With the final details of the impact of Brexit on UK firms still up to two years away, British businesses are already looking to expand new markets internationally. New research by Dubai Multi Commodities Centre (DMCC), the largest and fastest growing Free Trade Zone in the UAE, with a community of over 87,500 people, reveals that just under half (42%) of UK businesses have more appetite for overseas expansion in the post-Brexit and Trump administration era. The CEO of DMCC Gautam Sashittal is in the UK to discuss how Dubai can help British businesses looking to expand international trade post-Brexit.
The average property asking price in England and Wales is close to hitting a new all-time high. It was £310,108 this month, according to Rightmove - only £363 below last June's record high. Prices are up 2.3% from a year earlier due to strong demand and a shortage of supply. Russell Quirk, Founder and CEO of eMoov spoke to Nigel Cassidy on Rightmove's latest house price index.
According to a leading industry thinktank, retailers will struggle in 2017 as rising food price inflation leaves shoppers with less disposable income for discretionary items such as clothing and homeware. Joining to discuss with Nigel Cassidy is Diane Wehrle, Marketing and Insights Director at Springboard, specialists in Customer Counting, Footfall and Performance Measurement in the UK within the retail sector to discuss the latest BRC/Springboard Footfall and Vacancies monitor.
Culture secretary Karen Bradley's referred the Fox/ Sky bid to Ofcom and the Competition and Markets Authority. 21st Century Fox is offering £11.7bn for the 61% stake in Sky it does not already own. The company said it was "confident" the takeover would be approved. Critics of the merger fear it will mean Rupert Murdoch has too much control of the UK media. So can the takeover succeed after failing in 2011? James Brydges recaps the issues the regulators will be looking into.
Research released by the ICAEW (Institute of Chartered Accountants in England and Wales) suggests that long-term business investment is set to shrink on the back of Brexit uncertainty. The long wait to see Theresa May trigger Article 50 and start Brexit negotiations has created much uncertainty among businesses, meaning they've put on the brakes when it comes to investment. Simon Thompson, ICAEW Business and Economic Spokesperson, joined Nigel Cassidy on Share Radio Breakfast to discuss the key points from the forecast.
It’s been a mixed week for the job market. The surveyor’s organisation, RICS, bemoaned the potential loss of 200,000 essential EU workers in the construction industry if Brexit bites. And on Thursday, Morgan Mckinley's London employment monitor picked up a fall in the number of jobs on offer, blaming Brexit uncertainty. To assess the mood of the market, Becky Barr of Adzuna, joined Nigel Cassidy on Share Radio Breakfast.
Today at 12pm the Bank of England will be releasing its latest interest rate decision. It's likely that the bank's Monetary Policy Committee (MPC) will unanimously vote to hold rates at 0.25% in the face of potential economic upset from Brexit negotiations. Members of the Shadow MPC for the North East are supporting a rise in interest rates, arguing that it would be a positive move at the moment, especially for regional economies. Nigel Cassidy was joined by Christopher White, Financial Director at Darlington Building Society.
Morgan Mckinley, the specialist recruitment consultancy has today released their latest London Employment Monitor. The results show the job market is in decline in light of Theresa May's Article 50 deadline and with Brexit on the horizon in general. It seems as the government continues to send inconsistent messages about what kind of deal it is seeking for British businesses, larger institutions in particular are exercising hiring caution. Nigel Cassidy spoke to Hakan Enver, Operations Director, Morgan McKinley to discuss their results.
So the Dutch Prime Minister Mark Rutte's defeated a challenge from a far-right group in the country's elections. He's ahead of three other parties including one led by anti-immigration politician Geert Wilders. Speaking after a victory party the Prime minister said: , the [Dutch] people have said no to another country where the domino stone of the wrong side of populism would topple over. Geert Wilders is putting a brave face on coming second. He tweeted that he is proud of the more than one million people who voted for his Party of Freedom (PVV). To give his analysis, Nigel Cassidy was joined by Jeremy Cook, Chief Economist at World First.
The Royal Institution of Chartered Surveyors (RICS) says the UK construction industry could lose almost 200,000 EU workers if Britain leaves the single market. It argues that alternative plans need to be put in place in the event of a hard Brexit, otherwise some of the country's biggest infrastructure and construction projects could be put under threat. Abdul Choudhury, RICS Policy Manager for London, joined Nigel Cassidy on Share Radio Breakfast to discuss this.