The Office of National Statistics released official figures last week showing the UK is now officially in recession.Gross domestic product (GDP) for the October to December 2023 quarter dropped by 0.3%. This followed a fall in the July to September 2023 quarter of 0.1%. A fall in GDP in two or more consecutive quarters constitutes a recession.Experts will generally assess the health of an economy on a number of factors, rather than solely look at the headline GDP rates. However, the “recession” word quickly takes hold in news headlines and brings apprehension and uncertainty with it.
In an era marked by heightened environmental awareness, businesses across the United Kingdom are facing a dual imperative: to meet the growing consumer demand for sustainability and to comply with an increasingly stringent regulatory framework.
As the United Kingdom continues to navigate the complexities of its post-Brexit reality, the landscape of trade with the European Union and beyond undergoes significant transformation.
The landscape of work is undergoing a profound transformation, driven by rapid technological advancements and evolving work styles. In the UK, as in much of the world, this evolution is not without its challenges.
The ongoing war in Ukraine has significantly exacerbated existing tensions within global energy markets, leading to significant price surges and highlighting the vulnerability of our energy infrastructure.