Economy
The economy has a direct influence on the UK jewellery trade, affecting consumer spending, material costs, and business confidence across the sector. For jewellers, manufacturers, and suppliers, staying informed on economic trends is vital to planning and resilience. Jewellery Focus provides expert coverage of economic developments impacting the trade, including inflation, interest rates, consumer confidence, and supply chain challenges. Our reporting helps jewellery professionals understand the wider market forces shaping their business environment.
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May- 2020 -4 MayCoronavirus
Government launches new Bounce Back loans
Thousands of small firms and sole traders will be eligible for 100% government-backed Bounce Back Loans to help them make it through the coronavirus outbreak. From today (4 May), small business owners can apply to accredited lenders by filling out a simple online form, with only seven questions. The government…
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1 MayAdvice
Covid-19 โ Funding options and survival tips to keep the jewellery industry afloat
No business has been immune from the effects of the Covid-19, but the jewellery sector has in some ways been particularly vulnerable to the economic challenges posed by the virus. While firms in many sectors have been able to adapt to the circumstances by shifting to new and unfamiliar delivery…
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1 MayBusiness Bites
Are we beginning to re-open anyway?
The PM says he will soon announce the reopening plan after weeks of compulsory lockdown for the UKs public and its businesses. Boris Johnson is under pressure to come up with the blueprint for restarting the economy as the list of suffering firms grows larger and more and more redundancies…
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Apr- 2020 -30 AprilCoronavirus
โLack of urgencyโ in handing out Covid-19 grants to SMEs, says Colliers
Colliers International said it is concerned about the โlack of urgencyโ many local authorities are showing in paying out โmuch neededโ grants to businesses. Colliers said that according to the latest data published by the Government, five weeks after the grants were announced 38% of the amount allocated to local…
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28 AprilCoronavirus
UK economy not expected to recover until 2023, study suggests
The UKโs economy is not expected to return to normal until 2023 due to the coronavirus pandemic, according to a new report issued by economic forecasting group EY Item Club. The group has warned that it is likely to take three years for the UK economy to return to the…
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28 AprilBusiness Bites
Job support to be wound down, M&S dividend suspended, ventilator production slows, property market halts
Chancellor Rishi Sunack says he will wean the economy off his support schemes in a โgradualโ wind-down, to help prevent soaring unemployment on โexpiration dayโ. His announcement, made to MPs, came in response to concerns that a definite cut-off date would produce an explosion in redundancies and layoffs. Currently, the…
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27 AprilAdvice
Lockdown to persist says Johnson, clergy weigh in on behaviour of corona-corporations
The PM is back at his desk and says the lockdown must continue for the foreseeable future, and it would be premature to consider lifting now. After having been struck down with COVID-19 himself – and ending up in intensive care – the premier has finally convalesced and spoke from…
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24 AprilCoronavirus
Government introduces new measures to protect high street
The business secretary has announced a new set of measures that will be introduced to protect high street businesses โunder strainโ from the ongoing pandemic.ย High street shops, and other companies facing financial difficulties, will now be protected from โaggressiveโ rent collection and asked to pay what they can as…
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24 AprilBusiness Bites
Retail landlords reined in, France gets touch on tax havens, and insurers face biggest ever payouts
The government has banned landlords from using winding-up orders against their retail tenants, after aggressive rent collection tactics which threaten the future of retail businesses came to light. Tens of thousands of businesses in both retail and hospitality have found themselves unable to keep up with their rent during the…
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23 AprilCoronavirus
Government launches coronavirus business financial support tool
The Government has released a new โsupport finderโ tool which aims to help businesses and self-employed people across the UK during the Covid-19 pandemic. The tool allows businesses to โquickly and easilyโ determine what financial support is available to them during the Coronavirus pandemic. Business owners are required to complete…
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