News

Read the latest Santander news articles and press releases that are relevant to your business sector.

Our new research shows international trade is set to provide UK businesses with a route out of the difficulties they have faced over the past 12 months.

Our new research shows UK businesses that are active on the international stage have proved more resilient amid the economic impacts of the COVID-19 pandemic.

However, the figures remain low relative to pre-coronavirus levels. There were 97 deliveries made in October 2019 and more than 130 deliveries in the same month in each of the previous two years.

Moreover, the pandemic also seems to be prompting a shift in the sector. October’s new orders were entirely for single-aisle aircraft, which are now airlines’ preferred models, as opposed to the larger, wide-body aircraft they once favoured.

Total UK car manufacturing output fell 18.2% in October, with 110,179 units leaving factories. This is 24,490 fewer than in October 2019. The decline reflected the ongoing impact of coronavirus, with fresh lockdowns in the UK and subdued demand in many key international markets.

The chemicals sector will play a key role in the Government’s new Green Plan as we work towards the net zero emissions target.

One impact of the coronavirus crisis has been to constrain the funding available for innovation projects.

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