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Norwich Economic Barometer – March 2018

Written by Paul Vincent on .

Norwich Economic Barometer For March 2018 Has Now Been Published

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.