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Boris Johnson hails Nissan s vote of confidence in Brexit Britain as chief commits to keeping 6k jobs in UK

BREXIT BOOM Boris Johnson hails Nissan’s ‘vote of confidence’ in Brexit Britain as chief commits to keeping 6k jobs in UK Nick Gutteridge Updated: 22 Jan 2021, 15:31 BORIS Johnson has hailed Nissan s great vote of confidence in Brexit Britain after the car maker pledged its long-term future to the UK. The PM said a commitment by the Japanese firm to keep its plant in Sunderland, which employs 6,000 people, is fantastic news for the country. 1 Boris Johnson has hailed Nissan s vote of confidence in Brexit BritainCredit: AFP or licensors He said: This is a great vote of confidence in the UK and fantastic news for the brilliant Nissan workforce in Sunderland and electric vehicle manufacturing in this country.”

Border chaos may mean shop shortages within weeks

Border chaos may mean shop shortages within weeks  Food supplies are likely to be the first area where shortages occur, with manufacturers also affected, supply chain expers warn 21 January 2021 • 4:12pm Shops will start to run out stock within weeks if chaos at the borders does not ease, according to supply chain experts. Six out of 10 supply chain managers said they are running into problems with new customs controls and Covid-19 checks that are delaying goods coming into the UK from Europe, research by the Chartered Institute of Procurement & Supply (CIPS) found. Delays ran for several days in about a third of cases. 

Construction sector ends 2020 on a high thanks to housebuilding boost

Construction firms began hiring for the first time in nearly two years in December as a surge in housebuilding helped the sector expand for the seventh month in a row, new figures show. The closely-followed IHS Markit/CIPS construction purchasing managers’ index (PMI) showed a reading of 54.6 in December, little changed from 54.7 in November. A reading above 50 signals growth. The report flagged a return to jobs growth across the sector for the first time in 21 months, albeit marginal, as housebuilding ramped up and halted projects were restarted, with work allowed to continue throughout the pandemic. But it also revealed that port disruptions due to Brexit affected the supply of building materials, which drove the fastest increase in their purchasing prices since April 2019.

UK services sector activity continued decline in December amid restrictions

The UK services sector saw activity fall for the second consecutive month in December as businesses were weighed down by coronavirus disruption, according to figures. The closely watched IHS Markit/CIPS Services purchasing managers’ index (PMI) gave a reading of 49.4 in December, as the rate of decline slowed following a 47.6 reading in November. A reading below 50 is seen as a reduction in activity. It came in below the expectations of analysts, with a consensus forecasting a reading of 49.9 last month. The report said firms revealed that margins were also under pressure during the month due to sharply rising costs and price discounting in a bid to drive trade.

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