Money Matters

Reboot for Business West’s online Brexit advice hub as clock ticks down to end of transition period

November 26, 2020
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Reboot for Business West’s online Brexit advice hub as clock ticks down to end of transition period

The award-winning Trading Through Brexit service run by Business West has been relaunched to help companies make crucial last-minute adjustments to the way they operate ahead of the end of the UK-EU transition period. Regardless of whether or not a deal is reached between UK and EU negotiators ahead of deadline on December 31,...

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Chancellor’s Spending Review: Swindon business reaction

November 26, 2020
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Chancellor’s Spending Review: Swindon business reaction

Business West, which runs the Swindon & Wiltshire Initiative, was disappointed with the lack of capital investment promised by the government for the West of England. Policy manager Claire Ralph said: “Some minor funding has been allocated to the West of England Combined Authority for local transport improvements through the Transforming Cities Fund. “Elsewhere...

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Chancellor’s Spending Review: National business reaction

November 25, 2020
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Chancellor’s Spending Review: National business reaction

Business groups have welcomed the investment in infrastructure and jobs in Chancellor Rishi Sunak’s Spending Review but said many firms still needed more help from the government. The CBI praised the Chancellor for making “some bold autumn decisions” to power a spring recovery even as the stark forecasts pointed to tough times ahead. But...

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Plea for more help for businesses as government announces new regional tier restrictions

November 24, 2020
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Plea for more help for businesses as government announces new regional tier restrictions

The government has been warned that it cannot “keep switching businesses on and off like a light switch” through Covid-19 related national lockdowns and regional tiers without expecting severe consequences.  Instead, firms need a plan that keeps them, and the economy, open throughout winter and beyond, according to Business West, the organisation that runs...

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CBI calls for emphasis on skills, 5G and transport to spur South West’s post-Covid recovery

November 18, 2020
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CBI calls for emphasis on skills, 5G and transport to spur South West’s post-Covid recovery

Boosting skills and developing the physical and digital infrastructure will be vital for South West to build back better from the economic ravages of coronavirus, the CBI said today in a major new report. Called Reviving Regions, the paper highlights long-standing regional inequalities across England which have inhibited growth, opportunity and productivity for generations.  These economic disparities, both...

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Time has ‘almost run out’ to prepare for Brexit transition on January 1, Business West warns

November 13, 2020
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Time has ‘almost run out’ to prepare for Brexit transition on January 1, Business West warns

Swindon firms trading in Europe have been told that it is ‘almost too late’ if they have not planned for a worst case scenario following the end of the Brexit transition on January 1. The 50-day countdown to that date was on Wednesday and Business West, the region’s largest business organisation, fears many firms...

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Swindon Business Blog: Malindi Myers, regional agent, Bank of England. How we are providing further support for the economy

November 12, 2020
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Swindon Business Blog: Malindi Myers, regional agent, Bank of England. How we are providing further support for the economy

The Covid pandemic has reduced levels of economic activity across the UK this year. Households and businesses have generally been spending and investing less than they were before the pandemic struck.  This fall in spending and investment risks significant job losses as many businesses face much lower demand for their goods and services. Although...

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New IoD South West director appointed as members face challenges of Covid and Brexit

November 8, 2020
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New IoD South West director appointed as members face challenges of Covid and Brexit

The Institute of Directors South West has named Robert Lloyd Griffiths OBE as its new regional director, replacing Simon Face, who had been in the post since 2003. Robert, pictured, will perform the South West job alongside his existing role as the IoD’s national director for Wales, a position he has held since 2009.  He...

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Government U-turn over end of furlough scheme welcomed by business groups

November 5, 2020
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Government U-turn over end of furlough scheme welcomed by business groups

Business West, the region’s largest business organisation, has welcomed the latest extension to the governments’ furlough scheme, but urged Chancellor Rishi Sunak to come up longer-term measures to protect firms. Mr Sunak, pictured, this afternoon announced the furlough scheme would now run until the end of March, with the Treasury continuing to pay 80% of...

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Business West fears ‘shattering’ impact of government’s second, month-long lockdown

November 2, 2020
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Business West fears ‘shattering’ impact of government’s second, month-long lockdown

The new lockdown measures announced by Prime Minister Boris Johnson over the weekend will be devastating to many Swindon firms despite their best efforts to make themselves Covid-safe, the region’s largest business organisation warned today. Most businesses will have to close from Thursday as the country enters its second lockdown, with staff being urged to...

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