Latest news from BusinessLive Read in browser by Andrew Arthur Mon Nov 14, 2022 BusinessLive South West Reporter Articles or links in this newsletter may contain affiliate links (#AFF). We may receive a commission on any sales we generate from them. Learn More 'Recessionary fears' among South West
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Articles or links in this newsletter may contain affiliate links (#AFF). We may receive a commission on any sales we generate from them. Learn More | 'Recessionary fears' among South West firms set in ahead of Autumn Statement |  | | It's the start of what could be a monumental week for the country, as all eyes - including those from the South West business community - turn to Chancellor Jeremy Hunt's Autumn Statment on Thursday.
Businesses up and down the land will be looking for some much needed economic support and political stability, not least in the South West, where a new study has found that 'recessionary fears' have started to creep into the thoughts of firms operating across the region.
Business activity in the area contracted at the sharpest rate for almost two years last month, according to Natwest, in one of the weakest business performances recorded since the global financial crisis in March 2009.
Read the full story here. |  | |
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Deals, investment and more in the South West | | | | |
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What to expect from The Chancellor on tax rises, NI and cuts |  | | The Chancellor has already said the UK has "a tough road ahead" as he is reported to be considering £60bn in tax rises and £35bn in spending cuts to address a black hole of up to £50bn in in the public finances.
BusinessLive Audience Editor in the South West Hannah Finch has spoken to some finance experts on what is likely to be announced on Thursday.
Read their predictions in full here. | | | |
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Bank of England governor praises companies raising pay for lowest paid | |
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|  | | Last week's GDP figures suggested the UK could be entering the longest recession in a century.
The economy shrank by 0.2% between July and September, the largest quarterly fall since early 2021 when the UK went back into lockdown to combat the Covid-19 virus.
During a visit to the North of England last week the Bank of England governor Andrew Bailey praised companies giving higher pay rises to their lower paid staff after admitting that spiralling inflation is hitting the worst off in society the hardest.
Read the full story from our North East editor Graeme Whitfield here.
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| | | | | | | Rolls-Royce identifies four sites for mini-nuclear power stations | A site in Gloucestershire is being considered by the firm for its small modular nuclear reactors. Read more | | | | | | |
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