{"id":72880,"date":"2021-12-27T10:14:18","date_gmt":"2021-12-27T10:14:18","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72880"},"modified":"2021-12-27T10:14:19","modified_gmt":"2021-12-27T10:14:19","slug":"labour-squeeze-and-soaring-costs-compound-to-hit-uk-businesses","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/labour-squeeze-and-soaring-costs-compound-to-hit-uk-businesses\/","title":{"rendered":"Labour squeeze and soaring costs compound to hit UK businesses"},"content":{"rendered":"\n<p>The ongoing labour squeeze, soaring costs and uncertainty over the economic landscape since the emergence of Omicron are compounding to hit British businesses, reveals a new survey published today.<\/p>\n\n\n\n<p>Growth among UK private sector firms slowed to 21 per cent in the three months to December, down sharply from 32 per cent in the last quarter, according to the Confederation of British Industry (CBI).<\/p>\n\n\n\n<p>That is the slowest rate of growth since April when the UK economy was still in the teeth of tight Covid-19 restrictions.<\/p>\n\n\n\n<p>Alpesh Paleja, lead economist at the CBI, said: \u201cSubstantial challenges remain for businesses heading into Christmas: labour and materials shortages, rising costs and new Covid measures are restricting business\u2019 ability to trade during this crucial period.\u201d<\/p>\n\n\n\n<p><em>To find out more about how we can assist you with your <strong>Second Charge Mortgage<\/strong> please <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/contact-us\/\" target=\"_blank\">click here<\/a><\/em><\/p>\n\n\n\n<p>\u201cWith uncertainty rising \u2013 associated with the sharp rise in Omicron cases \u2013 it\u2019s no surprise that the near-term growth outlook has dampened,\u201d he added.<\/p>\n\n\n\n<p>Prime Minister Boris Johnson this week ruled out imposing tighter measures on economic activity to curb the spread of Omicron before Christmas.<\/p>\n\n\n\n<p>However, he has warned the UK government is ready to launch tougher curbs after Christmas if data on the new strain does not improve.<\/p>\n\n\n\n<p>Yesterday, the UK reported more than 100,000 Covid-19 cases for the first time since the onset of the pandemic.<\/p>\n\n\n\n<p><em>By JACK BARNETT<\/em><\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cityam.com\/labour-squeeze-and-soaring-costs-compound-to-hit-uk-businesses\/\" target=\"_blank\">City AM<\/a><\/p>\n\n\n\n<p><em>Discover our <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/\" target=\"_blank\"><strong>Second Charge Mortgage Broker<\/strong><\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ongoing labour squeeze, soaring costs and uncertainty over the economic landscape since the emergence of Omicron are compounding to hit British businesses, reveals a new survey published today. Growth among UK private sector firms slowed to 21 per cent in the three months to December, down sharply from 32 per cent in the last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2164,2094,2075],"yst_prominent_words":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Labour squeeze and soaring costs compound to hit UK businesses<\/title>\n<meta name=\"description\" content=\"The ongoing labour squeeze, soaring costs and uncertainty over the economic landscape since the emergence of Omicron are compounding to hit UK businesses.\" \/>\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\" 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