Business change management tips advice and support
Here are some tips for effectively managing business change:
Understand the need for change. The first step to effectively managing change is to understand why it is necessary. What are the drivers of change? What are the goals of the change? Once you understand the need for change, you can begin to develop a plan for how to implement it.
Communicate effectively. Communication is essential to the success of any change initiative. Employees need to understand the reasons for the change, the goals of the change, and what their role will be in the change process. Communication should be clear, concise, and timely.
Build trust and commitment. Employees are more likely to support a change initiative if they trust the people leading it and if they are committed to the goals of the change. Building trust and commitment takes time and effort, but it is essential to the success of any change initiative.
Create a sense of urgency. Change is often difficult, so it is important to create a sense of urgency around the need for change. This can be done by highlighting the benefits of the change, the costs of not changing, or the risks of not changing.
Make the change visible. Change is often more difficult to accept if it is not visible. Make sure that employees can see the progress of the change and that they understand what is happening.
Provide support. Employees need support during the change process. This can take many forms, such as training, coaching, or simply being there to listen.
Celebrate successes. Change is a journey, not a destination. It is important to celebrate successes along the way. This will help to keep employees motivated and engaged in the change process.
Change can be difficult, but it is also an opportunity for growth and improvement. By following these tips, you can increase the chances of successfully managing business change.
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In today’s fast-paced business world, change is the only constant. To stay competitive, organisations must be able to adapt and evolve quickly. But implementing change can be challenging, particularly if employees are resistant to it. This is where change champions come in. Change champions are individuals who are enthusiastic about change and who can motivate others to embrace it. In this article, we will explore how you can empower your change champions to be successful. Read on …
Before you can empower your change champions, you need to define the role they will play. A change champion is someone who is responsible for driving change within the organisation. They are typically individuals who have a strong understanding of the benefits of the change and who can communicate those benefits to others. Change champions may also be responsible for training others on the new processes or technologies and for providing ongoing support to those who are struggling with the change.
It’s important to communicate the role of change champions clearly to everyone in the organisation. This will help to ensure that everyone understands the importance of the role and is aware of who the change champions are. It will also help to prevent confusion or misunderstandings about what the change champions are expected to do.
Select the Right People
The success of your change initiative will depend largely on the people you select as change champions. You need to choose individuals who are enthusiastic about the change and who have the skills and knowledge necessary to drive it forward.
When selecting change champions, consider the following:
Enthusiasm: Look for individuals who are excited about the change and who are passionate about making it happen.
Knowledge: Your change champions should have a strong understanding of the change and its benefits. They should also have a good understanding of the organisation and its culture.
Communication skills: Your change champions will need to be able to communicate the benefits of the change to others. Look for individuals who are effective communicators and who can tailor their message to different audiences.
Influence: Your change champions should be able to influence others and persuade them to embrace the change. Look for individuals who have a good track record of influencing others.
Provide Training and Support
Once you have selected your change champions, it’s important to provide them with the training and support they need to be successful. This may include training on the new processes or technologies, as well as training on how to be an effective change champion.
You may also want to provide your change champions with ongoing support, such as coaching or mentoring. This will help to ensure that they have the resources they need to be successful and that they are able to overcome any challenges they may face.
Give Them Autonomy
Change champions need to have a certain degree of autonomy in order to be effective. They need to be able to make decisions and take action without having to consult with others every step of the way.
Giving your change champions autonomy will help to ensure that they are able to move the change initiative forward quickly and effectively. It will also help to build their confidence and increase their sense of ownership over the change.
Recognise and Reward Them
Change champions are often working behind the scenes, and their contributions may not be immediately apparent to others in the organisation. It’s important to recognise and reward their efforts in order to keep them motivated and engaged.
Recognition and rewards don’t have to be big or expensive. They can be as simple as a thank-you note or a public acknowledgment of their efforts. The key is to make sure that your change champions know that their contributions are valued and appreciated.
Communicate Progress
Effective communication is critical to the success of any change initiative. It’s important to keep everyone in the organisation informed about the progress of the change initiative, and this includes your change champions.
Regular communication with your change champions will help them stay informed about the status of the initiative and what they can do to help move it forward. It will also help to build their sense of ownership over the change and keep them motivated and engaged.
When communicating progress to your change champions, be sure to provide regular updates on the status of the initiative, any challenges that have been encountered, and what is being done to overcome those challenges. You should also celebrate any successes or milestones that have been achieved along the way.
Encourage Collaboration
Change champions cannot do it alone. They need the support of others in the organisation to be successful. Encourage your change champions to collaborate with others and to build relationships with key stakeholders who can help to move the change initiative forward.
Collaboration can take many forms, such as working together on a project or sharing best practices and lessons learned. Encourage your change champions to be open to collaboration and to seek out opportunities to work with others.
Continuously Evaluate and Improve
Finally, it’s important to continuously evaluate and improve your change champion program. Regularly assess the effectiveness of your change champions and make adjustments as needed. This may include providing additional training or support, adjusting the roles and responsibilities of your change champions, or selecting new change champions if necessary.
Continuous evaluation and improvement will help to ensure that your change champion program is effective and that your change initiative is successful.
Change champions are critical to the success of any change initiative. By defining the role of change champions, selecting the right people, providing training and support, giving them autonomy, recognising and rewarding them, communicating progress, encouraging collaboration, and continuously evaluating and improving, you can empower your change champions to be successful and drive change within your organisation.
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Businesses must be able to benefit from change. We explore the importance of adapting to change in a business. What are the benefits of change in the workplace. Changes in business can be necessary due to external and internal business risk factors. Not all change has to be major. Small incremental changes, combined, can be more effective and beneficial to your business than giant leaps. Constant major changes can also be counterproductive.
What are the negative effects of change in business?
What are the positive effects of change in business?
Learn how to embrace change and innovation in your company.
Today’s organisation’s must embrace change to survive and prosper. Ensure your business has a culture of looking at change as an opportunity to improve not something to fear or resist. Explain the importance of accepting change positively to your employees and customers.
Employees will develop new skills which will make them more valuable to you but also more valuable in the marketplace.
Employees will have new opportunities to be more creative in alignment with new business objectives so both can navigate choppy market conditions.
Employees will become more engaged with and committed to your business as their ideas will help grow the business and their role within the business.
Sell the benefits of a constantly changing business to your employees so they can help you not run away from your business.
We look at why change is important. Explain the importance of accepting change positively. Not forgetting both the negative and positive effects of change in the workplace. Control the negative effects of change while enhancing the positive effects of change.
