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.
New figures just out show that the number of companies in the UK has reached a record high - breaking the four million threshold for the first time. The boom is fuelled in a large part by the formation of new companies, with roughly 665 thousand started in the UK last year. But is this symptomatic of a flexible, dynamic workforce - or are there just no more full time jobs? Nigel Cassidy was joined by Jonathan Richards, CEO at breatheHR, a firm that provides software to SMEs.
Bango, the mobile payment company which enables app store customers to click and buy apps or in-app content and place the charge directly onto their mobile phone bill, has released full year results today. So how is the company doing? Joining Nigel Cassidy to reveal all is Ray Anderson, CEO of Bango.
H&T Group, the UK pawnbrokers, who offer loans, pawn services and cash for gold, has released its full year results. So how is the company doing? Steve Fenerty, Finance Director at H&T, joined Nigel Cassidy on Share Radio Breakfast to discuss the numbers.
Paul Sedgwick, Head of Investments at Frank Investments joined Nigel Cassidy and Rachel Winter from Killik & Co to discuss all the top business and finance stories from the weekend and today. First up, they analysed why Bovis homes have been seeing significantly lower share prices than its counterparts as of late.