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UK car manufacturing in keeping with forecasts


By Max Clarke More than 150,000 new cars were registered in the year ending May 2011, down just 1.7% for the previous year, while registrations for diesel vehicles are up 10% over the same period. As a result of this strong performance at a time of subdued economic growth, the UK’s vehicle... read more


Cable declares Japan safe and open for business


By Marcus Leach Business Secretary Vince Cable is due to complete his tour of Japan on Friday with a speech to two hundred influential business leaders, in which he will re-affirm the importance of the UK's relationship with Japan, and the British Government's support in the aftermath of the recent earthquake. Expressing... read more


Strengthening of activity growth for UK construction sector


By Marcus Leach Data released by the Markit/CIPS Construction Purchasing Managers’ Index (PMI) signalled strengthening of activity growth in UK construction sector in May. May data signalled a solid expansion of activity in the UK construction sector, with the seasonally adjusted PMI Index posting 54.0, from 53.3 in April. While the latest... read more


UK manufacturing sees dip in growth


By Marcus Leach The latest figures released from the Markit/CIPS UK manufacturing purchasing managers' index (PMI) showed that the UK's manufacturing sector grew at its weakest pace for close to two years in May. The PMI fell to 52.1 last month from a downwardly revised 54.4 in April, with any reading above... read more


Increased lending for UK manufacturers


By Marcus Leach A survey has suggested that UK manufacturers are, for the first time since the start of the recession, beginning to find access to bank credit easier. Manufacturing group EEF said the same proportion of small companies reported a rise in credit availability as reported a fall in April and... read more


Construction insolvencies are up by 19%


By Marcus Leach The number of businesses going bankrupt in the construction sector has jumped by 19% in the last quarter to 948, up from 796 in the previous quarter, says Wilkins Kennedy. It is the first quarterly rise in insolvencies in two years and has stoked fears of another prolonged downturn... read more


Government's economic credibility is in 'tatters'


By Marcus Leach The Tory-led government's economic credibility is in 'tatters', according to Unite, as official figures show zero growth but a record increase in borrowing. The latest ONS figures show the UK's economy failed to show significant growth over the past two quarters, while official figures also from the ONS revealed... read more


Call to end current controls on international trade


By Marcus Leach Current customs and trade compliance requirements are holding back international commerce and putting huge strains on the national authorities controlling them. The whole system is costly, inefficient and unnecessarily bureaucratic, and needs to be fundamentally changed. Traders who can be trusted should be given the right to control their... read more


UK manufacturers sceptical of government growth strategy


By Max Clarke Part of the Government’s Plan for Growth includes an increased focus on one of the only sectors in the British economy that has experienced growth- manufacturing. Leading UK manufacturers have responded to the government’s various strategies by offering a critical assessment of the efforts to rebalance the economy towards... read more


Ernst & Young executive joins UK Trade & Investment


By Max Clarke Michael Boyd, a former Ernst & Young Global Board Member, has joined the UK Government’s trade promoting organisation, UK Trade & Investment (UKTI) as a Managing Director where he will lead the Strategic Relationship Management Team. “I was attracted by the challenge of leading a cross-Government team... read more