The latest gross domestic product (GDP) data for May 2023 from the ONS shows the UK economy has not grown in the three months to May 2023. Monthly output of the UK economy was down 0.1% in May 2023, following modest 0.2% growth in the previous month. Overall, GDP has increased just 0.1% since … [Read more...]
News for: General Business
NatWest reveals fifth consecutive rise in business activity in the North West in June PMI survey
Firms in the North West recorded a fifth consecutive monthly rise in business activity in June, according to the latest NatWest UK Regional PMI survey. Despite the continued uplift in activity, the rate of growth eased to its slowest level since March following a drop in inflows of new work, with … [Read more...]
Insolvency service launches online information hub for business owners
The Insolvency Service has launched a new online information hub to support company directors and ensure they meet their statutory obligations. Aimed specifically at the directors of micro-, small and medium-sized limited companies, the guidance and information included on the site hopes to … [Read more...]
Manchester Airport to host UK’s first launchpad for Indian tech SMEs
Manchester Airport will host the UK’s first launchpad for Indian tech SMEs, following a Memorandum of Understanding (MOU) being signed between Greater Manchester's inward investment agency, MIDAS, Manchester Airports Group and Indian trade body, Nasscom. Nasscom, a trade body representing over … [Read more...]
Cheshire East appoints service committee chairs following May elections
Following the results of the local elections across England on 4th May, Cheshire East Council has announced the chairs and vice-chairs of its service committees. Results saw the Conservative Party remaining the largest grouping on the council, with 33 councillors, followed by Labour with 31. With … [Read more...]
Inflation falls to 8.7%
Inflation fell to 8.7% in April, according to the latest Consumer Price Index figures published today (24th May) by the Office of National Statistics (ONS). The fall, down from 10.1% in March sees the measure of price increases drop back below double figures for the first time since September's … [Read more...]
Bank of England base rate rises by a further 0.25 percentage points
The Bank of England’s top economists have agreed a further 0.25 percentage point increase in its base rate of interest, which now stands at 4.5%. The bank’s Monetary Policy Committee (MPC) have followed in the footsteps of the US Federal Reserve and the Eurozone’s European Central Bank in raising … [Read more...]
Inflation fell in March but remained above 10%
Inflation in March continued to remain above 10% according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS), despite a slight fall on the February's figure. The ONS found that in March 2023, the average price of goods monitored rose by 10.1% compared to … [Read more...]
Cheshire residents urged to ensure they have suitable ID ahead of local elections
Cheshire East Council is urging borough residents to act now to ensure they are registered to vote and have suitable ID ahead of local elections of the 4th May 2023. While those already registered to vote should have now received their polling cards, the deadline to register to vote is midnight … [Read more...]
Interest rates rise again to 4.25%
The Bank of England’s Monetary Policy Committee (MPC) has voted to raise the bank’s base rate to 4.25%, the eleventh consecutive rise in interest rates since January 2022. The rate rise follows the release the February’s Consumer Prices Index which found inflation had risen to 10.4%, despite … [Read more...]
Manchester Airport connects with small businesses at ‘Meet the Buyers’ event
Manchester Airport hosted its inaugural ‘Meet the Buyers’ event, with more than 200 attendees from over 100 local businesses taking the opportunity to connect directly with key prospective clients in the Greater Manchester and Cheshire area. Small and medium-sized businesses in sectors as varied … [Read more...]
Chancellor announces 2023 Spring Budget
Chancellor of the Exchequer Jeremy Hunt has delivered his 2023 Spring Budget, setting out plans for levelling up all parts of the UK and restoring growth to the UK economy. The Chancellor’s first Budget since taking on the role in October 2022 comes against a backdrop of slow economic growth, … [Read more...]