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We are on the threshold of a new era of economic prosperity in the UK

Believe in your future in the UK with BusinessRiskTV.com

Are you worried about the UK economy? Do not listen to the naysayers! The UK is set to have its best decade for decades! Look forward to greater prosperity in the UK with BusinessRiskTV help tips and advice.

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In a survey out today by one of the most respected global economic watcher UK consumers have agreed with us. The UK consumer in February is more confident in the UK economy that it has ever been recorded on the index since it started 11 years ago.

Now confidence does not stop financial disaster as we all found out in 2008. Other things can still damage value like the coronavirus for example. However the UK is better placed than any country to quickly respond and react to major economic shocks.

Most economic forecasters got Brexit vote wrong socially and economically. The UK has not lost hundreds of thousands of jobs. It has created hundreds of thousands of jobs which means most forecasters were out by more than a million jobs. They want the UK to fail to prove themselves right and if the UK does not fail they will find a reason why they were not wrong but they were.

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Our UK online magazine has today advocated many reasons to be positive in the UK economic outlook for the future for UK consumers and for businesses in the UK.

We believe in the UK economy and most UK consumers are currently with us. If you wait until the business environment is perfect for your business expansion you will pass opportunities for growth to your competitors in the UK.

If you want to find reasons to be positive innovative and constructive to strive for greater success then subscribe to BusinessRiskTV for free today

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The UK economy performed relatively well compared to most of Europe. The UK economy has been a job creation machine with record low unemployment levels over recent months. However UK productivity has been poor. UK business leaders need to find new innovative ways to do more business in the UK.

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Reinvigorate local town and regional economies is the key for UK plc economic growth as a whole. BusinessRiskTV supports business start ups and SMEs seeking to grow faster with less uncertainty.

Whilst the London economy is the biggest net contributor to UK government receipts and UK economy as a whole the UK economy can grow faster if all parts of the economy receive equal investment. Recent years has shown that London has received a disproportionate level of investment per head of population. If the distribution of investment was more equitable per head of population then the UK pie as a whole will grow faster.

BusinessRiskTV promotes economic growth and regeneration across the UK. We will review efforts to stimulate economic development in the UK. In addition we can help your business with its business development and growth strategy.

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Both the public sector and the private sector in the UK need to invest in its future. All of the UKs political partys promised massive investment in the UK. If the Conservative Party misses this opportunity to boost UK economic growth then it will not be forgiven for decades.

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The UK General Election result means that the UK

The UK has a skills gap crisis. Not enough people have the skills needed to grow the UK economy needs. The UK government and private sector needs to massively invest in retraining its workforce.

Now is the perfect time to invest in the UK. We are entering the 4th industrial revolution. The UK political uncertainty has been removed or at least greatly reduced. Not everyone will agree with the political direction but at least we now know the UK has political direction. UK plc needs to decide how it is going to prepare itself for the future.

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UK Economy Underperformance

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The UKs prime reason for underperformance is Brexit uncertianty. Will the UK leave the European Union EU? If so when will it leave and how? Will it leave with a deal with the EU or without. Whether Brexit is good or bad for UK is not causing UK economy underperformance. It is the uncertainty surrounding the Brexit issue which is causing the UK to underperform.

The global economy slowdown suggests the UK economy should be expanding slower than fairly recent trends. However within this UK economy slowdown caused by global economy slowdown the UK economy should be performing better than it currently is.

Although the UK has slipped of record high employment levels the UK still has near record low unemployment levels not seen since 1970s. In other words the UK has been exceptionally good at producing jobs. Indeed there are still around 800000 job vacancies in the UK.

This year much investment has been put on hold until clarity on the UKs role within Europe becomes clearer. If the upcoming General Election on 12th December 2019 can unblock the uncertainty then there will be an unblocking of investment by private sector.

In addition all political parties in the UK have promised massive public spending investment in the UK economy. So the UK can expect a massive boost to its economy in 2020 and beyond. The UK is set to put its economy underperformance behind it even though the global economy is still likely to run relatively cold.

