Income and wellbeing up, but consumers fear for the economy 13th August 2019. Despite household income rising and scores for wellbeing increasing, British consumers fear for the economy in general, with worries over rising unemployment at a six-year high and

Scottish insolvencies climb 45% as distressed businesses face ‘toxic mix’ of issues 7th August 2019 Analysis from KPMG shows that Scottish insolvencies have risen by more than 45%, with 698 corporate insolvency appointments in the six months to June. This

Worries over no-deal Brexit Carney warns of no-deal Brexit shock Mark Carney, the governor of the Bank of England (BoE), has warned that a no-deal Brexit would result in an instant hit to the economy, saying the value of the

Services growth sees recession fears recede. 7th August 2019. Britain’s strong services sector unexpectedly jumped up in July, stronger than expected services growth means the economy looks set to avoid an immediate recession (hard Brexit aside), offering a boost after

Bank of England cuts growth forecast on Brexit uncertainty and trade tension The Bank of England has forecast a 30% chance that the UK economy will shrink at the start of 2020, amid growth of just 1.3% this year and