Embracing change means embracing failure. Not all changes will be successful. However if employees feel that their ideas and failure of ideas will be accepted without recrimination and even rewarded, you will find the gems in the rough that will boost your business development.
You need and plan and a process to filter the ideas. Your plan needs to engage all levels of your organisation not just the management team.
Embracing change will help your business find and develop new ideas and opportunities to grow faster. Change in business is inevitable so why not embrace it positively at all times to get the best out of it and mitigate anything bad about change. Embracing change is essential for the future success and growth of your business so adopting a culture and a habit of embracing change will supercharge your growth. Change will no longer threaten your survival in business.
What are the benefits to customers when a business changes?
Adapt your business and embrace change to benefit old and new customers. A culture of embracing change and a process for managing risks of change will lead to more satisfied customers as well as more engaged workforce.
Much innovation is born out of necessity – for example during times of war. The COVID period maybe our time of war. It as certainly led to the worst economic period for several hundred years including from two world wars. What we can learn from Abandoned Engineering on Yesterday Channel is that our forefathers have invested incredible amounts of money and energy in ideas that failed for various different reasons. If you want your business to be resilience regardless of the economic environment you need to adopt the right risk management strategy to give your business the best chance of surviving in all economic weather. We may think we have been unlucky. However, all previous generations have had their challenges. Our challenge is to be innovative, creative and resilient no matter what is thrown at us.
The opportunities for increasing retail-based business income remain huge for innovative retailers looking to the future not to return to past
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ERM Framework Implementation
Enterprise Risk Management (ERM) is the process of identifying, assessing, prioritising, and managing risks that could affect an organisation’s ability to achieve its objectives. In today’s fast-paced business environment, organizations face numerous risks, such as financial, operational, strategic, regulatory, reputational, and cybersecurity. The failure to manage these risks could lead to severe consequences, such as financial loss, legal liability, damage to reputation, and even business failure.
Therefore, it’s critical for organizations to implement a robust ERM framework to identify and mitigate risks that could potentially harm the organization. In this article, we will provide guidance on how organisations can implement an effective ERM framework to manage risks.
Establishing an ERM framework The first step in implementing ERM is to establish a framework that outlines the organisation’s risk management policies, procedures, and practices. The framework should define the roles and responsibilities of the risk management team, establish risk assessment methodologies, and identify the key risk indicators (KRIs) that will be used to monitor risks.
The ERM framework should also identify the organisation’s risk appetite, which refers to the level of risk that the organisation is willing to accept in pursuit of its objectives. The risk appetite should be clearly defined and communicated to all stakeholders, including employees, investors, customers, and regulators.
The ERM framework should be aligned with the organisation’s strategic objectives, and the risk management team should work closely with the senior management team to ensure that risk management is integrated into the organisation’s decision-making process.
Conducting a risk assessment The next step in implementing ERM is to conduct a risk assessment, which involves identifying, analysing, and evaluating risks that could potentially harm the organisation. The risk assessment should be based on a systematic and comprehensive approach that considers all the potential risks that the organisation faces.
The risk assessment should consider both internal and external factors that could affect the organisation’s ability to achieve its objectives. Internal factors include the organisation’s culture, structure, processes, and people, while external factors include economic, political, technological, and regulatory factors.
The risk assessment should also consider the likelihood and impact of each risk and prioritise them based on their significance. The risk assessment should be updated periodically to ensure that new risks are identified and managed.
Developing a risk management plan Once the risks have been identified and prioritised, the next step is to develop a risk management plan that outlines the actions that will be taken to manage each risk. The risk management plan should consider the risk appetite of the organisation and the resources that are available to manage the risks.
The risk management plan should include specific measures to mitigate each risk, such as risk avoidance, risk reduction, risk transfer, and risk acceptance. Risk avoidance involves eliminating the risk altogether, while risk reduction involves implementing measures to reduce the likelihood or impact of the risk. Risk transfer involves transferring the risk to another party, such as an insurance company, while risk acceptance involves accepting the risk and managing it within the organisation’s risk appetite.
The risk management plan should also identify the stakeholders who will be responsible for managing each risk and the KRIs that will be used to monitor the risks. The risk management plan should be reviewed periodically to ensure that it remains effective and relevant.
Implementing risk management controls The next step in implementing ERM is to implement risk management controls to manage the risks. Risk management controls are the policies, procedures, and practices that are implemented to manage the risks identified in the risk assessment.
Risk management controls should be designed to ensure that the organisation operates within its risk appetite and that the risks are managed effectively. Risk management controls should be integrated into the organisation’s processes and systems to ensure that they are followed consistently.
Monitoring and reporting on risks The final step in implementing ERM is to monitor and report on risks. Monitoring involves tracking the effectiveness of the risk management controls and the KRIs that were identified in the risk management plan. The monitoring process should be designed to detect any changes in the risk environment and to ensure that the risk management controls remain effective.
Reporting involves communicating the results of the risk management process to stakeholders, such as the board of directors, senior management, investors, customers, and regulators. The reporting should provide an accurate and comprehensive view of the organisation’s risk exposure and the effectiveness of the risk management controls.
Reporting should also include any significant changes in the risk environment and any emerging risks that could potentially impact the organisation. Reporting should be timely, accurate, and relevant to ensure that stakeholders have the information they need to make informed decisions.
ERM is a critical process that organisations must implement to manage the risks they face. ERM involves identifying, assessing, prioritising, and managing risks that could potentially harm the organisation.
To implement an effective ERM framework, organizations must establish a framework that outlines the risk management policies, procedures, and practices. They must conduct a comprehensive risk assessment that considers all the potential risks that the organisation faces and prioritise them based on their significance.
They must develop a risk management plan that outlines the actions that will be taken to manage each risk and implement risk management controls to manage the risks. Finally, they must monitor and report on risks to ensure that the risk management process remains effective and relevant.
By implementing an effective ERM framework, organisations can mitigate the risks they face and achieve their objectives in a safe and sustainable manner. The ERM framework should be reviewed and updated periodically to ensure that it remains effective and relevant to the changing risk environment.
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Retailers continue to put pressure on suppliers to cut costs
Biggest retailers continue to create strategic alliances to maximise profit and protect mutual retail market share. Carrefour and Tesco plan to formalise an informal arrangement for global long-term purchasing alliance.
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The 4th Industrial Revolution is upon us. For some it will be a plague but for others it’ll will be a feast.
Every day you can find multiple great ideas that could potentially disruptive the current way of doing things. My favourites at the moment are flying modes of transport that could easily replace vehicles that have to travel on roads and flying machines that briefly go to space to get to their destination quicker. They may seem like far off technological developments, but the technology works now. Its flight rules and regulations that will hold them back to protect carmakers and airplane makers not technology risks.
