News
Amazon Web Services (AWS) has announced an £8 billion investment in the UK, creating 1,400 jobs and contributing £14 billion to the UK’s GDP by 2028. AWS aims to boost digital infrastructure and support local innovation and skills development.
News
Since 2019, UK apartment prices have underperformed other property types due to a shift in buyer preferences towards larger homes post-pandemic and safety concerns about cladding.
News
Taiwan launched its “Waves of Wonder” tourism brand in London, highlighting its year-round attractions like the Lantern Festival and hot springs, aiming to boost tourism from Europe and America in late 2024.
Government Policies
The UK government has extended the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) until April 2035. This move continues to offer up to 30% tax relief and capital gains tax exemptions, supporting start-ups and boosting economic growth.
News
On 3rd September 2024, the UK government awarded nine offshore wind farm contracts, marking a significant boost in renewable energy. These projects will generate 9.6GW, enough for 11 million homes, following last year’s unsuccessful auction.
analysis
The UK aims to boost FDI through a clear strategy, prioritising key sectors and improving the business environment. Efforts are underway despite recent declines in FDI projects
News
The UK plans to raise the windfall tax on oil and gas companies, sparking fears of reduced investment and economic losses. Offshore Energies UK warns that the tax hike could threaten 35,000 jobs by 2029, denting business confidence and growth prospects.
News
UK and EU airports continue to enforce the 100ml liquid rule due to delays in implementing advanced CT scanners, which would allow relaxed restrictions. The rule, originally temporary since 2006, persists due to logistical and financial hurdles
News
The UK is set to join the CPTPP by 15 December 2024, becoming the first new member of the trade bloc since its inception. This membership will allow 99% of UK exports to be tariff-free in the CPTPP region, boosting the UK economy by £2 billion annually by 2040.
News
According to American Express research, Gen Z is driving the increase in business travel, with nearly 60% planning more trips in the next year to boost career prospects. They favour combining business with leisure and prioritise sustainability.
News
UK shop prices fell by 0.1% in August 2024, marking the first decline since November 2021. Driven by easing food inflation and discounts in non-food sectors, this drop offers some relief to consumers amid ongoing economic challenges.⬤
News
The UK government is prioritizing global trade agreements like CPTPP over re-entering the EU, aiming to strengthen ties with fast-growing markets in Asia-Pacific while maintaining regulatory independence. This strategy, however, risks long-term economic impacts on UK-EU trade relations.
