Skip to content
  • Plymouth: 01752 74 90 18
  • Wellington: 01823 65 32 52
  • Email: info@britebooks.co.uk
Call us

Logo

MENUMENU
  • Home
  • Bookkeeping Services
    • Bookkeeping Services
    • What We Do
    • What We Provide
    • How It Works
    • FAQs
    • Pricing
  • Insights
  • Who We Are
  • Office Locations
MENUMENU
  • Home
  • Bookkeeping Services
    • Bookkeeping Services
    • What We Do
    • What We Provide
    • How It Works
    • FAQs
    • Pricing
  • Insights
  • Who We Are
  • Office Locations
London is the highest-ranking UK region for business confidence during December
Home » Britebooks News » London is the highest-ranking UK region for business confidence during December

Categories

    Accounting Software (2)
    Bookkeeping (10)
    Britebooks News (33)
    Budget 2021 (2)
    Cloud Accounting (1)
    Corporation Tax (2)
    Covid-19 Support Measures (4)
    COVID-19 Updates (16)
    Digital Accounting (1)
    Furlough Updates (2)
    Outsourced Finances (1)
    Plymouth News (2)
    Quickbooks (2)
    Receipt Bank (1)
    Tax Insights (7)
    Xero (3)

There was a six-point fall in business confidence in London during the final month of 2021 to 57%, according to a business barometer recently reported on by the LondonlovesBusiness website – although this still left the capital as one of the UK’s most business-confident regions. 

 

The data was gathered from 1,200 firms over the period from 26th November to 10th December, so does not fully reflect the impact the Omicron variant of the coronavirus is likely to have had on business confidence since then.  

 

News of the UK’s first two cases of Omicron only broke on 27th November, and it took until the week beginning 6th December for nations to start announcing they were putting restrictions back in place to tackle its spread. 

 

What did companies across the capital and beyond say about their business confidence? 

 

As stated in the LondonlovesBusiness report, companies in London showed the same level of confidence in their own business prospects as they had during the previous month, at 63%. However, their optimism in the economy as a whole fell by 10 points to 53%, thereby equating to an overall confidence reading of 57%. 

 

A net balance of 53% of firms in this part of the UK are expected to bolster their staff levels over the year to come, which was a 12-point improvement on the last month’s reading. 

 

As for business confidence across the wider UK, the overall reading for December – 40% – was the same as that recorded for November. Although this meant that confidence during the month stayed above the long-term average of 28%, during the second week of sampling that saw the emergence of the Omicron variant, confidence dropped to 32%. 

 

Firms were still positive about their future trading prospects, however, even as the variant opened up a new stage in the battle against COVID-19 – their confidence in this regard actually went up by four points on a month-by-month basis, to 43%. There was also a three-point rise in the net balance of businesses intending to create new jobs, to 33%. And all-round confidence in the economy was sturdy overall during December, the 38% reading being just three points shy of that for November.

 

A positive overall confidence reading was recorded for every nation and region of the UK in the latest barometer, and four of them showed a higher reading than the previous month. The North East saw a 13-point increase in overall confidence to 58%, which was enough to make it the UK’s most confident region. Moreover, the North West, Yorkshire and Humber, and East of England regions also recorded climbing scores in this regard compared to the last month’s readings. 

 

We can help you take stress and inefficiency out of your bookkeeping processes 

 

Given the rising challenge to business confidence posed by Omicron, many questions remain about how firms will navigate the tricky and unpredictable weeks and months ahead. If there is one thing your business can almost certainly do to bolster its own resilience and efficiency, however, it is to give careful thought to how to optimise your bookkeeping. 

For outsourced accounting and payroll assistance from a UK-based firm that you can trust, please do not hesitate to contact the Britebooks team. Our certified QuickBooks and Xero advisors can guide and help you with the implementation of more efficient processes for these crucial aspects of your business’s operations – whatever your circumstances and growth goals may be for 2022.

Latest Posts

  • 14
  • Mar
HMRC criticised for encouraging employers to explain NI tax increase to their workers

  HM Revenue & Customs has attracted sharp words from some bosses over its encouragement to employers to include certain messaging on payslips in relation to next month’s rise in National I…

  • 17
  • Jan
Staff shortages in South West England drive wage increases to record high

A new regional jobs report, as cited by the BusinessLive website, has said that a shortage of workers is leading to an unprecedented rise in full-time starting wages, as well as temporary-worker pay, …

London is the highest-ranking UK region for business confidence during December

December 22, 2021

UK firms set to drive net business borrowing into minus territory over the course of 2021

December 20, 2021

Why You and Your Business Would Benefit from Online Bookkeeping

December 13, 2021

UK firms facing post-Brexit staffing challenges as new Border Controls loom

December 10, 2021

Categories

    Accounting Software (2)
    Bookkeeping (10)
    Britebooks News (33)
    Budget 2021 (2)
    Cloud Accounting (1)
    Corporation Tax (2)
    Covid-19 Support Measures (4)
    COVID-19 Updates (16)
    Digital Accounting (1)
    Furlough Updates (2)
    Outsourced Finances (1)
    Plymouth News (2)
    Quickbooks (2)
    Receipt Bank (1)
    Tax Insights (7)
    Xero (3)
  • 22/12/2021
info@britebooks.co.uk
Plymouth: 01752 74 90 18
Wellington: 01823 65 32 52

If you would like to contact one of our experts for free initial advice, complete the quick enquiry form to receive a no-obligation review of your R & D Tax Relief claim.

  • Terms and Conditions
  • Privacy Policy
  • FAQs
  • Pricing
  • Contact

Copyright 2022 Britebooks