Within the BSCC network there exists extensive knowledge and expertise. We are always eager to share relevant knowledge, news and useful information. This week we are happy to share updates from Volvo Cars and Saab. Volvo Cars Last week marked a historical day for Volvo Cars as they announced their first batch of their flagship SUV, the fully electric EX90. They revealed their new and improved Volvo XC90 and have created a ...
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UK House Price Rise Recent data from Nationwide shows that house prices grew at the fastest annual rate since December 2022. In August, the average price increased by 4.3% compared to the same month last year, bringing the average house price to just under £300,000. This puts the current average price only £1,000 below the record set in summer 2022, a time when house prices had surged by 22% over two ...
Read MoreThe British-Swedish Chamber of Commerce is delighted to invite you to an event on Sustainability. Together with Catharina Belfrage Sahlstrand, Chief Sustainability and Climate Officer at Handelsbanken, Claes Berglund, Director Public Affairs & Sustainability at Stena AB, and Malin Speace, CEO and Founder of Ethos. This event will be moderated by Marianne Ramel and will address the most pressing challenges of the transition towards sustainability. Date: 1 October 2024 Time: 17.00-19.00 CET Venue: DLA Piper, Sveavägen 4, Stockholm
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UK cosmetic industry provides boost to UK economy According to Oxford Economics, the beauty industry’s contribution to the UK economy saw an 11% rise, reaching £27 billion in 2023. The chief executive of the British Beauty Council attributed this growth to the industry rebounding from supply-chain disruptions caused by the pandemic and ongoing geopolitical conflicts. She also credited the “lipstick effect,” where consumers, during economic hardships, opt for entry-level luxury items ...
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On Monday 26 August, we had the pleasure to welcome members of the BSCC and the AmCham to our annual golf tournament at Djursholms Golfklubb. The teams played the eighteen-hole course and stood the chance to win prizes generously sponsored by; Utmost International, NatWest Markets N.V, Volvo Cars, Edrington, Diplomat Collection, Hilton, Sheraton, Pernod Ricard, Amplio Rental and Costco. Congratulations to all winners! We would also like to say a special thank ...
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Rental affordability hits new low Rental affordability in the UK has hit a new low as tenants are having to spend 28.8% of their gross income on rent. Furthermore, rent as a proportion of wages has risen by 2.2% over the last year which is the worst it has been in the last seven years. The Office for National Statistics defines rent as being “unaffordable” if it reaches 30% of gross ...
Read MoreThe British-Swedish Chamber of Commerce is delighted to invite you to an Industry Focused event with Michael Green, President and Chief Executive Officer. Date: 23 September 2024 Time: 11.30-13.00 CET Venue: Handelsbanken, Kungsträdgårdsgatan 2, Stockholm
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UK wage growth expected to keep inflation high Catherine Mann, a member of the BoE’s monetary policy committee has stated there are concerns about inflation despite reaching targets of 2%. Wage growth has been high in the last year with wage growth in the public sector being at 6.4% between February and April this year. Wage growth has eased slightly since then but remains around double the amount compared to the ...
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Within the BSCC network there exists exstensive knowledge and expertise. We are always eager to share relevant knowledge, news and useful information. This week we are happy to share updates from Goodwille, and our Patron member Diplomat Collection. Diplomat Collection A new sister hotel to Hotel Diplomat and Villa Dagmar will be opened on 29 August. Villa Dahlia, the third hotel within the family-owned Diplomat Collection is located by Tegnérlunden park in ...
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Bank of England cuts interest rates The Monetary Policy Committee voted this week to slash interest rates providing a boost to the new Labour government to provide economic growth. The BoE reduced interest rates to 5% from 5.25% which is the lowest it has been since 2020. Andrew Bailey, BoE governor stated that the reason for the cut was due to inflation slowing down but also said that it is important ...
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