Everyday new innovative ideas and products flood onto the market. For most it will be like Tomorrows World. The innovative ideas will not be sustainable. We want to work with people who want to take over the world in a good way!
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Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.
How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.
The best form of defence is often attack
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New Automotive Industry Entrants and Cross Sector Collaboration Will Bring New Threats and Opportunities
26th June 2020 Amazon Robot Delivery plus Amazon Autonomous Self Driving Vehicles To Buy In Showroom?
Amazon is one of the most successful businesses at developing innovative business growth strategy. Last year Amazon invested half a billion dollars in self driving car startup Aurora Innovation Inc. This year it looks like Amazon is continuing its investment in the car sector.
Amazon has bought robotics and autonomous vehicle company Zoox. Are they just beefing up their knowledge and business intelligence for robotic self delivery or would you buy an Amazon self driving autonomous car from a showroom instead of a Tesla. Amazons purchase of Zoox is in the region of 3 billion dollars.
31st October 2019 PSA Group the owner of Peugeot and Fiat Chrysler Agree 50 Billion Dollar Merger
The merger will create the fourth largest automotive manufacturer in the world. The merger is needed strategically due to the significant investment required by both firms to keep up with the competition. Both firms need to invest heavily in electric cars and driverless technology to be ready now never mind the future sustainability.
28th August 2019 Toyota and Suzuki Collaborating On Self Driving Car Technology
Toyota and Suzuki announce they are working together on self driving car technology.
Toyota will take a 4.9 percent share of Suzuki Motor Corp and Suzuki will invest in Toyota
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22nd August 2019 Audi Daimler Ford and BMW Developing Alliance To Build Advanced Driving Assistance and Autonomous Systems According German Wirtschaftswoche Article.
The automotive manufacturers are collaborating on autonomous driving and parking systems.
The 4th industrial revolution is about to turn the automotive industry upside down rip up traditional business models and will come out the other side better and stronger but very different.
Many new features in cars and other vehicles that took a decade to normalise across the industry will need to be incorporated in a few short years. The automotive industry as always evolved but a revolution is under way.
Those who don’t keep up will be squashed to death!
Those that get on the bus will see a very different road ahead.
Those that resist change will cease to exist, and those that embrace change may or may not benefit from the changes
The pace of change within components that do or could go into vehicles is fast but the pace in which the automotive industry is changing is breath-taking, and its accelerating!
The world’s auto industry will have more customers demands to meet, but what are they going to deliver and when? Automated vehicles powered by renewable energy is nothing new. How quickly can society keep up with what is possible on the roads? Will automotive industry take to the skies! Will we get into autonomous vehicles AV and literally fly to work whilst playing computer games! Will the automobile get swallowed up whole by Google Apple and Sony?
The greatest challenge for the car industry is very similar to the greatest challenge for all gadgets gizmos plant machinery and equipment particularly those presently powered by carbon based power sources. Its battery technology that needs to change.
Tesla is leading the way not in cars but in batteries. Tesla batteries are being used to store power from the National Grid in the UK and then being fed back into the UK national electricity network when needed.
Decarbonisation is one factor driving the need to boost battery power for longer on remote items of plant and equipment like cars. However battery technology is key for all parts of global society for different reasons. In less well developed economies battery technology improvement will create new markets domestically and international trade development. In well developed economies like UK battery technology improvements will totally change what we manufacture and how we manufacture it.
Dyson cars will lock horns with Tesla cars but both will invest more in batteries than car design.
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3rd October 2018 GM and Honda New Project
General Motors and Honda have announced a partnership to develop and build an autonomous multi use vehicle together.
13th June 2018 VW Fined 1 Billion Euros By German Prosecutors
Volkswagen has been fined by German prosecutors for diesel emissions scandal. VW has already been fined by other countries for cheating the tests for diesel emissions. VW has agreed to pay more than 4 billion dollars to resolve criminal and civil penalties for installing illegal software in diesel engines to cheat USA anti pollution tests.
15th March 2018 Auto Parts Maker New Strategic Direction
Automotive parts supplier Magna International Inc will invest $200 million in ride-hailing firm Lyft. Their new partnership will develop and manufacture self driving cars.
20th February 2018 Ford Aims To Set Up German Bank To Offset Any Brexit Risk
Ford Credit Europe will remain headquartered in Britain and the new bank plans will not result in job losses or significant changes to where employees are based.
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You Control the Solutions to Your Business Problems: Exploring Creative Thinking and Problem Solving in Business
In the dynamic landscape of business, problems are inevitable. From operational inefficiencies to market challenges, businesses face a myriad of obstacles that require strategic thinking and effective problem-solving skills. The ability to identify, analyse, and resolve these issues is crucial for organisational success and growth. This article explores the significance of problem solving in the business realm, delving into the BusinessRiskTV model as a powerful tool for addressing challenges. Furthermore, it highlights the role of creative thinking in problem solving and provides three practical ways businesses can leverage creativity to overcome obstacles.
Understanding the Solution to Business Problems Before diving into the solutions, it is essential to grasp the concept of business problems and their significance. Business problems can range from operational bottlenecks to strategic dilemmas, and their resolution plays a vital role in maintaining competitive advantage and ensuring sustainability. By identifying the root causes of problems and employing appropriate problem-solving techniques, businesses can create innovative solutions that drive progress and success.
The BusinessRiskTV Model of Problem Solving The BusinessRiskTV model offers a structured approach to problem solving, enabling businesses to navigate challenges effectively. This model involves six key steps: problem identification, analysis, solution generation, evaluation, implementation, and review. By following these steps, organisations can systematically address problems, ensuring comprehensive and sustainable solutions. The model encourages a proactive mindset, emphasising the importance of continuous improvement and learning from past experiences.
The Importance of Solving Business Problems Solving business problems holds numerous benefits for organisations. Firstly, it helps optimise operational efficiency by identifying and eliminating inefficiencies, reducing costs, and improving productivity. Secondly, problem solving enables businesses to adapt to changing market conditions, seize opportunities, and stay ahead of the competition. Furthermore, effective problem-solving fosters a culture of innovation, empowering employees to think critically and contribute to the organisation’s growth.
