Britain’s economy is predicted to slow down in the next year as nervous business owners cut down on investment in the wake of Brexit, according to a new forecast from the British Chambers of Commerce (BCC).
The economy’s growth will slow to 1% in 2017, the BCC said, down from its pre-Brexit forecast of 1.8%.
The BCC also expects business investment to fall by an estimated 2.2% this year and 3.4% in 2017, before rising again in 2018.
However, due to the weaker pound boosting exports, the country should avoid a recession, meaning that the performance isn’t quite as bad as analysts initially predicted.
Click here to visit the Telegraph and view the latest predictions in full.
The latest Regional Economic Tracker from NatWest, which monitors employment levels in 11 areas of the UK each quarter to find where the fastest job growth has occurred, showed that the North West saw its job count rise by 2.5% in the last year.
During the same period, the North West also reported a 4.5% rise in self-employment. In Manchester specifically, the proportion of jobs done by the self-employed increased to 13%.
This increase has changed the nature of the UK economy for women; the number of women who are self-employed has grown by more than 40% during the last eight years, with women now accounting for 54% of the rise in self-employment.
Read more of the most up-to-date employment and self-employment statistics from around the UK on the Bdaily website.
Increased adoption of cloud analytics applications and analytics as a service platforms. A bigger role for graph database and analytics technology in big data applications. Consolidation in the NoSQL database market.
These are just some of the business intelligence, analytics and data management developments predicted to happen over the next 12 months by attendees at the 2016 Pacific Northwest BI Summit.
The conference, held annually in Oregon, US, brings together a group of IT consultants and vendor executives to discuss technology issues and trends, and one of the sessions each year features round-robin predictions by the participants.
To read in more detail about the highlights of the expected BI, analytics and big data trends that emerged from this year's event, click here.
Stephen Kelly, who runs Sage, is a former head of Micro Focus. Micro has just joined the blue-chip index and this week struck a £6.6 billion deal to buy the software arm of Hewlett Packard Enterprise.
Micro has taken the place of Apple iPhone chips designer ARM Holdings, bought by Japan’s SoftBank for £24 billion.
Stephen Kelly praised Micro’s “bold move”, but contrasted the attitude of UK firms with companies in the US, where he ran software firm Chordiant.
Kelly said: “I’d hoped to see a whole host of ambitious businesses jostling to replace ARM, but despite our thriving tech communities, the culture of ambition and ‘fail fast’ that I saw in tech businesses during my time in the US doesn’t yet exist.
"UK tech successes are lured too easily into the quick sale that provides a cash injection, but won’t help them grow into the world’s next Facebooks, Googles and Amazons.”
To read more, visit the Standard website.
A Runcorn-based metal powder manufacturer, a car finance specialist headquartered in Macclesfield and an energy price comparison website in Bolton are among eight North West companies to make it onto The Sunday Times' 2016 list of Britain's fastest growing tech firms.
The 16th annual Sunday Times Hiscox Tech Track 100 league table features eight businesses from across the region, doubling last year’s four. Their combined sales have grown by an average of 69% a year over three years to a total of £159 million, and together they now employ 700 staff.
Find out more about the North West’s bustling businesses at Insider Media.