{"id":72793,"date":"2021-10-12T08:00:56","date_gmt":"2021-10-12T08:00:56","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72793"},"modified":"2021-10-12T08:00:58","modified_gmt":"2021-10-12T08:00:58","slug":"uk-business-output-falls-lowest-level-since-lockdown","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/","title":{"rendered":"UK business output falls to lowest level since lockdown"},"content":{"rendered":"\n

UK business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity last month.<\/p>\n\n\n\n

The closely-watched BDO Output Index suggests a slowdown across both manufacturing and services, falling more than five index points month-on-month to 100.69, effectively indicating average trend growth just months after the UK opened up.<\/p>\n\n\n\n

The firm\u2019s inflation index meanwhile jumped to a near ten-year high in the same month, as average prices continued to increase.<\/p>\n\n\n\n

It is the latest in a series of data that suggest the UK recovery is slowing considerably, putting more pressure on Rishi Sunak ahead of the budget due at the end of the month.<\/p>\n\n\n\n

Last week IHS Markit warned of a \u201csevere loss of momentum\u201d across the construction sector, often a bellwether for wider economic activity.<\/p>\n\n\n\n

To find out more about how we can assist you with your Second Charge Mortgage<\/strong> please click here<\/a><\/em><\/p>\n\n\n\n

The rise in energy prices, driven by higher wholesale natural gas costs, is being felt right across the economy.<\/p>\n\n\n\n

\u201cWhile a gradual deceleration in the pace of growth is to be expected as economies normalise after the pandemic, it is clear that acute labour shortages and supply chain disruption are weighing heavily on productivity,\u201d said Kaley Crossthwaite, a partner at accountants BDO.<\/p>\n\n\n\n

\u201cMany businesses are caught between a rock and a hard place. Long-term planning for a post-pandemic and post-Brexit economy is crucial, but the significant challenges at their door make it increasingly difficult to focus beyond these short-term issues,\u201d she continued.<\/p>\n\n\n\n

The warning came just a week after Conservative party conference, during which PM Boris Johnson hailed the emergence of a new \u201chigh-skilled, high-wage\u201d economy.<\/p>\n\n\n\n

\u201cUltimately,\u201d warned BDO partner Kaley Crossthwaite, \u201cthis could mean consumers end up paying more for less this winter.\u201d<\/p>\n\n\n\n

\u201cMany businesses are caught between a rock and a hard place,\u201d she said, acknowledging that long-term planning for a post-pandemic and post-Brexit economy, though crucial, was difficult for businesses dealing with the short-term issues.<\/p>\n\n\n\n

Crossthwaite said: \u201cThe Chancellor\u2019s autumn Budget will be watched closely later this month to see whether the government steps in to restore the confidence felt through the summer.\u201d<\/p>\n\n\n\n

The news follows a PwC report into consumer confidence which found that while consumer sentiment was still positive, and higher than in the period following the EU referendum, the energy crisis, inflation and driver shortage problems were starting to impact confidence in the run up to Christmas.<\/p>\n\n\n\n

By Farah Ghouri<\/em><\/p>\n\n\n\n

Source: City AM<\/a><\/p>\n\n\n\n

Discover our Second Charge Mortgage Broker<\/strong><\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

UK business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity last month. The closely-watched BDO Output Index suggests a slowdown across both manufacturing and services, falling more than five index points month-on-month to 100.69, effectively indicating average trend growth […]<\/p>\n","protected":false},"author":1,"featured_media":72255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2164,2198,2075],"yst_prominent_words":[1252,207,485,111],"acf":[],"yoast_head":"\nUK business output falls to lowest level since lockdown<\/title>\n<meta name=\"description\" content=\"UK business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK business output falls to lowest level since lockdown\" \/>\n<meta property=\"og:description\" content=\"UK business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/\" \/>\n<meta property=\"og:site_name\" content=\"Second Charge Mortgage UK\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-12T08:00:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-12T08:00:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/09\/dollar-3223246_1920-1024x768.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\",\"name\":\"UK Mortgage Broker\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/01\/transparent.png\",\"width\":726,\"height\":334,\"caption\":\"UK Mortgage Broker\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Second Charge Mortgage UK\",\"description\":\"Mortgage Solutions for Clients with Adverse Credit\",\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/secondchargemortgageuk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/09\/dollar-3223246_1920.png\",\"width\":1920,\"height\":1440,\"caption\":\"UK business output UK recovery Covid lockdowns FTSE 100 UK GDP Almost half UK economy Sterling Furlough redundancy UK economy UK economic growth\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#webpage\",\"url\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/\",\"name\":\"UK business output falls to lowest level since lockdown\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#primaryimage\"},\"datePublished\":\"2021-10-12T08:00:56+00:00\",\"dateModified\":\"2021-10-12T08:00:58+00:00\",\"description\":\"UK business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity.\",\"breadcrumb\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/\",\"name\":\"UK business output falls to lowest level since lockdown\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#webpage\"},\"author\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\"},\"headline\":\"UK business output falls to lowest level since lockdown\",\"datePublished\":\"2021-10-12T08:00:56+00:00\",\"dateModified\":\"2021-10-12T08:00:58+00:00\",\"commentCount\":0,\"mainEntityOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#primaryimage\"},\"keywords\":\"second charge mortgage,UK business output,uk economy\",\"articleSection\":\"Second Charge Mortgage UK\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/uk-business-output-falls-lowest-level-since-lockdown\/#respond\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\",\"name\":\"Marketing\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/58097a1900583ccc6a78711c63c1b8f7?s=96&d=mm&r=g\",\"caption\":\"Marketing\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72793"}],"collection":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/comments?post=72793"}],"version-history":[{"count":1,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72793\/revisions"}],"predecessor-version":[{"id":72794,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72793\/revisions\/72794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media\/72255"}],"wp:attachment":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media?parent=72793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/categories?post=72793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/tags?post=72793"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/yst_prominent_words?post=72793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}