Leveraging Creative Thinking in Problem Solving Creative thinking plays a crucial role in solving complex business problems. By encouraging fresh perspectives, challenging assumptions, and exploring unconventional solutions, businesses can unlock new possibilities and generate innovative ideas. This section explores three key ways in which organisations can utilise creative thinking:
a. Divergent Thinking: Encouraging brainstorming sessions and open discussions enables teams to generate a wide range of ideas. By embracing diversity and inclusivity, businesses can tap into the collective wisdom of their workforce and uncover unique solutions.
b. Design Thinking: This human-centered approach emphasises empathy, understanding, and collaboration. By immersing themselves in the customer’s perspective, businesses can develop innovative solutions that cater to their needs, preferences, and pain points.
c. Reverse Thinking: This approach involves challenging the status quo and flipping the problem on its head. By questioning assumptions and exploring alternative perspectives, businesses can discover fresh insights and uncover unconventional solutions.
Solving business problems is an imperative aspect of organisational success. By embracing the BusinessRiskTV model and incorporating creative thinking, businesses can take control of their challenges and pave the way for innovation and growth. The ability to identify problems, analyse their root causes, and generate effective solutions enables organisations to adapt to dynamic market conditions and gain a competitive edge. Moreover, by fostering a culture of creative thinking, businesses can unlock new perspectives and ideas, fueling continuous improvement and long-term success. Ultimately, the power to control the solutions to business problems lies within the organisation itself, and by leveraging their resources, knowledge, and creativity, businesses can overcome obstacles and thrive in an ever-evolving business landscape.
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Once you know what your biggest business problems are you can identify how to best use limited business resources to reap the quickest gains to achieve greater business success more quickly.
Too often people in business at all levels of the organisation are working extremely hard. This can be a problem because they can burn out whilst solving problems that do not matter to the achievement of key business objectives. Solutions include employing more staff to work on the same minor business problems then business leaders wonder why they are spending more without any increase in business productivity and no business performance improvement.
Improving business performance requires better use of existing key business assets for a better return in your investment of time and money.
Develop the quality and capacity of your workforce to achieve more for themselves and the business
Training employees to help themselves will help your business achieve its objectives by overcoming the biggest business problems more easily with existing resources.
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If you can answer this question immediately and with near absolute certainty then you should be performing pretty efficiently already. If not why haven’t you taken steps to remove barriers to your greater business and personal success?
Develop a new business management strategy with a new decision making process designed to help you identify evaluate and manage your biggest business problems more cost-effectively. If you can’t tell us what your biggest problems are in a very short summary of the key information then you haven’t truly identified your biggest critical business problems impacting on your business objectives.
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You could develop a new business strategy for success that is less complicated, cheaper to implement and brings greatest rewards if you change your thinking about business management.
This could be a pivotal momentum for your business
You either know exactly what you need to do today to change your business trajectory or you may need a little outside help. BusinessRiskTV can provide that help. If you do not need help we wish you well for the future. If you do need help get in touch below and tell us what you need help with.
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UK Business Leaders Finding Innovative Ways To Be More Successful
Business innovation is the most important way to beat other companies to find new income streams and develop profitability in the UK.
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UK Business Leaders must seize the opportunities which will flow from Brexit if they are to survive and prosper. Even incremental gains in existing business practices can help secure a more resilient future.
Business innovation doesn’t grow on trees! It needs a framework and a creative business culture to provide a real insight into how a business can change to take the opportunities it has in front of it.
If not how are you going to identify it? If you do how are you going to capitalise on it?
Develop your business processes to ensure that innovative initiatives reach into your business strategies to ensure more success in future that is more sustainable.
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Read articles and view videos on the latest Brexit developments opinions and reviews. Network with top business leaders to manage Brexit threats and opportunities better.
19th March 2020 Fishing Is Symbolic Of Taking Back Control
Many people perhaps most people in the city of London would happily sacrifice fishing rights to maintain financial services rights in Brexit negotiations.
Economically the fishing industry produces are 3 percent of UK economic output. Financial services produces many time that. The scales of economic sensibility suggest that it would be better for the UK economically to support the city of London.
However this is slightly misguided. The UK produces so little from fishing industry because of European Union quotas decimating the number of UK fishing boats. The UK could increase growth from fishing by increasing more boats in the fishing industry.
However the UK fishing industry will never overpower the economic sense of supporting financial services over the fishing industry.
The UK government must not submit to pressures to allow the same access to UK fishing areas. UK fishing industry should be rewarded for its support of Brexit. There can be ways of increasing income even with tariffs on UK fish products. Countries like Norway and Iceland can make it work.
Socially and democratically even with some economic detriment the UK government must support the UK fishing industry. Yes EU boats must have rights to fish in UK waters but rights to fish for UK fishing boats must be significantly increased at the end of 2020. Democracy is more important than economic prosperity.
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Brexit Guide Brexit Business Risk Assessment Analysis News and Opinions
Read our latest analysis on the consequences of Brexit. What is your Brexit risk assessment? How do you seize the opportunities a Brexit will present to your business? How do you mitigate the threats from Brexit? Only a careful, positive risk management approach will ensure that Brexit will work well for everybody in the UK.
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14th February 2020 With The Departure Of The Chancellor The Last Significant Remainer Forced Out Of UK Government
With the UK Chancellor resignation yesterday Boris Johnson has purged his government of the last significant block on a no deal Brexit. The European Union EU must now know it must do a fair deal with the UK or face no deal Brexit at the end of 2020.
The UK is now closer to a no deal Brexit than it ever has been.
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With the next UK budget in March expected to open the spending taps to new infrastructure and an uplift in government investment the UK will be better prepared for a no deal Brexit than it ever has.
It is likely that the UK will face face short term economic bumps from no deal Brexit but the length of the disruption will depend on how well the UK plans for its future outside the EU.
Prepare your business for all eventualities with our Brexit Marketplace.
20th December 2019 German Economy Saved From Recession By Brexit
A clear programme for progress on Brexit has helped Germany avoid a recession according to Germany Economy Minister Peter Altmaier in remarks published on Friday.
Although there could yet be a no deal Brexit at the end of 2020 if the EU and UK do not agree a deal during transition period at least German businesses know with certainty that the UK is leaving the European Union.
Germany still faces a potential trade war with USA as part of European Union. The UK will look to strike a free trade deal with USA that would avoid any trade war between USA and EU.
12th December 2019 Exit Poll Suggest Conservative Party Majority For Brexit Majority
30th October 2019 Brexit Not Resolved Yet Vauxhall Vans Commit To UK Van Production
Vauxhall announces further commitment to automotive production in UK regardless of Brexit outcome. Next generation of Vivaro vans will be built in Luton.
23rd October 2019 Still Most Likely That Brexit Deal Will Pass But After A Brexit Extension
Ex Tory MPs who lost the whip would not be able to stand as Tory candidates at the next General Election if Boris Johnson gets a General Election now. The exTory MPs that blocked Brexit on 31st October 2019 with their Surrender Act presumably will want the Whip reinstated if they want to present themselves as a Conservative Party candidate at the next General Election.
