A round up of other news this week.
When the UK voted to leave the EU, financial services firms took a deep breath and then started planning. Three years on, the industry is primed to play a pivotal role in the new opportunities for growth ahead. The latest in our UK Foreign Direct Investment (FDI) series takes a look at the UK financial services industry and the unique sweet spot of language, law and location that ensures it will remain the ideal location of choice for US investors.
According to Paul Martin, UK Head of Retail at KPMG, in relation to the BRC-KPMG Retail Sales Monitor, “at first glance, November’s decline in like-for-like retail sales of -4.9 percent will leave retailers reaching for the smelling salts, but context is key. If adjusted for the later timing of Black Friday and Cyber Monday, sales are more likely to have increased by a more palatable 0.4 percent like-for-like”.
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