slowdown, wage growth still outpaces inflation.
UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.
House prices expected to dip by 1% in 2024
Rightmove advises sellers to be mindful of pricing strategies.
UK economy faces stagnation until 2025
Multiple challenges contributing to subdued growth.
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