An extension to Brexit is unavoidable now due to the application of the Surrender Act. Before it was brought into force in days by MPs intent on blocking Brexit it would have been possible though not guaranteed that Brexit could have been done on the 31st October 2019. Surely Boris Johnson would not take such MPs into a General Election with the Conservative Party?
The most likely outcome at this stage is for the UK parliament to approve Britains Withdrawal Agreement with the European Union. To enable such a legal position to pass it will need more time. An extension is inevitable but it will either be a technical extension to get the Withdrawal Agreement through parliament or an extension to end of January 2020 to enable a General Election to take place.
It is unlikely that the Tory rebels and Labour Remainer MPs will succeed in their attempt to block delayed Brexit. The UK will then hold a General Election.
Ideally the Labour Party leadership probably favour the Conservative Party taking the UK out of the European Union EU and then then suffering the inevitable short term business lifestyle and economy disruption. Labour could then capitalise on that with their policies that would otherwise have been blocked by EU rules and moderate the Brexit achieved by Conservative Party by opting in for a softer Brexit. However we do not live in an ideal world so the Labour Party will probably need to fight the next imminent General Election with a deliberately fuddled Brexit Policy in the hope that its other policies will win over the UK electorate in sufficient numbers to win power.
If the UK gets a General Election the current best bet is that the Conservative Party will run a minority government with a handful of new Brexit Party MPs who have won previously safe Labour Leave voting seats. This will probably mean a no deal Brexit or Brexit based on the deal agreed by Boris Johnson with EU.
9th October 2019 Do Not Let Your Business Be Paralysed By Political Events
Political events can impact negatively or positively on your business. However procrastinating because of Brexit uncertainty or trade war between USA and China and Europe is not good for your business.
By taking the right precautions your business can still make progress towards your business objectives and even speed up successful attainment of objectives.
25th September 2019 Supreme Court Judgement Makes Extension To Brexit Date and General Election In November or December 2019 More Likely
Although not the motivation of the Supreme Court judges the result is that a new Brexit deal before end of October is now impossible. There is no incentive for the European Union EU to make any significant changes until after an election or a referendum.
Although Boris Johnson has said he will not ask for an extension to Brexit he will. He will explain he has done everything possible to exit the EU at end of October. However he will say correctly that the Remainer MPs in UK parliament have to use a Scottish judge word stymied any renegoitation with EU.
The Supreme Court judges judgement has triggered the starting pistil to a UK General Election before the end of 2019 sooner rather than later. Before the judgement there was a slim chance of a new Brexit deal before end of October. Now the only chance is no chance. The door has closed not because of their legal decision but because they were asked to make a decision.
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The Remainer MPs will get their wish of an extension before the election but at the cost that the General Election will be fought on the basis of the People v The Parliament.
Around three quarters of MPs in the UK parliament are Remainer MPs unwilling to take the UK out of the European Union despite the vote of the vote in 2016 to leave.
this Parliament is a disgrace
Attorney General Geoffrey Cox told MPs that current UK parliament is a dead parliament and will is too cowardly to call an election UK Parliament 25th September 2019
Although it will be close it is more likely that Leavers will beat Remainers in the General Election. Whether they will do so in sufficient numbers to make UK parliament governable again is very much in doubt. What is certain is that the UK will now reap the whirlwind of the most vitriolic election campaign ever experienced in UK.
All that we can really hope for is that there is a clear winner before the end of the year as an extension of the current impasse will damage the UK economy.
Perhaps the only good thing to come out the Brexit impasse is that with each day the UK is better prepared for a no deal Brexit should the UK vote for Brexit in the coming General Election. Whether the UK leaves or remains the UK will come out of this impasse for the better economically. How the UK will come out of the impasse socially and culturally will not be known until we look back in 10 years time.
20th September 2019 Next Crucial Period Of Brexit Is Mid October
Assuming the Supreme Court realise that courts should not be meddling with political decisions next week then the UK and Europe face a nervous run up to mid October.
There is increasingly positive mood music coming out of Europe about the prospect of doing a Brexit deal with the UK. It is likely that the Brexit deal will be one that kicks the most difficult parts of the deal towards the end of the decision making process like the border between Ireland and Northern Ireland.
The question from the UKs point of view is will the hardline no deal Brexiteers agree to bend on the deal and will the MPs in the Labour party who have heavy Brexit leaning constituents vote for whatever new deal comes back from the new Brexit negotiations.
The Eurozone is struggling to cope with the global economic downturn on top of its historic issues falling the financial crisis. Of greatest concern is the likely recession in Germany dragging the rest of Eurozone economy down with it.
The UK should leave on the 31st October 2019. The key players in the Brexit negotiations are being pushed into a deal from opposite directions. It has never been truer that both the European Union and the UK need a deal. If the UK parliament does not vote for the new Brexit deal they will reap the wrath they have created.
17th September 2019 Claims That Consumers In UK Are Stockpiling Essential Products Are Found Less
There is no evidence that Britons worried about the possibility of disorderly departure from the European Union EU on 31st October are stockpiling essential products
market researcher Kantar
5th September 2019 Next Key Date On Brexit Is Monday 9th September
UK government has let through bill to stop no deal Brexit. Next Monday the UK government will try again to successfully ask for General Election that will largely be based on Brexit issue.
If the UK government does not successfully bid for a General Election then the Brexit debate will once again lurch out of control in ways that are unclear. However if the UK government successfully receive a General Election on Monday then it will happen on 15th October. The winner will determine if there will be a Brexit or not.
There is a General Election coming. When is uncertain.
4th September 2019 Impact On UK Economy Of No Deal Brexit Reduced
Mark Carney Governor of the Bank of England the UKs central bank which decides on interest rates tells MPs on Treasury Select Committee for UK lawmakers that GDP impact of Brexit has been reduced.
Mark Carney was speaking at todays Treasury Select Committee public meeting.
4th September 2019 Will The UK Have A General Election Before The End Of October 2019?
The current UK Prime Minister wants a General Election on 14th October 2019. He may be prevented from having one by current MPs.
Tomorrow or Friday may be the crucial day on defining whether the UK Prime Minister will be granted a General Election before the end of October 2019.
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The UK Prime Minister will lose the new bill debate today aimed at preventing no deal Brexit. He will try again tomorrow but tomorrow (or Friday) will have lower bar to pass to enable a General Election to happen before the end of October 2019.
The UK will have a General Election before the end of the year but whether it happens before end of October should be decided this week.
