JCB secured Silver in the prestigious 'Machine of the Year' award at the LAMMA agricultural machinery show – the largest event of its kind in Britain – at NEC Birmingham last week (15/16 January, 2025). The all-new JCB Telemaster TM280S telescopic wheeled loader was recognised for its productivity, operator comfort and innovative engineering ahead of a host of other new farming machines launched at the show. JCB Agriculture Managing Director, John Smith, said: “No stone has been left unturned in developing the new TM280S as a highly capable, operator-friendly materials handling machine for farming and related industries, so we’re delighted this has been recognised by the LAMMA show organisers with this award." “It’s testament to everyone’s work carried out at factories across the JCB group that we now have a very competitive addition to our market-leading range of telescopic wheeled loaders with appeal to new farming customers at home and overseas.” JCB’s Telemaster machines are the only ones of this type engineered and built in Britain –manufactured at JCB’s Earthmovers factory in Cheadle, Staffordshire, the TM280S features an innovative chassis design, and a unique transmission engineered and manufactured at JCB Transmissions, Wrexham and a 130hp DieselMAX engine designed and built at JCB Power Systems, Derby. Together with a spacious cabin from JCB Cab Systems at Uttoxeter, the newcomer offers farmers a powerful and highly productive machine in a mid-size package that will be perfect for daily chores on dairy, beef and other livestock farms. Its telescopic boom lifts 2.75 tonnes to 4.8 metres and the unique DualTech VT transmission provides flexible and highly controllable hydrostatic drive when working at low speed before switching to direct mechanical drive at travel speeds for maximum power-efficiency and fuel economy. Standing just 2.6 metres tall – a key objective to ensure the machine can enter traditional farm buildings with low doorways – the new model provides great all-round visibility from its central driving position so that operators can work with confidence in and around farm buildings to get jobs completed quickly during a busy farming day.

Residents in Poole have been de-cluttering their homes at the start of the year like never before, according to one of the largest storage businesses. Store & Secure in Hamworthy said they have seen a huge increase in home-owners emptying their properties. Lucy and Sophie Maidman said that there seems to be two reasons; preparing for building work and a new minimalist outlook for the year. Lucy said: “We’ve been in this business for many years now and never has January heralded so many people taking storage to help them de-clutter." “January is always a time when people start afresh and turn over a new leaf, but de-cluttering seems to have really taken off this year – up by 50 per cent on any previous year." “I think a lot of people have decided to extend their homes rather than sell and move and in preparation for that they’ve taken storage out and have started to clear rooms. But there also seems to be a move to more minimalist interiors. Whether this is a wider trend I don’t know, but we’ve seen a lot of it." “Some people, especially those in the very small new homes, simply don’t have much space and are making room. But others who live in modern homes with lots of glass and windows find they look better with a more minimalist interior. Therefore, following Christmas, they are taking storage with us and bringing things they don’t want in their homes." “What they intend to do is rotate their possessions – such as paintings and small pieces of furniture. I think because we are physically secure, but also put a great deal of emphasis on our cyber-security and information security, people really trust us to look after their often very valuable possessions." “We are a family business and are well-known in the area, and that familiarity really helps. I also think that our own interior, with its brightness, clean lines and minimalist feel helps encourage people to clear their own homes.”

