Norwich City Council have released their latest economic barometer. The report highlighted:
Locally
- An extra £5 billion could be created for the region’s economy but East of England companies are missing out
- Export of goods from the East of England rose by 8.2% according to HMRC figures.
- The number of Eastern region companies at risk from insolvency has risen to 39%
Nationally
- The ONS and Consumer Prices Index reported falling petrol prices and a slow rise in the cost of food contributed to a drop in consumer price inflation
- UK construction companies is in deep recession – contracting by 3% in the past year
- 4,000 UK employers are now paying the voluntary Living Wage
For full details of the latest economic barometer click here.
