In this month’s business overview, we take a closer look at the Autumn Statement and consider its real impact on business investment It’s a well-worn joke that asking two experts about the economy is likely to get you at least three opinions or that if you laid all the world’s economists end to end, they still wouldn’t reach a conclusion.
Our analysis of the latest published accounts of the travel facilitation sub-sector of the wider travel and tourism industry in the UK formed the main basis of our recent market sector report on travel. Our report showed a picture of cautious optimism, but some clear weaknesses in the overall finances of the sub-sector. A deeper dive beyond those financial weaknesses
Public confidence in travel agents Despite the rise of self-booked holidays, self-assembled via the internet, over a third of UK tourists book their trips through travel agents, according to research by Travel Counsellors. Figures published by ABTA in October as part of its first-ever Travel Confidence Index shows a score of +72 for those who booked through a professional, compared
The most recent results of major airlines focused on the UK market show an extraordinary level of positivity. Profits at British Airways owner, IAG in Q2 2023 soared by 400% and broke previous records for that quarter. EasyJet has announced a $30bn order for Airbus planes as part of setting an ambitious annual profit before tax target of £1bn as
The Economic Crime and Corporate Transparency Act received Royal Assent on 26th October 2023 and introduces “world leading powers” in combating criminal groups and others Suella Braverman, Home Secretary said: “I am committed to ensuring criminals do not profit from their offending and this landmark act will help law enforcement clampdown on the tactics they use. It will have a
The scale of business fraud in the UK Research into business fraud between 2018 and 2020, published belatedly in May 2023 by the Home Office as its latest Economic Crime Survey, estimated that the annual cost of fraud may be as much as £8.4bn. Extrapolating the data forward to 2023, the report estimates that UK businesses will have suffered 4.5m