Global Brands Ltd is pleased to announce the expansion of its partnership with Distil PLC, after securing full UK & Ireland distribution rights for its renowned brand portfolio, which includes RedLeg Spiced Rum, Blackwoods Gin and Blavod Black Vodka. Building on the initial agreement to distribute RedLeg Spiced Rum to the UK’s off-trade, Global Brands will now take ownership of on-trade, off-trade, cash & carry, and e-commerce channels for the entire company – commencing from February 14th. The announcement represents a significant milestone in Global Brands' third-party strategy and is testament to its ability to strengthen the presence of spirits brands across multiple market sectors. The partnership launches in line with an increasing demand for premium spirits, particularly within the spiced rum category, which continues to gain momentum in the UK & Ireland market. As rum sales grow, RedLeg, known for its bold Caribbean flavours and accessible price point, is well-positioned to capitalise on the expanding consumer demand for high-quality spirits. Global Brands will leverage its strong distribution network and logistics capabilities to position Distil's brands at the forefront of the premium spirits market. Blackwoods Gin, with its rich botanical profile, and Blavod Black Vodka, renowned for its distinctive black colour and smooth finish, are expected to see success as consumer preferences shift towards quality over quantity. Julian Atkins, Managing Director at Global Brands, commented: “Building on the success of our initial collaboration with Distil PLC to distribute RedLeg Spiced Rum in the UK off-trade, we are thrilled to announce the expansion of our partnership. This new agreement grants us full UK & Ireland distribution rights for RedLeg Spiced Rum, Blackwoods Gin, and Blavod Vodka from within Distil PLC’s portfolio." “RedLeg Spiced Rum has already made its mark with its distinctive identity and exceptional quality, capturing the attention of consumers and retailers alike. We are equally excited to bring Blackwoods Gin and Blavod Vodka into our portfolio - each offering unique character and heritage that perfectly complements our commitment to offering our customers variety and innovation.” Julian continued: “This extended partnership marks another significant milestone in our growth strategy, ensuring our dedication to delivering exceptional brands to the UK & Ireland market. With our growing sales team and strong infrastructure, we are well positioned to grow these brands while actively pursuing new opportunities for third-party collaborations.” Don Goulding, Executive Chairman of Distil, added: “Following a successful trial in the grocery and cash & carry sector, I’m delighted to commence a new partnership with Global Brands, extending distribution to the full UK & Ireland trade." "The team has demonstrated a clear understanding of Distil’s brands and ambitions, and we are excited by the opportunities that will be unlocked as part of its portfolio, benefiting from the team’s strong relationships and operational efficiencies." "We are confident that Global Brands is the best partner to support our growth within the UK & Ireland trade.” Global Brands Ltd, the UK’s leading independent drinks company, continues to innovate and diversify its offerings through strategic partnerships. Its portfolio, which includes VK, Franklin & Sons, Hooch, and GATHER Gourmet Cocktails, showcases its commitment to delivering exceptional beverages for all occasions. For more information about Global Brands and its diverse range of products, visit their website here

Two chefs at a North Lancashire hotel are celebrating the completion of qualifications to equip them with new leadership skills in the hospitality sector. The dynamic culinary duo of Joey Longmire-Dodd and Sam Pierce from Lancaster House Hotel have both been studying two year courses as part of their continuing professional development. 28-year-old Joey from Lancaster re-joined the hotel’s culinary team in 2018 and has worked his way up to being a sous chef. He has successfully completed his NVQ Hospitality Manager Level 4 qualification. Meanwhile, Sam, 38, also from Lancaster, is Babcock International’s first learner to achieve a distinction in his Level 3 Senior Sous Chef apprenticeship. The chefs’ training has been delivered with support from English Lakes Hotels Resorts & Venues working in partnership with Inspiro Learning and Babcock International. It has allowed them to hone their skills whilst continuing to forge their careers and earn a living. Both chefs have been able to step up and take on greater responsibilities as a result of their studies, supporting head chef at Lancaster House Hotel Damien Ng in overseeing kitchen team members, managing shifts and helping to plan and deliver menus. Sam explains: “Joey and I both feel that our training has had a really positive impact on how we visualise the business. It’s certainly sharpened our awareness of managing the kitchen so that it runs as smoothly as possible." “We’ve both really enjoyed our studies and can clearly see how our development over the last two years is helping the food and beverage teams move forward. Our aim is to pass on as much knowledge as possible to the rest of the culinary team.” Damien Ng adds: “We’re thrilled with Sam and Joey’s progress and the completion of these highly valuable, practical qualifications. The training has had a big impact on the pair. They now have the ability to see the bigger picture when challenges arise and the management skills to think creatively to deal with them.”

