Brexit Uncertainty, UK Businesses, & a WorldPay Phone Number
Britain's businesses are faced with uncertainly associated with Brexit. Exports have decreased, recruitment difficulties have risen, and investment plans are falling behind. Are you interested in a WorldPay phone number? Where can you find the best merchant services to grow your business? the answers are found in the lines below.
Brexit Uncertainty and UK Businesses
British businesses are looking forward to seeing the end of the uncertainty over the terms of Britain’s exit from the European Union (EU). This is what Bank of England Deputy Governor Dave Ramsden told the Northern Echo newspaper in an interview.
E.g., the property market has lost its confidence because of Brexit uncertainty, as the official surveyors’ body states. According to the surveys in the space, buyers are evaporating, prices are falling, and sales are taking a record amount of time to complete.
Based on the information provided by the Royal Institution of Chartered Surveyors (RICS), the time taken to complete a property sale is now 19 weeks. In fact, this has been the longest duration since the RICS began collecting data.Mark Carney, Bank of England (BoE) governor, has warned that British house prices could decrease 35% if the UK leaves the European Union without a “divorce deal.”
The central scenario of BoE suggests that if Brexit goes smoothly, the economy would grow by nearly 1.75% a year and for the labour market to strengthen.
The British Chambers of Commerce (BCC) has recently held a survey, which is based on answers from 5.600 companies and is the largest of its kind in Britain. The survey results show that services firms are having the most difficult time finding staff since 1989 when the survey first began. Besides, the growth in factory exports has been the slowest since late 2016.
The growth rate of Britain's economy has gone down since the 2016 Brexit vote. In September, the BCC predicted that 2018 growth would fall to 1.1%, marking the weakest point since the end of the 2008-09 recession.
WorldPay Phone Number to Grow Your Business?
Only 13% of CFOs having participated in a recent survey expressed more optimism concerning the prospects for their company as compared to what they thought 3 months ago.79%thought the long-term business environment would become worse after Brexit. By the way, this has been the highest share since the 2016 Brexit vote.
With all this being said, it’s critical for merchants in the UK to work with a reliable and experienced payment processor to get the best deal for their business. With a reputable payment expert, you can find the best answers to all your questions, including a WorldPay phone number, with ease.
A respectable merchant services comparison company will offer you free consultation and review of contracts, as well as rates, and fees. Also, a true professional in the field will check each processor’s integration process to ensure you’re not making extra payments caused by misleading terminology, hidden costs, and deceptive sales tactics.
Brexit uncertainty is still a hot topic. Each day brings a new and different headline. So, be prepared and work only with real payment experts to avoid falling into obstacles while growing your business.
Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry has helped thousands of business owners save money and time, as well as get a WorldPay phone number.