Assessing business births and deaths provides another angle to test perceptions of the UK economy, placing greater emphasis on the plight of smaller businesses that account for 60% of private sector employment in the UK.
On the state of UK Business Closures
13.5% of all UK businesses have temporarily closed or paused trading, during the lockdown, with 86.4% of workers in these businesses on furlough.
Chart of the Week: Ownership of UK Commercial Property by Investor Type
Overseas investors saw the largest increase in UK commercial property ownership in the decade to 2016…
Chart of the Week: Fintech Investment by Region
The chart shows that total global investment in fintech companies for the first half of 2018 reached a peak of $57.9 billion, growth undoubtedly fuelled by demographic changes. Europe contributed 45% at $26 billion, with the….
Chart of the Week: Impact of AI on UK Jobs by Sector
Recent advances in artificial intelligence have been incorporating cognitive skills that show potential to supersede human ability. Although the potential is vast, there will be attendant job insecurity in many industries, with many of those laid off lacking the necessary skills to benefit from the jobs AI creates….
Chart of the Week: Week 36, 2018: Historical UK Trade with ASEAN States
UK’s trade with the selected nations from the Association of South East Asian Nations (ASEAN) has increased, with the values of imports from …