Staffordshire boxing sensation Nathan ‘Hitman’ Heaney is pulling no punches when it comes to supporting JCB’s £2 million appeal for the NSPCC – with a donation of a prized pair of his gloves. Stoke-on-Trent born Nathan took time out from his preparations for his World Boxing Association’s Continental Europe Middleweight Championship title bid in Manchester next month to hand over the gloves for auction. The donation was arranged by Stoke-on-Trent based JCB supplier Rayne Precision Engineering through its insurance brokers and Nathan’s sponsors, Newcastle-under-Lyme based AMB Insurance Services. Rayne Precision Engineering Managing Director Andrew Simmill is spearheading his own fundraising drive to support the JCB NSPCC appeal, which has so far raised more than £2,000 – including a £500 donation from AMB Insurance Services. The £2 million JCB NSPCC Appeal is set to culminate in 2025 in JCB’s 80th anniversary year with all proceeds helping the charity’s work in North Staffordshire. Father-of-two Nathan, 35, said today: “I’m delighted to support the JCB NSPCC Appeal with this donation because it will help the charity’s work in the city that I know and love and where so much of my support comes from. It’s a sad fact that in our community there are children who are at risk and I applaud anything that is being done which can make them safer.” Nathan is also an ardent Stoke City fan and the plan is to auction the gloves at the Potters’ home game against Oxford United at the weekend – a game sponsored by Rayne Precision Engineering to throw the spotlight on the JCB NSPCC Appeal. Andrew Simmill said: “I’m very grateful to Nathan for giving his support to this cause. Nathan is a true local hero and when our community pulls together, we are a force to be reckoned with. We all want to help the NSPCC make a real difference to the lives of local children.” Nathan will enter the ring at the Co-op Live Arena in Manchester on February 8th to take on the current French champion Sofiane Khati. He has just single handedly delivered more than 1,500 tickets for the bout to the home addresses of his loyal North Staffordshire fans.

Johnsons Nurseries Ltd, a leader in the UK’s horticultural industry, is thrilled to announce its fourth successive year of achieving Plant Healthy Accreditation. This continued recognition underscores the nursery’s enduring commitment to safeguarding plant health and championing sustainability in the sector. The Plant Healthy Accreditation is awarded to organizations that meet rigorous plant health management standards as outlined by the UK Plant Health Assurance Scheme (UKPHAS). By achieving this certification, Johnsons reaffirms its dedication to upholding best practices in biosecurity and plant care and recently completed internal plant health training for its staff. Plant health is vital not only to Johnsons but also to nurseries across the country for a multitude of reasons. Protecting our woodlands from pests and diseases such as ash dieback and oak processionary moth is essential to safeguarding native flora and fauna from the threat of non-native species. Healthy plants are fundamental to the creation of beautiful gardens and landscapes and are essential for life itself. They produce the oxygen we breathe and absorb carbon dioxide. Plants also play a critical role in our food systems; without them, humanity would not survive. Securing Plant Healthy Accreditation for a fourth consecutive year is a significant milestone for Johnsons Nurseries Ltd. It reflects the company’s proactive measures in mitigating biosecurity risks and delivering impeccable-quality plants. Jonathan Whittemore, Commercial and Business Manager at Johnsons Nurseries Ltd, said: “Reaching our fourth year as a Plant Healthy accredited business is a proud achievement for everyone at Johnsons Nurseries Ltd." "It’s a clear indication of our ongoing efforts to prioritise plant health and support the resilience of the UK’s horticultural ecosystem. We remain committed to setting industry standards for quality and environmental responsibility.” In addition to this accomplishment, Johnsons is proud to be certified under BSI ISO 14001 for Environmental Management and ISO 9001 for Quality Management. These certifications further demonstrate the company’s commitment to operational excellence, sustainability, and delivering the highest quality products and services to its customers.

The Old Plean Roofing team is working to restore the roof of Stirling’s historic Bannockburn House as part of a long-term project to bring the 17th century building back to life. The award-winning firm, founded by Mark and Fiona Thornton, has been contracted for the first phase of repairs and a team is on site daily conserving the deteriorating roof which is thought to be between 350 and 400-years-old. Water ingress from the roof, which features hand-hewn wooden slate pegs and carvings on the beams, is putting the interior of the House and its ornate plasterwork ceilings at risk and the work is essential to preserve it for future generations. Bannockburn House was completed around 1675 and features historically important architectural features including unique ceilings reputed to be the work of Houlbert and Dunsterfield - two highly skilled craftsmen who also created the ornate ceilings at Holyrood Palace. It has been home to many families across the centuries while its most famous inhabitant Bonnie Prince Charlie used it as a military headquarters for his Jacobite army in January 1746. In 2017, Bannockburn House Trust took over ownership of the House, which had been uninhabited from the 1960s, following a community buyout. Since