economy
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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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