The Telegraph reports that the UK property market is experiencing a significant slowdown due to Labour’s proposed tax changes. It is claimed that properties are remaining unsold for extended periods, with house prices declining and sales falling through. A representative of Sotheby’s noted that this summer has been “one of the quietest we’ve seen for some time.” Furthermore Simon Gerrard, from Martyn Gerrard estate agents, reported that nearly 20% of agreed sales fell through in August. Not surprisingly, the uncertainty surrounding the upcoming Budget has left buyers hesitant, with many adopting a “wait-and-see” approach.
iBOSS Comment:
This presents opportunities for those interested in growing a property portfolio or anyone in the property refurbishment business in particular. For those considering such a move this may be an opportunity to improve net revenue, if one can move quickly enough. We at iBOSS have the knowledge and skills needed to both raise finance for such a project and to assist with the management of this type of project, especially if this is something you are new to.
If you would like to learn more about how we can help then fill in the enquiry form on our web site www.theiboss.co.uk or contact phil on 07876 503830 or e-mail phil@theiboss.co.uk , and ask for one of our Free consultations.
Research by HSBC shows that UK businesses are experiencing a surge in trade with the US. Payments from UK firms to US counterparts rose by 23% in the year to June, while payments from the US to the UK increased by 13%. The analysis shows that one-third of UK businesses gained new US customers, with 37% reporting revenue growth. HSBC’s head of global trade solutions, Stephanie Betant, noted that the UK’s service-oriented economy has helped mitigate the impact of US tariffs on goods.
iBoss Comment:
Anything that boosts UK exports has to be encouraged even though, in this case, the value of our imports from the US still outstrip our exports. With the Trump Government laying such emphasis on increasing the US manufacturing base, exporting UK goods will not get easier but will not be impossible. Selling them services from UK-based should, however, be relatively easier. As we have mentioned in previous Posts, businesses looking to export should also be looking at other potential markets rather than just concentrating on the US!
If you think export may be an option for you to expand your business, but need some practical advice then contact us at iBOSS and request our free consultation. Simply call Peter on 07770 866955, e-mail to Peter@theiboss.co.uk or complete the enquiry form on our web site www.theiboss.co.uk.
According to the Barclays Business Prosperity Index survey British businesses invested an average of £236,000 in artificial intelligence (AI) over the past year. Large companies, with over 250 employees, spent an average of around £400,000 on AI and emerging technologies. Medium firms spent £225,500, while small companies invested £125,250. The survey went on to report that 68% of those approached, which included 1,000 decision-makers, have plans to increase their AI budgets next year. Matt Hammerstein, chief executive of Barclays UK corporate banking, said: “Our research suggests that AI is becoming a key tool to drive innovation, encourage investment and upskilling to lift productivity and build confidence in the UK as a global business hub.”
iBOSS Comment:
If you are considering taking on more AI technology within your business, but finance for it is a problem, then contact us. Simply e-mail enquiries@theiboss.co.uk or complete the enquiry form on our web ste www.theiboss.co.uk and request a Free consultation to discuss your options.
It is reported that the UK fintech industry is poised for significant growth. Hiring is projected to rise by 32% in 2025. This is due largely to increased demand for risk and compliance roles. The result of the series of cyber-attacks on major retailers that we are all aware of. A spokesperson for Morgan McKinley UK, said: “This isn’t a hype-driven rebound, it’s a grounded response to real-world pressures.” It is predicted that there will be a 29% increase in risk and compliance staffing this year. This will be accompanied by a 50% surge in demand for financial anti-crime professionals. Overall, fintech employment is expected to grow by 19.4% in 2025. Companies expected to lead the charge in new hires include the likes of Deel, Starling, and Monzo.
iBOSS Comment:
Talking to cyber security experts recently it is undoubtedly the case that this continues to be a major concern to many companies. One problem is that, to-date, it appears that the ‘Hackers’ have managed to keep at least one step ahead of the security teams. Having insurance is all very well, but it does not compensate for the inability to satisfy customer needs. Without doubt it will become increasingly expensive in the future. We at iBOSS are most definitely not IT security experts, but we know people who are! So, if you are having problems finding someone to talk to on this, then give us a call. Contact us either on 07876 503830 or complete the enquiry form on our web site www.theiboss.co.uk . We will be happy to see if we can point you in the right direction.