then, a team of volunteers has worked tirelessly to save the estate and breathe new life into it. Catherine Bradley, head of research, conservation and living history at Bannockburn House, is overseeing the roofing work which involves documenting and studying every piece of material which needs to be removed as part of the restoration project. She says: “The major concern, which has caused many of the problems, is water ingress from the various roofs and this is the most time-consuming, resource-intensive and financially problematic issue the Trust faces in saving the House and surrounding buildings." “The roofing works have begun addressing the problem – initially in areas affecting our ornate plasterwork ceilings and friezes – and are vital to save the historic fabric of the building." “It’s a painstaking process and we are uncovering more and more about the history of the House as we go along which is quite fascinating." “We’re working according to our conservation management plan and, starting with the roof dormers, each layer is being documented and studied and we’ll be conducting detailed analysis to learn more about the construction phases of the House.” The restoration work includes regular consultations with a heritage expert and a bat ecologist is often on site to identify roosts and ensure bats living at the House remain undisturbed. Old Plean Roofing, who are based at Stirling’s Manor Farm Business Park, were selected for the work due to their roofing expertise and local connections. Dr Bradley says: “The House was built historically with local traders and the Trust felt it was important to continue that tradition and work with people familiar with the building materials and styles used." “We also wanted to back the local economy and its tradespeople, to support the community as much as they have been supporting us and involve them in the heritage and history of the House." “We needed a local company who would collaborate flexibly with us and be prepared to stop regularly to take photos and help with the documentation which is vital to preserving the House’s history." “We sought someone who was happy to take the concerns of the building on board and who understood that if we find something of importance we have to wait to research it and gain permission to replace it. We also needed them to adhere to a conservation management plan and OPR Contracts Director Mark Thornton was more than happy to agree with all our specifications.” The OPR team has undertaken some unusual tasks during the project including creating ‘bat slates’ with a gap for bats to get in and out of while the roof is being fixed. They also uncovered sections of an old wooden table which had been used during previous repairs to roof dormers and which may indicate how materials were scarce at the time the work was carried out. The wood has been labelled and photographed and will be studied further by experts working to understand the history of the building. Original roof sarking, slates and hand-hewn wooden pegs are also being examined as the project continues. Mr Thornton says: “The restoration of Bannockburn House is one of the most interesting we’ve worked on and we’re pleased to be involved in a community project which is right on our doorstep. “The restoration is going well and we’ve already carried out repairs to four rear dormer roofs which have stopped water coming into the main rooms." “It’s been an unusual job involving tasks such as manufacturing bat slates which we’ve put in strategic places to give the bats somewhere to roost and direct them away from the areas being worked on." “Bagging, tagging and photographing every single piece of slate and other material which needs to come off the roofs is also interesting and we’re enjoying the challenge and the opportunity to learn more about our local history as we go along.” Further roofing work will include restoring the six Jacobean chimneys and the House is currently closed to the public with hopes it will be ready to reopen in the Spring. Ongoing restoration work to preserve Bannockburn House and its gardens is expected to continue for years and cost up to £20 million and the Trust has a Crowdfunder  in place for donations.   For more details about Old Plean Roofing - visit their website here

Prime Appointments Recruitment Agency is thrilled to announce a fantastic start to 2025 with a new chapter in its history. Jack O’Brien has been appointed Joint Managing Director alongside founder and mother, Robyn Holmes. This momentous occasion marks a significant step forward for the family business, which has been proudly serving the community since its founding in 1992. Prime Appointments was established by Robyn Holmes with a vision to deliver exceptional recruitment services rooted in integrity and community values. Starting from a small office on Witham High Street, Robyn’s dedication and leadership have transformed the company into a leading independent recruitment agency, now with an additional office in Bury St Edmunds, Suffolk. Reflecting on the company’s journey, Robyn said: “It takes a great team to make a business successful. Being transparent with our team about the planned future of the business has always been key. At Prime, we have an open-door policy and ensure all staff feel they are part of our family and its core values.” Now, as Jack steps into his new role, he will work closely with Robyn to continue the company’s growth and evolution. Building on a Strong Foundation Jack joined Prime Appointments in 2011 and has held various roles, gaining valuable experience across all levels of the business. His dedication and hard work