economy
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Market Insight 23 NovVRA members advised of spending slowdown by Bank of England
The Bank of England is battling to reduce inflation in the UK from the high and harmful levels it has reached in 2022, and members of the Vehicle Remarketing Association heard first hand about its methods this week.
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Supplier News 8 NovEconomic expert to help dealers make sense of the economic challenges at AM Live
With the UK faced with economic and political turmoil impacted by wider global events, economist Dr Rebecca Harding will attempt to slice through the uncertainty for motor retailers at Automotive Management Live 2022 this Thursday.
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Supplier News 4 Oct
Economist Rebecca Harding joins AM Live line-up to guide dealers through tough economy
Dr Rebecca Harding, an advisor to the Council of the Society of Professional Economists and former chief economist of the British Bankers Association, will deliver a keynote presentation at Automotive Management Live next month to help guide motor retailers through the turbulent economic conditions.
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Aftersales 6 AprCar owners consider missing or delaying service as living costs rise
More than half of car owners without a service plan are considering delaying or missing their vehicle’s annual service this year, as living costs rise rapidly.
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Market Insight 23 MarCuts to income tax and fuel duty to combat living cost rise, Sunak says
As the British people face significant increases in the cost of living, the Chancellor Rishi Sunak has delivered tax cuts to fuel and wages in today's Spring Statement to the UK Parliament.
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Market Insight 27 OctSunak reports 2022 aim for UK economy to reach pre-COVID strength in Budget speech
The UK economy is forecast to return to pre-Covid levels by 2022, as annual growth is set to rebound by 6.5% this year, followed by 6% in 2022, according to the Budget Day speech by Rishi Sunak, Chancellor of the Exchequer.
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Market Insight 12 AugUK economy enters first 'technical recession' after 20.4% Q2 contraction
The UK has entered recession for the first time since 2009 after COVID-19 coronavirus lockdown measures contributed to a 20.4% contraction of the economy in the second quarter of 2020.
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Market Insight 13 JulWhy firms must invest to power their way out of a recession
Businesses need to focus on productivity and skills investment to help the UK power its way out of the global recession caused by the COVID-19 pandemic, says professor Joe Nellis of Cranfield School of Management.
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Supplier News 31 MarCitNOW, CDK, GardX and RAPID RTC offer help as IMF forecasts 3% GDP drop
As Coronavirus is expected to cause an economic downturn of up to 3% per month, CDK, CitNOW and RAPID RTC take action to help their dealer customers.
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Car Dealer News 19 AprNewton Honda to host local economy debate with Croydon Chamber of Commerce
Newton Honda will highlight its place a as a key player in Croydon’s local economy when it hosts a debate led by the town’s Chamber of Commerce.
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Market Insight 25 JulBank of England warns of ‘spiral of complacency’ around mounting consumer debt
The Bank of England has told car loan providers they are at the risk of action against reckless lending due to the ‘spiral of complacency’ from lenders.
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Finance 29 JulBlack Horse expects industry to face a challenging second half of the year
Black Horse is expecting to see increased challenges in the second half of this year as the regulatory and economic climate becomes more uncertain.
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Market Insight 26 JulNegative interest rates could push banks to charge businesses for deposits
NatWest has written to businesses to warn it may have to charge to accept deposits if interest rates are cut below 0%.
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