Norwich City Council have released their latest economic barometer. The report highlighted: Locally
- Research from Barclays, showed 84% of small businesses in the East of England are optimistic about their future but more than one-quarter feel anxious after taking on debt for the first time.
- More than one-third of East Anglian medium-sized businesses (40%) intend to expand their workforce over the next 12 months and almost one-fifth plan to pay their staff more in order to attract and retain talent.
- Norwich is continuing its post-pandemic recovery with more shoppers making trips into the city centre compared to early 2020, according to the latest survey from Centre for Cities
- According to plans submitted to Norwich City Council, Bakery chain Greggs could open its biggest store in Norfolk
Nationally
- The Office for National Statistics (ONS) reported that since late 2021, the UK has experienced several changes to contributory factors leading to rising costs for individuals and businesses.
- The latest KPMG and REC, UK Report on Jobs survey signalled a further steep increase in hiring activity at the start of 2022.
- The ONS Opinions and Lifestyle Survey for the period 16 to 27 February 2022 found that 81 per cent of adults reported their cost of living had increased over the last month;
- A doubling in corporate insolvencies in January suggests that creditors are now starting to take action over unpaid debts which they have been legally prevented from pursuing pandemic started, according to the Eastern branch of business rescue trade body R3.