culminated in his appointment as Director in 2020. Over the years, Jack has earned the respect of his colleagues and clients alike. Speaking about his new role, Jack said: “It’s a true privilege to take on this role and continue the fantastic work that Mum and the whole Prime team have achieved over the years." "I look forward to building on the strong foundations, embracing new challenges, and ensuring that Prime Appointments thrives for years to come.” Robyn expressed her excitement about the transition: “Prime Appointments has always been a family business, and I’m thrilled to welcome Jack into the role of Joint Managing Director. His drive and passion make him the ideal person to work alongside me as we build on the success we’ve established over the years.” Looking Ahead This leadership change also signifies a shift for Robyn, who will transition into the role of Chairman over the next 18 months. Jack will collaborate closely with Finance Director Layla Drewell, who has been instrumental in streamlining processes and delivering key management insights. Together, they are committed to ensuring Prime Appointments continues to lead in service, quality, compliance, and transparency across East Anglia. In addition to Jack’s appointment, Katie Holmes, Robyn’s daughter, has played a vital role in the business since joining in 2019. As Manager of the Office & Finance divisions, Katie’s contributions have been key to the company’s success. Robyn noted: “Katie has been a vital part of our team, and her efforts have helped us grow and strengthen the company. With Jack and Katie working together, I am confident that Prime Appointments will continue to thrive and adapt to the changing recruitment landscape.” Katie added: “It’s an exciting time for the business. I am thrilled for Jack and proud of his achievements. I look forward to collaborating with him to take Prime Appointments to the next level, expanding our services to meet the evolving needs of our clients and candidates.” Commitment to Community Prime Appointments has a long-standing commitment to charitable work, particularly in supporting Alzheimer’s research and care. Over the past six years, the company has raised an impressive £260,291 for their chosen Alzheimer’s charity, with a new target of £300,000. Jack and Katie have both participated in fundraising events, including skydives, local Half-Marathons and most recently the London Marathon, showcasing their dedication to making a positive impact. Jack emphasised the importance of continuing this work: “The money we raise is so important to so many people. It’s an honour to contribute to such a meaningful cause, and I’m committed to helping us continue to raise money and reach our next target.” Prime Appointments is a leading independent recruitment agency specialising in six divisions, Accountancy and Finance, Commercial & Office, Food & Beverage, Health & Social Care, Technical & Engineering and Industrial & Warehouse. Founded in 1992 and based in Witham, Essex & Bury St Edmunds Suffolk the company is dedicated to connecting businesses with top talent while maintaining a focus on integrity, quality, and community.

Deloitte ’s latest survey of UK Chief Financial Officers (CFOs) shows that business optimism fell to a two-year low in the fourth quarter. A net 26% of CFOs reported feeling more pessimistic about the prospects of their business than three months ago, marking the first time sentiment has tipped into negative territory since the second quarter of 2023. Nonetheless, confidence is well above the lows seen in 2020 and 2022. Key Findings: CFOs are responding to the upcoming rise in employer NICs by cutting costs; UK corporates expected to cut capex, discretionary spending and hiring over the next 12 months, reporting the sharpest fall in hiring expectations since the pandemic; Finance leaders expect the Bank of England to reduce interest rates to 4.0% by the end of 2025; Business optimism has fallen but remains well above the lows seen in 2020 and 2022; CFOs rate the UK as a more attractive destination for investment than ‘developed Europe’. CFOs are entering 2025 with a sharp focus on cutting costs. When asked how they plan to respond to the forthcoming rise in National Insurance Contributions (NICs), CFOs chose cutting costs as their top strategy. Raising productivity and prices for customers were rated as lesser, but important, strategies for dealing with the increase. Finance leaders rate cost reduction as the top priority (52% rating it as a strong priority) for their business for the 11th consecutive quarter. They see this as part of a broader corporate sector squeeze on spending, with a net 58% expecting UK corporates to cut discretionary spending, and a net -64% expecting increases in hiring, which is a four year low. Employment expectations have seen the sharpest fall since the start of the pandemic in early 2020. Only 18% of finance leaders on the panel think that now is a good time to take additional risk onto their balance sheets, the weakest appetite for risk in five quarters. Ian Stewart, chief economist at Deloitte, said: “With cost control to the fore in the wake of the Budget, CFOs have trimmed expectations for corporate investment, discretionary spending and hiring in the next 12 months. But despite a fall in business confidence, we expect to see UK growth picking up over the summer on the back of easy fiscal policy and interest rate reductions, with GDP growth likely to exceed the 2024 outturn and the performance of the euro area.”    