Introduction: Business trust falls
Good morning, and welcome to our business coverage, financial markets and the world economy.
Belief between small businesses in the UK has fallen as bosses worry about the health of the economy, the burden of taxes and the increase in wages.
Small Business Index (SBI) calculated by Federation BY Small working shows that optimism collapsed at the end of last year.
SBI Hit its lowest point recorded outside the Covid -19 pandemic in October -December, falling from -24.4 points to Q3 to -64.5 points in Q4.
The survey covers the period when the companies were pending, and then digestion, the Rachel Reeves budget in late October which included employers’ growth of national insurance contributions (NICS).
The FSB reports that accommodation and food services were the least optimistic main sector, followed by wholesale sector and retail. Construction recorded the greatest decline of trust between Q3 and Q4, from -26.6 points to -76.8 points.
Tina McKenzie, FSB’s The policy leader says small businesses are concerned:
“The fourth trimester blues reported by small firms underline how urgently the driving of government growth is needed.
“Small firms are understandable nervous about their prospects while 2025 begins.
“The next draft law on employment rights is a main source of stress for small firms, with nine in 10 business owners saying they are concerned about its presentation, and this is definitely a leading cause of levels of the highly subjected belief seen in our research.
A special study this morning, from the Chartered Institute of Personnel and Development (CIPD), also makes gloomy reading. She revealed that the UK employers are preparing for the largest round of surplus in a decade – with those blaming budget taxes.
The CIPD survey, which was conducted in the second half of January, found that most employers mentioned NICS employer growth and an increase of 6.7% of the “national living salary”.
The agenda
The main events
Bloomberg is reporting that China’s fast fashion seller, Shein, is under pressure to reduce her rating to about $ 30bn, ahead of a swim at the London stock market.
sheet Shareholders apparently suggest that an adjustment is needed to help get his possible public initial offer in the UK over the line.
This is quite a landing in Shein Previous ratings – in 2022 was labeled with 100bn $.
Uncertainty over its value has increased after Donald Trump has escalated trade tensions, including briefly suspension of ‘de minimis’ rules which allow for task entry for cheap Chinese goods.
Jack Ma’s The presence at today’s meeting with XI suggests that authorities are finally going beyond its blow to Alibaba, suggests ANGEL Huyue Zhanga professor of justice in University BY SOUTHERN California.
She told CNN:
“With the slowdown of the slowdown of the domestic economy and geopolitical pressures, the government is making it clear that it appreciates and relies on the private sector to promote innovation and stimulate growth.”
XI of China holds a rare meeting with business leaders
In Beijing, Chinese President Xi Jinping has held a rare meeting with some of the country’s best business leaders.
XI spoke at a symposium followed by business leaders including Huawei FOUNDER man Zhengfei, Xiaomi’s Lei JUNE, Byd dumbfound Chuanfu, Unite dumbfound XingxingAND Cat Catered Zeng.
And intriguing, Alibaba FOUNDER ringing Mother It was also there, the state media reported. Mother has been holding a low profile since XI Government forced Alibaba To remove navigation in the market of his stock ant assortAFTER Mother made a speech by criticizing Chinese regulators.
This SPAT was the beginning of a campaign to strengthen state control over private companies in the second largest economy in the world.
Today’s meeting may be a sign that XI The administration is preparing to work more closely with China’s leading companies as it is trying to support the economy from the influence of a commercial war with the US
Christian reamerDeputy Director of China’s Research at Relevant dragon In Hong Kong, said:
“It is a silent acceptance that the Chinese government needs private sector firms for its technology rivalry with the US
“The government has no choice but to support them if it wants to compete with the SH.BA”
Introduction: Business trust falls
Good morning, and welcome to our business coverage, financial markets and the world economy.
Belief between small businesses in the UK has fallen as bosses worry about the health of the economy, the burden of taxes and the increase in wages.
Small Business Index (SBI) calculated by Federation BY Small working shows that optimism collapsed at the end of last year.
SBI Hit its lowest point recorded outside the Covid -19 pandemic in October -December, falling from -24.4 points to Q3 to -64.5 points in Q4.
The survey covers the period when the companies were pending, and then digestion, the Rachel Reeves budget in late October which included employers’ growth of national insurance contributions (NICS).
The FSB reports that accommodation and food services were the least optimistic main sector, followed by wholesale sector and retail. Construction recorded the greatest decline of trust between Q3 and Q4, from -26.6 points to -76.8 points.
Tina McKenzie, FSB’s The policy leader says small businesses are concerned:
“The fourth trimester blues reported by small firms underline how urgently the driving of government growth is needed.
“Small firms are understandable nervous about their prospects while 2025 begins.
“The next draft law on employment rights is a main source of stress for small firms, with nine in 10 business owners saying they are concerned about its presentation, and this is definitely a leading cause of levels of the highly subjected belief seen in our research.
A special study this morning, from the Chartered Institute of Personnel and Development (CIPD), also makes gloomy reading. She revealed that the UK employers are preparing for the largest round of surplus in a decade – with those blaming budget taxes.
The CIPD survey, which was conducted in the second half of January, found that most employers mentioned NICS employer growth and an increase of 6.7% of the “national living salary”.