58% of business leaders prioritise trade for Brexit negotiations

MarketInvoice, the business finance company, conducted a wide ranging survey1 of UK businesses, seeking their views on Brexit, the role of Government and finance.

The top priority (58%) for UK business leaders as part of the Brexit negotiations is to have the right trade arrangements with the EU to ensure a stable trading environment. This is three times more important than having access to EU workers, with only 18% raising this as a priority. Meanwhile, only 7% prioritised the stability of sterling.

The current uncertain economic environment is what’s keeping more than half (53%) of UK business leaders awake at night. They are less worried about the stability of the Government (15%), foreign worker rights (8%) or a weak sterling (1%).

More business leaders (85%) now believe that the Government is tuned into the voice of business since March 2017, when Article 50 was triggered. However, they are not confident or convinced that the negotiating team will defend the interests of business. A quarter (27%) feel they’ve lost their way and will be in for a shock and a further quarter (27%) feel they lack preparedness for the negotiations. Only 5% feel that David Davis is doing a great job.

Anil Stocker, CEO and co-founder of MarketInvoice commented: “Business leaders are clearly focussed on ensuring they are prepared to do business before worrying about people issues. Anecdotal feedback from this survey is that businesses in the UK are getting on with it but are clearly unsettled which doesn’t make for a healthy business environment”

“The good news is that businesses, finally, feel that their voices are being heard by Government but are not inspired with confidence with the negotiating efforts. Could the adoption of the business council at Downing Street make a difference?”

The majority (54%) of businesses reported that their hiring plans have been largely unaffected this year and it is business as usual. Only 2% are now proactively reducing their exposure to EU-nationals in the coming months while more (6%) are now reluctant to hire EU nationals.

More than a third (38%) of businesses feel they will face a cash squeeze going into the next 6 months. The majority would turn to invoice finance (35%) then bank overdrafts (30%) for additional funding whilst only 6% would use a personal credit card.

Stocker added: “While hiring concerns are relatively stable for business, they need to be focussed on managing their working capital needs in H2 2017. The research shows that a third (34%) will forfeit expansion plans, a further third (33%) will forgo launching new products and a fifth (20%) will reduce marketing spend. These are things that will impact the wider economy and could make for tough decisions for business leaders”.

1 Results are from a MarketInvoice survey of 3,874 UK businesses during June and July 2017. Respondents were manager, director and C-level post holders. The survey was conducted online and by e-mail.

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Four times that you should go the extra mile to get the best deal

If you are struggling to balance a busy schedule, one of the most important factors, in regards to whether you buy something, will be convenience. It is so tempting to fall into the habit of visiting the same stores or simply ordering everything online and having it delivered directly to your home. However, sometimes it is important to shake things up! Instead of being restricted by location, why not make the effort to branch out a little? Below is a list of four times that you should go the extra mile to get the best deal.

Duty free

The long hours spent at the airport are the perfect opportunity to find a great deal. If you are in a large airport, it is likely you will find a huge variety of stores. Make sure that you understand all of the dos and don’ts of shopping duty free. Don’t just assume that everything will be a better deal because there is no duty to pay. Do your research so that you know what prices to expect, and what will save you money.

Shopping on your vacation

When shopping on your vacation, you may be tempted to just buy the traditional snow globes, t-shirts or fridge magnets. Don’t be! Your vacation is the perfect opportunity to purchase items that you wouldn’t get anywhere else. A good tip for travelling is to leave a little extra room in your luggage and some flexibility regarding weight, this will ensure that you have plenty of space for all your finds and save you from nasty baggage charges at the airport. It is also a great way to save on the money you would have had to spend on shipping if you had simply ordered the items online.

Local stores

When buying your groceries it is very easy to get stuck in a rut. What is already a chore, just sounds even more complicated when you factor in the prospect of shopping around. However, shopping around might save you a lot of money in the long run. It could also mean that you find products you haven’t tried before, an important factor for families with allergies or picky eaters. If shopping elsewhere means going further out of your way, compare the extra money you’re spending on gas with the money you’re saving at the store. If it’s significantly less, going a little out of your way begins to make more sense.

Purchasing your car

Instead of relying on your local dealership, why not consider going the extra mile when purchasing your car. Although going round the corner is convenient, if you have an idea of what you want it can pay to go further afield Some dealerships will make this very easy for you. For instance, at the BMW Edinburgh dealership, they will fly their UK customers to Edinburgh free of charge and will even buy you lunch! There is also the option to pay a little extra and turn the whole process into a mini vacation, then you simply drive home in your new car.

