Tag: CBI

UK Private Sector Contracts for 8th Consecutive Quarter, New Research Shows

March 30, 2023
Bank of EnglandBusiness & MarketsCBIeconomyinflationinterest ratesUKWorld
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The UK’s private sector shrank for the 8th quarter in a row at the start of 2023 but is expected to return to growth in the next quarter, according to new research. The Confederation for British Industry (CBI) said in its latest growth report that activity across the UK private sector contracted by around 4…

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British Manufacturing Output Falls at Fastest Pace Since 2020: Survey

December 20, 2022
Business & MarketsCBIeconomyenergyenergy pricesinflationUKWorld
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British manufacturers’ output is falling at the fastest pace in more than two years, the UK’s largest business group has warned. The volume of goods and services produced by factories fell by 9 percent in the three months to December 2022, according to the latest Industrial Trends Survey conducted by the Confederation of British Industry…

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Thousands of UK Firms Cut Ties With China Amid Rising Tensions: Industry Group

July 31, 2022
Business & MarketsCBIChinaChina Business & EconomyChinese Communist Party (CCP)Chinese RegimeCompanieseconomyKwasi Kwartengliz trussNewport Wafer FabRishi SunakUKWorld
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Thousands of British businesses are cutting their economic ties with China as they anticipate faster decoupling between China and the West, a major UK business group has said. Confederation of British Industry (CBI) Director-General Tony Danker said thousands of companies in the UK are currently rethinking their supply chains in anticipation of hardening anti-China political…

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Omicron Slows UK Growth to Weakest Since April: CBI

January 31, 2022
Business & EconomyCBIeconomygrowthOmicronUKWorld
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LONDON—British businesses grew at the slowest pace since April 2021 during the past three months, after demand for face-to-face services slumped due to the Omicron variant of coronavirus, the Confederation of British Industry said on Sunday. Britain’s economy only recovered to its pre-pandemic size in November, before being hit by the highly infectious Omicron variant…

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UK Services Industry Sees Record Cost Inflation: CBI

November 30, 2021
Business & EconomyBusinesses in COVID-19CBICompanieseconomyIndustryinflationservicesUKWorld
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LONDON—Costs are rising at the fastest rate in over 20 years for firms in Britain’s services sector, according to a business survey released on Tuesday which shows why the Bank of England may soon raise interest rates. The Confederation of British Industry said its quarterly survey of the services sector showed the quickest growth in…

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