Tag Archives: UK’s

California’s economy passes UK’s to become world’s fifth biggest

People visit Santa Monica beach in Los Angeles county. Photograph: Greg Balfour Evans / Alamy/Alamy California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public on Friday. Despite having a population of only 40 million compared with the UK’s 65 million people, California’s gross domestic product of $2.7tn ... Read More »

Half of employers see UK’s allure fading with Brexit

Half of British employers think the country’s attractiveness as a place to invest and hire will diminish over the next five years as it leaves the European Union, an annual business survey showed on Monday. The Confederation of British Industry (CBI) and recruitment agency Pertemps Network Group said there was scant sign that uncertainty around Brexit had hurt companies’ hiring ... Read More »

UK’s current GDP growth rate won’t last, warns business body

“The business as usual” approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. The business body expects GDP to grow by 2.1% this year, up from the 1.8% it forecast just three months ago. But uncertainty over the UK’s EU ... Read More »

UK’s small business confidence unharmed by Brexit vote – survey

Small businesses in Britain remain confident about the economic and political landscape following the historic vote in June to leave the European Union, according to a survey by research firm BDRC Continental. Early responses from a third quarter survey of 4,500 small and medium-sized companies (SMEs) show little sign of any drop in confidence according to BDRC. A survey taken ... Read More »