Remove business cost-of-living-crisis
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UK recession risk grows as higher interest rates weigh on firms

The Guardian Manufacturing

Service sector and manufacturing output falls, with cost of living crisis also hitting businesses Business live – latest updates Britain’s economy is at growing risk of recession, with industry figures showing the sharpest monthly fall in private sector activity, outside of the Covid pandemic, since the financial crisis.

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UK economy shrinks by 0.3% on back of manufacturing slump

The Guardian Manufacturing

August GDP data from ONS gives strong signal that UK is entering recession Business live updates: UK economy shrinks in August Britain’s economy shrank by 0.3% while the cost of living crisis appeared to hit hotels, restaurants and the leisure industry. Continue reading.

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UK poised to confirm fifth delay to post-Brexit checks on imports

The Guardian Manufacturing

Latest hold-up is intended to cut risk of new charges being passed on to consumers amid cost of living crisis Business live – latest updates UK politics live – latest updates A fifth delay on the introduction of post-Brexit import checks on food and fresh produce arriving in Britain is to be officially announced imminently, the Guardian understands.

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Heather Mills’s VBites vegan food firm collapses into administration

The Guardian Manufacturing

Mills says factors including ‘corporate greed’, Brexit, and utility and ingredients prices played a part Heather Mills’s vegan food business, VBites, has collapsed into administration after failing to secure fresh funding amid rising cost pressures. Continue reading.

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UK economy grew by only 0.1% in November

The Guardian Manufacturing

Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost UK may avoid recession for now but it won’t feel like it for many Business live updates: UK may avoid 2022 recession The UK economy unexpectedly grew by 0.1% Continue reading.

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More than four in five Aussie businesses buy Australian Made

Manufacturer's Monthly

New research from Roy Morgan shows Australian businesses are prioritising locally made products, with more than four in five stating they buy Australian-made goods wherever possible. It also found that 67 per cent of companies were more likely to purchase from a business with the mark. ” said Lazzaro. .”

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UK manufacturers report steep fall in output

E&T

While some global price pressures have eased in recent months, cost and price inflation will likely remain very high in the near term, with rising energy bills a key concern for manufacturers. Government support for energy costs has been considerable already, buying time for businesses to adapt to Europe’s new energy landscape.