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

New Santander research shows that while the performance of UK businesses has been hit hard by the coronavirus pandemic, many remain optimistic about their ability to grow.

Britain’s businesses are increasingly global in their international aspirations, new research from the Santander Trade Barometer reveals, with many scouring far-flung markets for the most exciting opportunities to expand. Despite short-term headwinds such as Brexit and slowing global growth, the 2019 edition of the Trade Barometer suggests businesses still have highly ambitious export strategies.

The most successful businesses are ambitious in their investments, from talent acquisition and product development to new technology and overseas markets. But our Trade Barometer indicates there has been a worrying decline in business investment across all sectors of the UK economy over the past 12 months.

Britain’s businesses will need to resolve a serious skills shortage if their ambitions for expansion, both at home and abroad, are to be achieved. This is the warning from our latest Trade Barometer research. And while these problems can be managed, the study also suggests the cumulative effect of concerns over Brexit, as well as other headwinds, has made it more difficult to confront the skills gap.

The Spring 2019 Santander Trade barometer research shows just how important skilled workers are for future growth. But economic uncertainty could jeopardise many businesses' willingness to invest in their people. 

The UK's planned departure from the EU has already led to a reduction in the pool of EU nationals looking to work in the UK, which, coupled with a general drag on business investment, could have serious implications for the UK's wider economic performance. As we saw from Santander's Trailblazers report published earlier this year, there is a clear link between investment in staff and company growth.

The Spring 2019 Santander Trade Barometer research suggests many companies are planning to invest less in their businesses over the next 12 months as uncertainty undermines their confidence.


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