Business Live - UK Business news, analysis & Thought Leadership
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West Midlands - Business news, local news, expert opinion
The latest business news from across the West Midlands including Birmingham, the Black Country, Coventry and Solihull. The region's biggest employers include Aston Martin, Birmingham Airport, Jaguar Land Rover, JCB, HS2, HSBC UK and NEC Group. Never miss a story - click here to sign up to our free email updates - and follow our …
Thousands of Bristol companies in 'significant' financial distress
10 hours ago · Thousands of companies in Bristol are in "significant" economic distress, a new report has found. More than 4,300 firms in the city are facing financial difficulty - an annual rise of 12.1% - according to Begbies Traynor's latest ‘Red Flag Alert’, which monitors the financial health of UK companies.
UK business outlook for 2025 is much brighter than the end of 2024
Dec 30, 2024 · UK businesses are bucking the trend of negative sentiment that has characterised much of the year, with an anticipated upturn in 2025. According to new findings from the Lloyds Business Barometer, more UK firms are optimistic about a stronger start to 2025 compared to their outlook at the beginning of 2024.
Firms 'finding it almost impossible to survive' after Labour tax hikes
3 days ago · Less than three months following Labour's inaugural Budget, which saw an array of business tax increases introduced, there has been a 50 percent surge in the number of companies entering a state of critical financial distress. As per Begbies Traynor's latest "Red Flag Alert" report, firms registering 'critical' financial stress in Q4 of 2024 grew to 46,853.
Burberry shares soar as luxury giant's transformation plan starts to ...
3 days ago · Burberry, the British luxury brand, has seen a surge in demand for its core products following the implementation of an extensive turnaround plan, despite a continued decline in overall revenue. The company's shares soared by over 14% in early trading. However, total retail revenue for the 13 weeks ...
We cannot grow the economy by just taxing businesses
Dec 27, 2024 · As 2024 draws to a close, it is clear that the UK economy finds itself at a critical crossroads, with businesses bracing for what many fear will be a sharp downturn in activity due to a combination of domestic fiscal pressures and international uncertainties. Indeed, some have even suggested that ...
UK labour market at risk due to Rachel Reeves' budget changes ...
Jan 20, 2025 · A leading economist has signalled a stark warning that the government's tax hikes represent a "major threat" to the robustness of the labour market as anticipation builds for the latest employment statistics. The labour market has underpinned the UK economy's strength, with persistent high ...
Number of companies in administration rises as firms face …
Jan 10, 2025 · More than 100 West Country companies collapsed last year as firms battled with tough trading conditions and an uncertain economic backdrop. South West businesses accounted for 6% of administrations in 2024 – the eighth highest region in the UK – according to analysis of public records by law firm Shakespeare Martineau.
Live updates as Chancellor Rachel Reeves delivers Budget 2024
Oct 30, 2024 · A1 dualling plans scrapped. There has been hope from campaigners for decades that the A1 would be dualled up to the Scottish border. But after decades of setbacks and broken promises, residents living north of Morpeth are still waiting for a firm answer on whether the work will ever actually be given the green light as successive Governments have failed to deliver.