Red Sea diversions disrupt China’s car supply chains
Carmakers had been struggling with a lack of car carrier RoRo capacity before the Houthi attacks began in the Red Sea and now with NYK and K Line suspending sailings via the Suez Canal nearly all big car car-carrier operators are diverting round the Cape of Good Hope, further reducing already squ...
Read more New Developing Countries Trading Scheme
The UK government launched a new preferential trading scheme, The Developing Countries Trading Scheme (DCTS) last year, to provide tariff concessions for developing countries exporting to the UK market.
The DCTS replaces the Generalised Scheme of Preferences (GSP) and extends tariff cuts to hu...
Read more Inflation data raise hopes of soft landing
The significant drop in UK inflation from 8.7% in May to 7.9% in June is the first fall since last November, and is a 15 month low that could hopefully be a turning point in the cost of living crisis.
Global logistics is the barometer for UK trade and the health of the economy both within the ...
Read more Supply chain impact of interest rate rises
On 22nd June the Bank of England surprised markets and the public with the size of their latest rate hike, increasing their Base rate to 5% from 4.5%, putting the rate at the highest level for 15 years, with implications for shippers and supply chains.
Bank of England governor, Andrew Bailey, ...
Read more FX update: The challenges and opportunities of a weak pound
The weakening pound creates winners and losers in international trade, with UK exporters, manufacturers and popular brands looking cheap to overseas buyers, while importers face higher input costs, which adds to the UK’s inflationary cycle.
Despite the pound rising to $1.14 - after falling t...
Read more Pressure on the Pound (£) continues as FX markets slump
Sterling's sensitivity to global stock markets has it struggling against the Euro and Dollar and stabilisation in global market conditions, to stop the continued August falls, is unlikely in the short term, it is predicted.
The Pound slumped sharply against both currencies as fears o...
Read more Tough times for the UK and world economy predicted
KPMG the respected business global consultancy and one of the Big Four accounting firms is expecting GDP growth to more than halve this year, with consumer slowing consumer spending and recession in 2023.
In its latest UK Economic Outlook report KPMG said it expects GDP growth to more than hal...
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