Although Europe’s factories are enjoying a strong period of growth, in fact the best for nearly 20 years, in the UK it is not the same story. Growth is the slowest for 11 months falling month on month.
Also surprisingly was the increase in house prices which fell by 0.3% instead of the predicted rise of 0.2%. which is probably due to a fall in consumer confidence and the constriction on household budgets. Naturally Brexit is being cited for this slowdown in growth.
The US on the other hand the US has shown some very impressive results with jobless claims hitting an all-time low for nearly 50 years.
With all this going on, this is the perfect time to find out if your business qualifies for the governments R&D Tax Credit scheme. Your business’s R&D doesn’t have to be successful to qualify for tax credits. You could recoup thousands of pounds for your business.