1st August 2019 UK VAT Registered Companies Will Be Given A Registration Number In Next Two weeks That Allows EU Customs Authorities To Identify Them
The admin paperwork to continue trading with EU in event of no deal Brexit is called an Economic Operator Registration and Identification EORI number.
UK chancellor Sajid Javid automatic enrolment of VAT registered businesses will help ease the flow of goods at border points and support businesses to trade and grow in event of no deal Brexit.
1st August 2019 Euro Zone Purchasing Managers Index PMI For Manufacturing Firms In July Fell To Lowest Level Since 2012
Many economists in UK say the UKs drop off of manufacturing activity is down to Brexit uncertainty. However eurozone manufacturers drop off in production and indeed global manufacturing production drop off is not down to Brexit uncertainty.
5th July 2019 Jaguar Land Rover JLR Is Investing Hundreds Of Millions Of Pounds To Build A Range Of Electric Vehicles In Castle Bromwich Birmingham
JLR are making plans for the future whether Brexit happens or not. Whether Britain no deal Brexits or leaves with a deal or does not leave European Union EU will not affect many automotive manufacturers strategic decisions to stay in UK.
It is perfectly right for car industry to lobby UK government for the outcome it prefers. However the automotive industry is perfectly robust enough to take on all risk factors to survive and prosper.
In January JLR announced that its new battery making facilities would be located in the Midlands. The new plant will be most technologically advanced in the UK according to JLR.
1st July 2019 NTT Ltd Opens For Business In London At Height Of Brexit Crisis
Nippon Telegraph and Telephone Corporation NTT Corporation is one of Japans largest telecom businesses. It has launched its international focused subsidiary NTT Limited and picked London as its global headquarters.
NTT Limited is a merger of NTT Communications Dimension Data and NTT Security into a single business based in London.
NTT Corporation president and CEO Jun Sawada said launching NTT Ltds HQ in London shows its commitment to the UK remains extremely strong.
It demonstrates that Britain will remain a tech leader regardless of whether the UK remains or leaves the European Union EU.
21st May 2019 EU Would Rather Have The UK Pissing Into Tent Now!
The biggest change from the the results of the European Union EU is that the rest of the EU will no longer put up with the UK pissing out of the tent. They will become resigned to and prefer the UK to leave the EU an piss into the tent!
Until the EU elections 2019 UK political leaders thought they could pick and choose when it leaves the EU. Now the rest of the EU leaders will be thinking they do not need such an unruly member.
The UK is unlikely to get an extension beyond end of October 2019 even if it wants one. The EU will get little benefit from amending the deal already negotiated with the UK. The UK is closest to leaving the EU without a deal than at any time including immediately after the EU Referendum in 2016.
Back in 2016 the UK had more choices. Now the UK needs to leave without a deal at end of October or revoke article 50 and remain in the EU. The time for compromise has come to an end.
The UK parliament should vote on these two options immediately it returns after the summer break. The parliament can then spend time putting the vote into action.
The MPs will then face the public at the next General Election and have to justify whichever way they voted.
15th April 2019 Investment In UK The Highest In The World Regardless Of Brexit Chaos
Big 4 accountancy firm EY has reported that following its survey it found that Britain is the top place to invest in the world for the first time since EY started surveying investment market 10 years ago.
The reason investment has hit a record high according to EY is the English language is the language of business and the UK has a highly skilled workforce together with expanding technology base.
The low value of the UK pound has also made UK business cheap to invest in for overseas businesses keen to take advantage of undervalued UK businesses.
29th March 2019 On The Day The UK Should Be Leaving The European Union EU The Mother Of All Parliaments Says No Non Nein
MPs reject Theresa Mays EU withdrawal agreement by 344 votes to 286 a majority of 58. The UK is facing either a no deal Brexit on the 12th April or a long extension to Article 50 which will include the UK voting in EU elections in May.
The Prime Minister and the UK government seem to be holding out hope that the deal on the table with the EU will get still get through before the 12th April. How this would happen is highly uncertain.
22nd March 2019 No Deal Brexit Most Likely Outcome Of All Most Unlikely Outcomes
The UK is entirely fragmented politically. Each fragment has hurried off to respective camps and are digging in instead of looking for compromise.
Theresa May seems to have grabbed defeat from the jaws of victory after blaming UK MPs for Brexit logjam. Almost anything is now possible as the fragments of the UKs political community are resisting any coming together.
Mays Brexit deal could get through in a 3rd Meaningful Vote before the and of next week or the new deadline in April
The UK Prime Minister may do what she has said all along which is take the UK out of European Union EU on 29th March with no deal Brexit
UK parliament takes control over the Brexit process and before the EUs new deadline apply for and get a very long extension to Article 50 giving it time to put together a newer softer Brexit and or bring about a 2nd referendum on leaving the EU.
Many now believe Mrs May will take the UK out with a no deal Brexit next week but whether she will be allowed to do that by the UK parliament remains to be seen.
Brexit uncertainty has never been higher but next week it will continue to increase not reduce.
21st March 2019 Next Says No Deal Brexit Would Bring Lower Prices In Shops
Retailer Next says lower trade tariffs under no deal Brexit could save it 15 million pounds and allow Next to cut prices for shoppers in UK.
21st March 2019 No Deal Brexit Would Significantly Harm European Union EU
Barclays bank Chairman John McFarlane says a no deal Brexit would significantly hurt the European Union economy and a deal on financial services between Britain and the EU is likely whatever form Brexit takes.
He expects that trade would continue between the financial sector in London and the EU after Brexit.
19th March 2019 Theresa Mays Brexit Deal More Likely After Speaker Of House Of Commons Intervenes Into The Brexit Process Again
Yesterdays spanner in the Brexit process works by the Speaker of the House Of Commons has made it more likely that the UK Prime Ministers Brexit deal will somehow be approved. Where there is a will there is a way.
If this is the case then the UK economy will be boosted. The boost will come from private investment and massive public spending Brexit dividend promised by UK Chancellor. The downside risk is that the boost to UK economy will also accelerate UK interest rate rises.
The Brexiteers need to fall in behind the current Brexit deal or suffer no Brexit or softer Brexit.
14th March 2019 Third Meaningful Vote Expected Within A Week
Theresa May will try third time to get her EU withdrawal deal through Parliament. She is hoping to win over more Brexiteers on basis that they if they do not back her Brexit deal they will endure at best a long delay on getting Brexit or not get Brexit at all.
The UK government will at the very least need to ask the EU for a short delay on Brexit as there is not enough time to get Brexit through assuming Mays deal does get approval in the next week.
Last night an updated motion to reject a no deal Brexit under any circumstances was passed by 321 to 278 a majority of 43. Whilst not legally binding it is clear that parliament will find a way to prevent no deal Brexit ever happening.