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Boeing and Dassault Systèmes announce extended partnership

Dassault Systèmes and Boeing have extended their partnership. Boeing will expand its deployment of Dassault Systèmes’ products across its commercial aviation, space and defense programs to include the Dassault Systèmes 3DEXPERIENCE platform.

This decision follows a competitive process that included the rigorous analysis of technical and functional capabilities, cost and business benefits across the value chain. Boeing will deploy the 3DEXPERIENCE platform in phases and rely on Winning Program, Co-Design to Target, Ready for Rate, Build to Operate and License to Fly industry solution experiences for aerospace and defense to deepen its end to end digital collaboration, design, engineering, analysis, manufacturing planning and shop floor execution capabilities throughout the enterprise.

“Dassault Systèmes is proud to collaborate with Boeing as it embarks on another century of innovation with a partner it trusts. Boeing not only leads the way in its own industry, but influences the progress of all industries across modern society,” said Bernard Charlès, Vice Chairman and CEO, Dassault Systèmes. “We are at the turning point of the industrial era, where we are shattering another industry paradigm. The parallel exchange of data between virtual and real operations will transform the value-adding chain into a value creation chain. The entire ‘extended’ enterprise can continuously measure and control business processes for maximum efficiency and potential top line growth. This is ‘Business in the Age of Experience.'”

The 3DEXPERIENCE platform can reduce integration and support costs, improve productivity, foster new innovation, and aid in the introduction of best practice processes to deliver standard work across the value chain. The 3DEXPERIENCE platform can not only simulate products and processes, but also find and eliminate potential risks and quality issues before production. The platform’s single source of data across all applications will provide reliable and actionable real-time information and seamless communication throughout the entire enterprise and supply chain as well as across product generations. This digital continuity will improve data and analytics capabilities.

“The decision to adopt Dassault Systèmes’ 3DEXPERIENCE platform is a key milestone in our digital transformation. This digital enabler provides global design and manufacturing capabilities that will fuel our second century,” said Ted Colbert, Chief Information Officer and Senior Vice President of Information Technology & Data Analytics, Boeing. “The value of this extended strategic partnership is a mutual desire to transform how Boeing connects, protects, explores and inspires the world.”

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How to Choose Your Next Family Car

If your family car is starting to get a little tired, then you will be looking to get a new one. Depending on how long it has been since your last car, you might be a little surprised at the changes in family cars.

They are not always the big monster cars that they used to be; now they use space cleverly so that the outside isn’t that much bigger than a regular saloon. Whether you are going to buy from new, or take a look through the cars for sale, here are a few ideas that can help you.

Safety Features

One of the most important things about your new car is its safety features. You want to be sure that your family is safe and secure in a crash. There will be crash data on all recent car manufacturers that you can obtain through their websites. It is usually the higher the score, the safer the car.

You also need to look at reviews from other owners to see if they have been safe while driving or in a collision. Remember, safety first.

Front Passenger Air Bag

Many cars are now fitted with a key or a switch that can turn off the passenger airbags if you are using a child seat in the front passenger seat. It prevents the airbag from deploying in an accident and harming the child.

In most cases, they are housed in the glove box or beside the dashboard. It is a good safety feature and one you should look out for when buying.

Number of Airbags

Another important airbag detail is how many the car has and where they are deployed. Many cars now have side curtain airbags, along with the front airbags. You may find some cars with other additional airbags as well.

The more airbags the vehicle has, the better the safety for those in the car, so it is a good idea to get the best you can.

Lap and Shoulder Belts

It isn’t very common for cars not to have the fill seatbelt even for the middle seat in the rear. However, it is a good idea to check, particularly if the car is an older model. Using belts without shoulder straps is dangerous for children under 12 years of age.

It also means that if you need to carry more than two child seats, you will have the capacity to in the rear seats.

You should also check that the rear seatbelts are long enough to go around the child seat. Some older cars have a shorter seat belt in the rear so the car seat may not fit.

Cars are now safer than they have ever been and it is good that there are more stringent tests to evaluate their safety. However, you should always do your research with reviews and on the manufacturer website before committing to buy a car that might not be suitable for you and your family.

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