High Inflation And Interest Rate Worries Fade CFOs see wage pressures easing over the next year and expect the Bank of England to reduce interest rates by 75 basis points to 4.0% by the end of 20254. Although CFOs reported a very modest increase in the cost of credit in the fourth quarter, credit conditions remain much better than in 2023. A net 41% rated credit as available, while a net 49% rated it as costly. Wage increases are slowing, with the CFOs reporting that average wages rose by 4% at their business over the past 12 months, down from 4.6% in the previous edition of the survey. They expect the pace of wage increases to slow further, to 3.2% over the next 12 months. Geopolitics Tops External Risk List Again, As Uncertainty Rises Geopolitics (rated at 655) tops the CFOs’ risk list6 for businesses for the tenth time in the last 12 quarters. Concerns over competitiveness in the UK economy (rated at 55) have edged up, having been running above the long-term average for the past two years. This quarter saw a notable drop in worries over US growth (rated 44, down from 53 last quarter). Finance leaders described an increase in economic uncertainty in the fourth quarter, with the proportion saying their business faced a high or very high level of external uncertainty rising to 40%. Although this is a one-year high, it remains below the post-EU-referendum average (51%). US Most Attractive When It Comes To Investing This quarter’s survey included a special question on the attractiveness of different destinations for business investment. UK CFOs rate the US as by far the best destination for investment, with a net 59% rating it as an attractive investment proposition. While investing in the UK (net -12% attractive) remains more attractive than in other ‘developed European economies’ (net -36% attractive), it has seen the sharpest deterioration in attractiveness of any major region, with a net -63% saying that its attractiveness has improved over the past ten years. Meanwhile, India and major Middle Eastern economies are seen as having become much more attractive over that period, performing strongly in the rankings (net 16% and 7% attractive respectively and improvement over the last 10 years by net 42% and 34% respectively). Ian Stewart added: “The UK ranks as a more attractive location for investment than the euro area, but overall, the US ranks by some margin as the most attractive destination for business investment highlighting the competitive challenge posed by a fast-growing US economy. 2025 seems likely to be a year of continued if modest UK growth." "Looking ahead, a continued emphasis on policies to unlock the UK’s potential remain key to shifting the trajectory of activity.”

The 20th edition of the World Economic Forum’s Global Risks Report, released today, reveals an increasingly fractured global landscape, where escalating geopolitical, environmental, societal and technological challenges threaten stability and progress. While economic risks have less immediate prominence in this year’s survey results, they remain a concern, interconnected with societal and geopolitical tensions. State-based armed conflict is identified as the most pressing immediate global risk for 2025, with nearly one-quarter of respondents ranking it as the most severe concern for the year ahead. Misinformation and disinformation remain top short-term risks for the second consecutive year, underlining their persistent threat to societal cohesion and governance by eroding trust and exacerbating divisions within and between nations. Other leading short-term risks include extreme weather events, societal polarization, cyber-espionage and warfare.   Environmental risks dominate the longer-term outlook, with extreme weather events, biodiversity loss and ecosystem collapse, critical change to Earth systems and natural resources shortages leading the 10-year risk rankings. The fifth environmental risk in the top 10 is pollution, which is also perceived as a leading risk in the short term. Its sixth-place ranking in the short term reflects a growing recognition of the serious health and ecosystem impacts of a wide range of pollutants across air, water and land. Overall, extreme weather events were identified prominently as immediate, short-term and long-term risks.   The long-term landscape is also clouded by technological risks related to misinformation, disinformation and adverse outcomes of AI technologies.   "Rising geopolitical tensions and a fracturing of trust are driving the global risk landscape" said Mirek Dušek, Managing Director, World Economic Forum. "In this complex and dynamic context, leaders have a choice: to find ways to foster collaboration and resilience, or face compounding vulnerabilities."     Fractured Systems, Fragile Futures The report, which draws on the views of over 900 global risks experts, policy-makers and industry leaders surveyed in September and October 2024, paints a stark picture of the decade ahead. Respondents are far less optimistic about the outlook for the world over the longer term than the short term. Nearly two-thirds of respondents anticipate a turbulent or stormy global landscape by 2035, driven in particular by intensifying environmental, technological and societal challenges.   Over half of respondents expect some instability within two years, reflecting the widespread fracturing of international cooperation. Long-term projections signal even greater challenges as mechanisms for collaboration are expected to face mounting pressure. Societal risks such as inequality and societal polarization feature prominently in both short- and long-term risk rankings. Rising concerns about illicit economic activity, mounting debt burdens and the concentration of strategic resources highlight vulnerabilities that could destabilize the global economy in the coming years. All these issues risk exacerbating domestic instability and eroding trust in governance, further complicating efforts to address global challenges.   