Brexiteers realise they now face the likelihood of exiting the European Union EU via Mays Brexit deal on the table or softer Brexit like Norway Option or no Brexit. Which way will they jump in next week!
13th March 2019 UK Government Announces Tariffs On Imports Post No Deal Brexit
Most UK imports by value will not attract a tariff in the event of a no deal Brexit. Tariffs would protect some industries including farm produce. Such a change in UK imports is likely to increase the competitiveness of non European Union imports compared to EU imports though most EU imports would also be tariff free.
Tariffs on cars imported to UK would attract a 10 percent tariff though car parts would be tariff free.
The UK government also announced that it will not introduce any new checks or controls or require customs declarations for nearly all goods moving from across the border from Ireland to Northern Ireland in the event the UK leaves the EU without a deal.
12th March 2019 Theresa May Says She Has Legally Binding Changes To Her Brexit Deal
European Commission President Jean Claude Juncker warned if the deal was voted down there was no third chance to change a deal that could be agreed by both parties.
Hard line Brexiteers will not agree to anything short of no deal Brexit. Hard line Remainers will not agree to anything short of another referendum. It looks likely that the Second Meaningful Vote on the Brexit deal on the table will fall by less of a margin but how much of a margin is unclear.
It is clear that short term risks to UK economy will be lessened by agreeing the Brexit deal currently on the table
It is clear that the risk of the UK being trapped in the Backstop has lessened by the revised Brexit deal agreed with the European Union
What is unclear is the long term ability for the UK to finally leave the European Union fully.
Taking a balanced risk view of the short to long term the UK parliament should fulfil the decision of the British people to leave the European Union on the revised Brexit Deal. Should the UK legislators fail to vote to approve the Brexit deal the UK will be thrown into a crisis of government politics and business.
Business leaders will not know whether the UK will ever leave the European Union or whether it will end leaving with no deal. There may be one more Third Meaningful Vote before the end of March 2019. This is the most likely outcome of the developments this week. What the outcome of a Third Meaningful Vote will be is anybodies guess! However it will be incredibly close on whether the revised Brexit deal will eventually be voted through by the UK parliament.
UK MPs should remember that the best deals involve a win win for both parties not a lose lose win lose or lose win for the European Union and UK.
If the revised Brexit deal is not voted through and Brext with no deal is taken off the table then there must be a General Election in UK to revise the make up of the UK parliament. Then the new parliament must work on a revised Brexit deal. To revisit the Referendum before the last Referendum result has been implemented would create greater social and political damage which would continue for longer. Not only is it likely to result in a call for a third Referendum result but it would lead to another Referendum on Scotland leaving the UK.
All of these options would create greater chaos for business and economy for years. The only option which will protect short to medium and perhaps long term business environment is to accept the Brexit deal currently on the table.
15th February 2019 Retail Sales Jump More Than At Any Time Since December 2016
The Office for National Statistics ONS reports the amount of goods sold rose by 4.2 percent in January year on year the biggest annual rise since December 2016.
UK consumers show that record employment levels and rising standard of living will keep them spending regardless of Brexit. Wages continue to outstrip inflation indeed as inflation rate slows and wages increase faster the UK standard of living is accelerating.
27th December 2018 French Constriction Group Shows Confidence In UK Economy Post Brexit Deal or No Deal
Current Gatwick owners Global Infrastructure Partners GIP will sell a 50.01 percent stake to Vinci Airports. Vinci Airports has over 40 airports globally across Europe Asia and the Americas.
Gatwick is already the UKs second biggest airport and the 8th busiest airport in Europe by passenger numbers. However Vinci Airports will need to get significantly more than 3 billion pounds out of Gatwick purchase before it can start to turn extra value out of the investment. Where will it come from if Brexit crashes the UK economy?
26th November 2018 Brexit Plan B Most Likely End Destination For UK EU
The Sun newspaper is reporting behind the scenes discussions at UK government level to agree an EU UK Plan B when Plan A fails to get approval in the UK parliament.
Norway EFTA Plus deal most likely end result of Brexit negotiations by March 2019?
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Plan B is for the UK to join the European Free Trade Association EFTA. The Sun says government Secretaries on Remain and Leave side of the argument Michael Gove and Amber Rudd are trying to set up the UK joining EFTA temporarily enroute to eventual full Brexit.
Such a plan is likely to get through the UK parliament with with help of scores of Labour MPs at the expense of Conservative party unity.
Brexiteers in the Tory party are unlikely to vote for EFTA.
Would enough Labour MPs back an EFT Plan B deal to make it work if the EU agreed to enter such a Plan B?
The EU says there is no other deal it is prepared to sign.
Would Germany and France really face up to a no deal Brexit after appeals within UK for General Election and second referendum fail if there was a viable Plan B EFTA deal on table proposed by UK?
Would the existing EFTA members let the UK in enroute out of the EU?
Would an EFTA deal result in the formal split of both the Labour party and Conservative party in UK?
Would the UK left and right politicians come together in a new UK party occupying the centre ground to become a viable third party in UK politics?
25th November 2018 EU27 Endorsed Withdrawal Agreement and Political Declaration on the future EU UK relations following Brexit In March 2019
EU leaders have approved an agreement on the UKs withdrawal and future relations. The EU27 say that deal agreed by the remaining 27 European Union EU countries is the only deal that is and will be on the table. Future relationship includes
Relationship to based on free trade without tariffs on either side
Continued cooperation on national security
End to free movement
The rubber stamping of the deal took less than 40 minutes at the meeting of EU27 leaders. However 20 months of negotiations is now at an end according to EU27 leaders and UK.
The agreement has yet to be agreed by the UK Parliament. The UK is scheduled to leave the EU on 29 March 2019. European Commission President Jean Claude Juncker said anyone in Britain who thought the EU27 bloc will offer improved terms if MPs rejected the deal would be disappointed.
The UK Parliament is expected to vote on the deal in early December. If the deal fails to get through the UK parliament it is likely that the UK Prime Minister will resign and then all bets are off. Possibilities could include
UK General Election where membership of the EU will be a critical element of the decision though it is not known what the Labour party in UK will have in its manifesto in such an event so how could voters choose which party to vote for. Last General Election 85 percent of UK voters voted for partys which wanted a Brexit.
Another Referendum on membership of the EU but what would be on the ballot. More than one option? Deal or no deal? Deal or Remain part of EU?
Another Brexit deal negotiation with EU on basis of UK parliament voted down first deal. However the EU27 say there is no other Brexit deal except no deal.
