Political uncertainty following June’s general election has caused concern among the business community, a study has revealed. Read More
The Confederation of British Industry (CBI) is calling on politicians to act fast to ensure stability for UK businesses. Read More
Almost three-quarters of business managers think a Brexit deal that secures access to the single market would be the best outcome of the upcoming negotiations, a study has revealed. Read More
In a new report entitled Brexit and the law, the Law Society has called upon the Government to ‘preserve the rights’ of the UK’s £26billion legal sector when it comes to negotiate an exit strategy with the European Union (EU).
The full report, which can be accessed here urges the Government to:
The Society’s report reads: “From the legal sector’s view, continued free movement would be beneficial economically, but we of course recognise that there is a competing public policy commitment to control immigration”.
Robert Bourns, President of the Law Society, has added: “The legal sector underpins the UK economy – and not just because it is worth more than £25.7 billion in its own right.
“In every part of the economy people rely on the advice and support of solicitors.
“A 1 per cent growth in the legal services market creates 8,000 jobs. Each £1 of additional turnover stimulates £1.39 in the rest of the economy. And the legal economy grew by 8 per cent last year.”
New research suggests that UK rents will rise at a faster rate than property prices over the next five years, with Brexit negotiations leading to flat house price growth in the near-term.
The predictions come from Savills estate agents, who claim that dampened activity in the housing market will lead to a surge in demand in the private rental sector, pushing up rents significantly.
Savills pointed towards “post-referendum economic uncertainty” and weaker consumer sentiment in justifying their predictions.
They have forecast that, on average across the UK, rents will rise by approximately 19 per cent between now and 2021, while property values will increase by just 13 per cent in comparison.
In the City of London, the property agents have predicted that rents will increase by 24.5 per cent, in comparison with a 10.9 per cent increase for London property prices.
Lucian Cook, Savills UK head of residential research, said: “What is clear is that the housing market does not like political and economic uncertainty and this points to a lower growth, lower transaction market across the board.”
Small and Medium-sized Enterprises (SMEs) are increasingly turning towards alternative finance, according to a new study. Read More
A group of nearly 50 tech start-up representatives have signed an open letter to Prime Minister Theresa May urging her to protect access to tech talent once Brexit negotiations begin. Read More
After a rush to seize post-Brexit trading opportunities, business for small and medium enterprises (SMEs) is on the rise, reports reveal. Read More
If, as is likely, there is a substantial Budget element to the Autumn Statement under a new Prime Minister, the latest reports suggest that there will be some changes to business taxes in the short-term. Then, once Article 50 is triggered and post-EU membership negotiations begin in earnest, there are likely to be substantive measures announced. Read More
The UK’s decision to leave the European Union (EU) will undoubtedly result in significant changes to the payroll profession. But, at this stage, it is impossible to predict what these will be – or what impact they will have, according to the Chartered Institute of Payroll Professionals (CIPP). Read More