All 33 risks in the ranking increase in severity score over the longer term, reflecting respondents’ concerns about the heightened frequency or intensity of these risks as the next decade unfolds.   "From conflicts to climate change, we are facing interconnected crises that demand coordinated, collective action," says Mark Elsner, Head of the Global Risks Initiative, World Economic Forum. “Renewed efforts to rebuild trust and foster cooperation are urgently needed. The consequences of inaction could be felt for generations to come." A Decisive Decade: Collaboration As The Key To Stability As divisions deepen and fragmentation reshapes geopolitical and economic landscapes, the need for effective global cooperation has never been more urgent. Yet, with 64% of experts anticipating a fragmented global order marked by competition among middle and great powers, multilateralism faces significant strain.   However, turning inward is not a viable solution. The decade ahead presents a pivotal moment for leaders to navigate complex, interconnected risks and address the limitations of existing governance structures. To prevent a downward spiral of instability – and instead rebuild trust, enhance resilience, and secure a sustainable and inclusive future for all – nations should prioritize dialogue, strengthen international ties and foster conditions for renewed collaboration. The Global Risks Report is the World Economic Forum’s flagship publication on global risks, now in its 20th edition. Produced by the Global Risks Initiative at the Forum’s Centre for the New Economy and Society, the report leverages insights from the Global Risks Perception Survey, which draws on the views of over 900 global leaders across business, government, academia and civil society. The report identifies and analyses the most pressing risks across immediate, short- and long-term horizons, aiming to equip leaders with foresight to address emerging challenges. It serves as a key resource for understanding the evolving global risk landscape and fostering collective action to build a more resilient future.   For more information, visit the Global Risks Initiative and read the full report here

After three months of stagnation, the UK economy saw a modest growth, largely thanks to increased activity in pubs, restaurants, and the construction sector. According to official data, the economy expanded by 0.1%, following contractions in the previous two months. This return to growth will be a positive indicator for the government, especially after recent financial market turbulence led to soaring borrowing costs and a drop in the pound's value. However, the growth was less than economists had anticipated, with declines noted in manufacturing, business rentals, and leasing. Chris Sims, Chief Commercial Officer, UK Business, BT, comments: "Today's figures are a welcome sign of resilience for the UK economy. And this week’s AI announcement by the Government is a clear example that technology is a lever to help turn this resilience into recovery. Small businesses, the engine room of the UK economy, will be at the heart of this – and supporting their tech-enabled growth will also boost our international competitiveness." "Sustained growth, however, will require more than just policy changes. Large businesses have a vital role to play by sharing expertise and resources with small firms, especially to bridge the digital skills gap. Only through collaboration can we underpin long-term productivity improvements across the economy."   "We must also make the case for tech modernisation clear to all businesses. A fifth of UK SMEs still rely on outdated technologies, showing there’s significant untapped growth potential. By embracing innovation, these businesses can unlock the full power of our digital economy," concludes Chris. Michael Brown Senior Research Strategist at Pepperstone, adds: This morning's UK GDP figures pointed to the economy having returned to growth in November, expanding by 0.1% MoM, snapping a run of back-to-back monthly contractions which had begun at the end of the third quarter. Clearly, though, such an anaemic pace of growth is hardly worth celebrating." "Furthermore, it remains important not to over-extrapolate from a single month's worth of data, particularly with recent sentiment surveys continuing to point to a huge degree of pessimism, and caution, from businesses and consumers alike. This, though, is unlikely to show up in 'hard' data until figures for the early months of 2025 are released. Overall, risks to the UK outlook continue to tilt to the downside." "Furthermore, the figures do nothing to change the narrative in the grand scheme of things, in that the UK continues to grapple with a grim macroeconomic backdrop, of largely stagnant economic growth, combined with stubborn price pressures. On top of this, after the recent sell-off across the Gilt curve, Chancellor Reeves's fiscal headroom has been all-but-eroded, likely leading to further tax hikes and/or spending cuts as 2025 progresses, thus posing a further stiff growth headwind," concludes Michael. Martin McTague, National Chair of the Federation of Small Businesses (FSB), said: “November’s nearly-flat growth in GDP offers little comfort to small firms, and it reflects the difficult trading conditions they have been consistently reporting."   “However, yesterday’s news that inflation rose by less than expected  will give small firms a measure of hope that interest rates could fall in the near future, something that is badly needed."   “The Government must now make good on its statements that growth is its number one priority. Its recent call for regulators to put forward suggestions for growth-friendly changes they could make is one small businesses will welcome. Support for small firms must also be at the core of the three strategies which will be unveiled this spring: the Industrial Strategy, the Small Business Strategy and the Trade Strategy." “Looking ahead, the proposed changes in the Employment Rights Bill are much less promising. With nine in ten small firms expressing concern about the Bill, and with two-thirds saying they are preparing to hire fewer staff, the Bill risks dampening growth, and harming the economy by reducing employment levels and deterring expansion." “The forthcoming Spending Review must be used by the Government as an opportunity to look at how to support small businesses. Small business owners, limited company directors, and the self-employed should be shielded from future tax rises, as it is small and medium-sized businesses who are the ones with the greatest potential to grow, if given the right conditions," concludes Martin. Isaac Stell, Investment Manager at Wealth Club said: "The UK economy spluttered back to life in November with growth of 0.1%, following two months of negative growth in September and October. The small amount of growth achieved in November will likely take further heat off a chancellor that has been under significant amounts of pressure over the last few weeks." "Services output, the engine room of UK economic growth grew by 0.1%, Construction output grew by 0.4% and Production output declined by 0.4%." "The latest figures will be welcomed by the Government, however small they are, and when coupled with yesterday’s inflation undershoot  provide a small glimmer of hope. However, Reeves and co will not want to hang out the bunting just yet as challenges certainly remain in the form of upside surprises to inflation and businesses having to shoulder significant rises in national insurance contributions come April." "However, with an economy that is far from firing on all cylinders, and inflation, for the moment moderating, much needed rate cuts from the Bank of England look like a real possibility.” Commenting on the modest rise in UK GDP offering a glimmer of encouragement, Douglas Grant, Group CEO of Manx Financial Group, said: “A modest rise in UK GDP offers a glimmer of encouragement, but challenges remain, particularly for SMEs. High inflation continues to squeeze costs and consumer spending, while geopolitical instability and fragile supply chains demand diversification and sustainable practices." "SMEs must prioritise agility in adapting to potential fiscal and regulatory changes, managing cash flow, and leveraging cost-effective AI and digital tools to boost efficiency." "Upskilling workforces and embracing flexible labour models will also be crucial in attracting and retaining talent. With investment hesitancy rising, adaptable lending strategies and a focus on resilience are vital to navigating this uncertain economic landscape."    “The current challenges facing SMEs is reflected by research from Manx Financial Group which reveals that nearly a third of UK SMEs have paused or scaled back operations due to financial constraints. Although this marks an improvement from 40% in 2023, significant hurdles persist. Access to external financing remains a challenge for around 10% of SMEs, highlighting the need for a more stable and inclusive lending environment. With the SME lending landscape rapidly evolving, Labour must urgently recalibrate its policies to better support these essential businesses." As Douglas concludes: “Given SMEs’ role in driving growth, employment, and innovation, the Labour Government must foster a supportive lending environment for their resilience and expansion. Both traditional and alternative lenders are key to this, as inadequate financing could hinder recovery amid rising taxes, geopolitical tensions, and cost-of-living pressures."

C. Brewer & Sons are delighted to announce that they have been appointed as Royal Warrant Holders by His Majesty The King for decorating supplies. This huge honour has been appointed to Brewers as a mark of recognition for the ongoing supply of goods or services to the Royal Household. In 2024 HM The King and HM The Queen granted their first two sets of Royal Warrants of Appointment of the new reign. The grants were made as part of a review of all companies that held Royal Warrants at the time of the passing of Queen Elizabeth II. Companies holding Royal Warrants of Appointment represent a huge cross-section of trade and industry, from sole traders to multinationals. They are united by a commitment to the highest standards of service, quality, excellence and craftsmanship. The history of the Royal Warrant can be traced back to medieval times, when competition for Royal favour was severe and the reigning Monarch could choose the country's best tradespeople. By the 15th century, the Lord Chamberlain, as head of the Royal Household, formally appointed tradespeople with a Royal Warrant of Appointment – a practice that continues to this day. As Simon Brewer, CEO of Brewers adds: "We pride ourselves in being the ultimate destination for decorators and playing our part in making the world a brighter place. The honour of the appointment of the Royal Warrant reflects this dedication to quality and service since 1904. We are delighted and honoured to be recipients of this prestigious Royal Warrant."