No politician in UK parliament or who has left parliament or any political commentator knows for definite what will happen if the UK parliament does not back the EU deal on the table. However most say that the EU deal will not get UK parliament approval ever.
If a General Election in UK or another Referendum did happen that did not have a clear cut decision what would happen?
If another Referendum was to switch to Remain in EU what happens next a third Referendum best of three?
In either of the the above voting processes what damage would UK society and economy suffer? One UK MP was killed during the last Referendum and many people were threatened with their lives.
The least damaging route in short term is for the UK parliament to back the EU UK deal on the table. Whether that is in the long term interests is not clear. The only thing that is certain is Brexit uncertainty is reaching its peak.
19th October 2018 View Of Brexit From German Industry
German industry association BDI has warned that both German and British companies are staring into an economic abyss if there is a no deal Brexit.
The remaining EU27 countries export more to the UK than any other country. More than to China or USA.
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Germany exported 84 billion euros worth of goods to the UK in 2017.
14th October 2018 No Deal Brexit Would Not Be Disaster
According to UK industry leading CEO a no deal Brexit would not be a disaster for the UK economically.
A standard free trade deal of the type agreed between Canada and the EU could cause EU economic growth loss of 0.8 percent.
A soft Brexit with the UK out of the customs union but retaining access to the single market and agreeing to abide by EU rules would imply almost zero cost for the EU as a whole IMF Report.
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9th July 2018 Brexit Secretary and Foreign Secretary Resign Over Brexit
David Davis Brexit Secretary and Boris Johnson Foreign Secretary resign from UK government over the Brexit policy decisions taken by Prime Minister Teresa May.
29th June 2018 Exports Goods and Services At Record High and Trade Gap Narrows
Trade figures released by UK government revealed that in the 12 months to March 2018 UK exports were at an all time high.
EU countries represent around 40 percent of all exports from UK.
Research from Barclays Corporate Banking found that around two thirds of consumers in India and China and around half of consumers in the UAE were prepared to pay more for goods made in the UK because they perceive the quality as higher.
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The trade deficit with the world continued to narrow to 80 billion pounds which is the narrowest UK trade deficit since 2012.
13th June 2018 Global Tech Companies Are Confident In UK Economy
Tech company Salesforce have voted in the UK with their 2.5 billion dollars of their money by announcing a massive investment in the UK over next 5 years. It clearly thinks it can grow further in UK and it could not do that unless the UK economy is strong.
Amazon is to create another 2500 jobs in the UK bringing total workforce in UK to 27500. Google Apple Snapchat and other global tech companies continue to invest in the UK economy.
11th June 2018 Where In The World Got The Highest Foreign Investment in 2017?
Despite Brexit the UK is still the place most overseas investors want to invest their money compared to rest of Europe.
23rd April 2018 – Financial Services Increasingly Confident In Brexit
The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London’s hopes of retaining its status as a top global financial centre.
Many in the City Of London now believe the remaining European Union EU members will go for easy access to financial market in London based on increased equivalence to prevent disruption to business anywhere in EU.
4th April 2018 – Peugeot Plans New UK Van Production In Luton
Vauxhall plant in Luton chosen by PSA Group to manufacture a planned new van. This demonstrates confidence in UK of a major automotive maker post Brexit.
19th March 2018 – UK and European Union EU Agree Terms For Brexit Transition To UK’s Withdrawal From EU
Brexit negotiators Michel Barnier and David David announce they have agreed term for a transition period in a major breakthrough “decisive step”.
The transition period will run from 29th March 2019 to December 2020 and may lead to the orderly withdrawal of the UK from EU.
In addition, there was also an agreement on the rights of EU citizens in the UK and the rights of UK citizens in the EU.
EU member countries have still to sign-off the agreement on the transition period, perhaps at an EU summit this week. If the EU members agree, then the negotiators will move on to discussions on a permanent future relationship agreement by August 2018 with a view to Brexit in March 2019.
The financial markets liked what they heard and the pound jumped in value.
27th February 2018 Small Medium-Sized SME Factories Sales Expectations Near 3 Year High
Sales expectations of SME factories in UK are near 3-year high due to strong global economy growth and low value of the pound.
National Manufacturing Barometer survey has revealed manufacturing to be the fastest growing sector of Britain’s economy in the final quarter of 2017.
The survey also revealed that more than half of SME manufacturers plan to invest in plant and machinery over the next 6 months. SME manufacturers in UK are more confident in their prospects in 2018 than they were in 2017.
The National Manufacturing Barometer surveyed 320 companies in January 2018
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26th February 2018 Two Labour MPs Discuss Brexit Negotiations
17th January 2018 Deutsche Bank Only Moving Hundreds Jobs Out UK Not Thousands Post Brexit
Deutsche Bank is headquartered in Germany had has told reporters that it will not need to move thousands of UK jobs to the continent post-Brexit. Stefan Hoops, head of Deutsche Bank’s capital market division in Germany explained that they would need to move fewer staff than many have said in the past. One executive previously said 4,000 staff would need to move but the numbers would actually be in the hundreds.
Last week Deutsche Bank Chief Executive was reported as saying that initially several hundred jobs would be created in Frankfurt, Milan and Paris but that is not the same as moving jobs from London.
16th January 2018 Bank of England Thinks Free Trade Deal With EU Including Financial Services Post Brexit Is Possible
It may take three years or more, but contrary to the EU’s chief Brexit negotiator, Michel Barnier, it is possible if the remaining EU27 are prepared to agree such a free trade deal with UK.
Sam Woods, the Bank of England’s deputy governor in charge of Prudential Regulation Authority PRA says a three period to agree a free-trade agreement including financial services could happen because unlike other countries seeking such a free-trade deal, the UK’s financial services are already aligned in terms of financial services rules and supervision.
Sam Woods comments came during his appearance in front of MPs on the Treasury Select Committee.
8th January 2018 City Of London Says Brexit Job Loss Fears May Have Been Exaggerated
The City Of London EU envoy, Jeremy Browne, has been reported as saying that bankinginsurance and asset management job losses to the European Union (EU) may not be as severe as suggested by many including the UK’s ex-Chancellor and now editor of Evening Standard.
Most people were shocked, but that doesn’t mean the implementation of the Brexit vote will be bad for business.
The UK may yet not leave the European Union EU. Great forces will try hard to stop the democratic vote of the people being fully implemented. The people may even change their minds. Anything is possible.
When anything is possible there is increased risk
Increased risk means increased opportunities for growth as well as increased threats.
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If businesses invest their time and energy in controlling the threats from a Brexit and seize the opportunities the UK will benefit from a Brexit. If business leaders can not change or do not have an innovative mindset a Brexit could be bad for the UK economy.
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