Displaying items by tag: coronovirus

UK finance leaders are gearing up for a year of eager investment as Covid recovery prospects boost economic positivity, according to a report by procurement consultancy Proxima.

The survey found that a combination of political change and post-Covid visions are underpinning an overwhelmingly positive outlook.

So, what will the future bring for the UK’s wounded economy?

Will Brexit dampen or boost economic moods? Will work from home become an unorthodox memory?

Almost 80 per cent of UK finance leaders expect to make ‘significant investments’ in the next year as they anticipate financial growth.

Most respondents backed procurement to play an important role in adapting their business to recovery in 2021.

Only 11 per cent vowed to return to the workplace full time.

The office will live on, however, with 42 per cent of respondents expecting to increase their need for space over the next five years.


Source: https://www.cityam.com/exclusive-uk-finance-leaders-want-buoyant-investment-as-we-enter-post-covid-world/


Published in Accounting

Retail sales fell by 27% in the first two weeks of the UK's lockdown, resulting in the worst monthly decline on record for the sector overall last month, according to industry figures.

The British Retail Consortium said the coronavirus crisis, which has resulted in deserted high streets throughout the UK, means hundreds of thousands of jobs are at risk.


Its figures showed total sales in March fell by 4.3% compared with the same month last year, the worst performance - when stripping out seasonal distortions - since the survey began in 1995.

Yet that masked the even bigger drop of more than a quarter at the end of the survey period - the two weeks to 4 April - largely covering the time after UK went into lockdown on 23 March.



Source: https://news.sky.com/story/coronavirus-hundreds-of-thousands-of-jobs-at-risk-as-retail-sales-slump-11973938


Published in Accounting