The fundamentals of the British economy are already very strong. House prices on average have stayed in positive territory. Unemployment levels are near record lows. Inflation is very much under control. Fuel prices should remain low due to poor global economy performance in 2020. If the investment taps are opened full bung then the UK economy in 2020 is set to expand faster than 2019 and much faster than its economic peers in Europe.

Many economic forecasters are undercooking the UKs prospects in 2020 suggesting economic growth around the 1 percent mark. This greatly undervalues the effect of investment IF the investment taps are opened by the private and public sector. If the investment taps are not opened then the UK will continue to underperform economically.

Internationally it is likely that global trade wars will continue until after the USA Presidential Election. This will dampen global economic growth in 2020.

Many of these same economic forecasters projected a UK economic recession in 2019. They were wrong about that and they will hopefully be wrong about the UKs economic performance in 2020 and beyond.

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The global economy is recovering slowly. 2018 could see a leap in global business activity as key countries like China and America suck in more trade and export more. Some Eurozone countries are growing very fast in comparison to recent years and the Eurozone as a whole is growing once again.

Find out how risks in the biggest countries or trade areas in the world creates threats and opportunities for your business wherever you are in the world and wherever you want to export to.

It would help if the G20 countries could create business opportunities more than they create threats for the benefit of the whole world including emerging economies. However you may also need to take actions to mitigate the impact of these countries on your business.

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Know the key business risks impacting on your business objectives and understand how to manage the risks better.

Not all risks need to be managed. Some should just be identified assessed and accepted to achieve your business objectives. You need to consider the kinds of events that could pose a risk to your business and take steps to mitigate them. You also need to identify and assess new business opportunities so you deploy business assets for best return.

Examples of business risks under review

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  • Regulatory Compliance Risk. Changing health safety or environmental legislation or a new court case setting a new precedent.
  • Financial Risk, Changing interest rates creating new business opportunities or threats
  • Operational Risk. Fire taking out key production line plant or equipment.

Manage such risks better to reduce of lower than anticipated profits or increase the chance of higher profit and business growth.

Identify which business risks threatening your business or creating new business opportunities to achieve greater success

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Business is about taking risks. However taking more informed risks will help you achieve what you want for your business with more confidence.

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Your Business Forecast To Grow Faster Than The CBI Thinks

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CBI does not speak for all UK business leaders.

Confederation of British Industry CBI Is Politically Motivated and Industry Biased Reports

Absolutely no one can state with absolute certainty what the impact of Brexit will be on UK economy. Most of the articles on the impact of Brexit are politically biased Leave or Remain as there is still a fight for the result of the real Brexit vote.

Many reports including the ones from the CBI are also industry biased. The industry most likely though not guaranteed to suffer if and when the UK leaves the European Union EU will be the financial services industry. This particular industry could actually also be the main industry benefactor from Brexit too but a lot will depend on the end deal with the EU.

Most business leaders in the UK can not control Brexit but they can control the impact of Brexit on their own business

Do not let the CBI the media or your mother dictate how you react to Brexit should it eventually happen. Deal with what you know for certain. The value of the UK pound has fallen against a basket of foreign currencies because the financial markets do not like uncertainty and it is highly uncertain if there will be a Brexit, and if it happens what kind of Brexit it will be. The UK certainly has a massive opportunity right now, never mind March 2019 or later to sell more overseas.

UK business leaders need to lay the foundations for a better future whether Brexit happens or not

Seize the day! The devaluation of the UK pound will remain as it is or devalue further over the next few years unless Brexit is stopped. This devaluation negates most of the trade tariffs that could be imposed by EU or are imposed by other non EU countries already.

Don’t wait for tariff free agreements from wherever they might come. Tariff free agreements could become the cherry on top of the cake for UK international traders. Tariff free agreements could also boost the value of the pound and there will be no net benefit from the signing of tariff free agreement in terms of the cost of your products or services to overseas buyers from your business in UK.

UK business leaders will look back on this period of UK economic history and think they missed a massive business opportunity to sell more overseas

This is the time to sell more overseas not when free trade agreements have been signed if they ever get signed.

Economic uncertainty has brought a massive opportunity as well as threat to UK businesses. Many UK business manufacturers have already exploited this perceived UK economy weakness to export more. If you want to concentrate your focus on the UK domestic market alone, then we wish you well.

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