Clearview National September 2017 - Issue 190 - Page 17

PROUD SPONSOR OF INDUSTRY NEWS INDUSTRYNEWS Forum of Private Business warns of ‘perfect storm brewing’ as trade deficit widens The Forum of Private Business is advising members to have a survival plan in place as the UK goes through the Brexit negotiations. » » REACTING TO TODAY’S poor Productivity and Trade data, which show that the UK’s total trade deficit widened by £2 billion between May and June of this year, the Forum is expressing concern that the eyes of both the government and business are too heavily focused on Brexit and not enough on getting Britain trading. Ian Cass, the Chief Executive of the Forum of Private Business, explained: “The latest data covering manufacturing, productivity and trade, together with the Bank of England’s Inflation Report are all telling us that businesses are likely to face difficult economic times in the coming two years. Yet the Government appears to have just one thing on its agenda…Brexit. Many businesses have the impact of increased business rates to contend with, but the Government website to help with appeals is not working. NEW DATA PROTECTION – LACK OF CLARITY Additionally, many businesses are facing upheaval to comply with the new Data Protection requirements, which are being rushed through to align with European rules, but with no clarity on how they will affect them.” The latest data, released by the Office for National Statistics on 11 August, makes poor reading for the production sector, with output and manufacturing ɕѕ)ѡ͕Յѕȁ)ѡ́啅ȸ)Qմ́ѡɕ)́ѡЁɕͥ+$Mхѥ+$=չѥ+$M) ѥ% ́ͅ+q=͔ݔɕ͔ѡ)ѡɔݥչх䁅ɽչ) ɕаЁѡٕɹЁ)٥ՙЁեѼ)͕ͥ́ѡȁѼ)Օ́ѡЁݽձѡȁٕ)ͥȸ)P I%Q%8QI%9+q]Ёݔٔݕչ)ѡЁչѡЁ)͕ͥ́ٔѼ)ѡɽ՝ѥݡ́ݡ)ݔٔչȁЁ ɥх)QɅ ͕ͥ)ѥЁ)ɽٕɹЁݥѠѡ)Ʌ́ѡЁхɝЁɭ)ݥѥѡɔѕȁ ɕлt)Qմ́ͅѡЁЁ̰)ݕٕȰЁɹ)̸ͭ+qQЁ ɕЁ)ѡͭ́مѼ)͕͔ͥ́́ՔѼ)ɕ͕ѡѥѥ̰)Ё ɕЁȁ ɕа)ɽմ́ѕ́)ѡЁѡͭ́͡хɕ)ѡЁȁѼɽѠ)ѡѥՕ)ѡ́ɽٕɹЁ)ͅѥt́ͅ% ̸+q%ݔхѡѕɥɅѥ)ɅфѽѡȁݥѠ)ѡѥɕձѽ)ɑ̰́ͥѥՕ)չх䁥ѡ)ѡݽ͕ͭ́ɔ)ѡɔ͕́ɥ́ɥͬѡЁѡ)M5չݥ͕)՝Ѽ٥ٔݡЁѡ)ٕɹӊéͽ) ɕЁѥѥ̸]ݽձ)ͬѡ͔ݕȁѼ)ѡȁͥ́ɥɥѥ́ݔɔ)ѼٽəЁհ)ѽɴt) 0IX$\T, <4 L@܃