Business and Economics

Super fast growth companies know as 'gazelles' are expected to contribute £38 billion to the UK economy in exports by 2020, according to new research. The report finds London's medium-sized businesses are set for a growth spurt over the next few years up to 2020 - increasing their contribution to GVA from £62 billion in 2015 to £76 billion in 2020. This is largely due to an exciting group of super fast growth companies knows as ‘gazelles', which are companies that have...

When it comes to social media, the vast majority of us love to tweet. According to the latest data from Statistic Brain Research Institute, Twitter currently has 645,750,000 registered accounts and 289,000,000 active users. Looking specifically at the UK, Statista calculates the number of active daily Twitter users to be 15.8 million in 2016 and within the next two years that figure will grow to more than 17 million. Essentially, what's clear to anyone with their finger even remotely on the tech...

By Joe Mellor, Deputy Editor The North of England is still the least economically active in the country, a study has shown. Towns and cities in this area are not keeping up with national trends and now have worse social and economic conditions than previously. Dundee, in Scotland, aside, the bottom ten places are all based in the North of England, making the Chancellor’s promise of a northern powerhouse seem a fantasy. The table, created by the Joseph Rowntree Foundation,...

By Dean Hochlaf New Zealand MP, Winston Peters has thrown his voice into the great EU referendum debate, by suggesting Britain leaves the EU, and “heal a rift” with the nations of the Commonwealth that emerged when Britain joined the EEC. He has even gone as far as suggesting a Commonwealth free trade area, which has been enthusiastically picked up by the UKIP Commonwealth spokesman. The concept of a Commonwealth free trade area pops up every now and then as...

By Joe Mellor, Deputy Editor Shockingly MPs have overturned a Lords decision to stop cuts to the Employment and Support Allowance (ESA) meaning disabled people will now be £30 a week worse off. It is hoped this cut would help people back into work, but it has even left some Tory backbenchers uneasy. The Government had previously been beaten by the Lords, over the reduction of the allowance for people in the work related activity group (WRAG), because they are...

The 'short term loan' is amongst the most slandered terms in the financial world, but there is no doubting that responsible lenders have an important role to play in the credit market. New research has revealed the importance of borrowing from an accredited lender when it comes to short-term credit, with a third of people saying that government regulation will make the industry more trustworthy. More than a quarter of the respondents said they are more likely to borrow money if the lender is...

By Joe Mellor, Deputy Editor It looks like the Chancellor’s much heralded “Northern Powerhouse,” is not quite going according to plan, which may come as not much of a surprise to people living there. Osborne will be saddened to hear that more start-ups were launched in a single London postcode than in every city and town in Yorkshire. The capital’s Silicon Roundabout, the UK’s tech hub, created 10,280 start-ups in 2014-15. Conversely, last year Yorkshire and Humberside saw 9,562 start-ups,...

By Ben Ramanauskas On September 15th 2008, the global investment bank Lehman Brothers, filed for bankruptcy. It was- and still remains- the largest bankruptcy filing in the history of the United States and precipitated a global financial crisis that has had a devastating impact on the world economy. The conduct of many of the bankers at Lehman Brothers, and it’s subsequent fall, became emblematic of the culture of greed and excessive risk taking of the financial services industry. As the...

By Joe Mellor, Deputy Editor People on less than £15k a year will be clobbered by the Tory government as increases under Labour are cancelled. Private sector workers, who are low-paid, will be the worst affected as twenty million people are hurt by Tory pension changes. George Osborne said his new flat rate £155.65-a-week pension is “simpler and fairer, and there is no doubt it is vastly larger than the current £115.95 rate. However, there will no longer be additional...