The economy

A third of firms keep wages on hold

One out of three firms have imposed wage freezes on their employees this year, a new study has found.

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Output figures show unexpected fall

The fragile nature of the UK’s economic recovery has been exposed by new figures that have revealed a drop in manufacturing output.

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Small businesses forecasting recovery

Almost a half of small firms are anticipating an upturn in sales during the next year, a business group has claimed.

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Recovery ahead, but VAT rise could dampen spending

The UK economy is on course to emerge from the recession in the second half of the year, the CBI has predicted in its latest forecast.

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Road to recovery fraught with risks, says BCC

The UK economy has begun the journey towards recovery but still faces many risks, the British Chambers of Commerce (BCC) has said.

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Business lending slides by record amount

Bank lending to businesses fell by £8.4 billion in July, new figures have revealed.

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Pay rises slip to record low

Average pay increases offered by UK firms have dipped to just 1 per cent, the lowest figure since records began.

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Online sales show return to form

Internet shopping recorded a 15.7 per cent rise in July compared with the previous month, a new survey has revealed.

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Upturn in business confidence heralds 'end' of recession

A surge in confidence among business professionals could suggest that UK is about to emerge from the recession.

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Fall in tax receipts means VAT to rise as planned

There seems no prospect that the cut in VAT will be extended beyond the planned end of the year reversion to the old rate after it was revealed that tax revenues have fallen sharply.

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