Contemporary Business Environment of Virgin Money in the UK

Contemporary business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................1
REFERENCES................................................................................................................................2

INTRODUCTION
Virgin group is a UK based firm that consist of various business from the Virgin Atlantic Airline
to the Virgin media and they show the entire group and the founder is Sir Richard Branson. In
this report, the discussion is used to made that is well related to the Virgin Money which is part
of this group. The Virgin money is usually deal with the financial service and banking and
showing the appropriate headquarter which is generally situated within the England, United
Kingdom. Therefore, they are founded in March 1995 and they also known as the Virgin direct.
In the 2000, the growth of the Virgin money is usually expanded and their management is also
enhancing in all over the world (Brandl, Darendeli, and Mudambi, 2019). The service provider of
the retail banking and the SME which is also offers various of pension, insurance, limit for the
persistent saving and mortgage facilities. In the current time, the Virgin money usually occupies
the sixth position as the largest bank in the UK along with the 6.5 million of customer or the
client, national stores, updated digital platform, relationship manager and some of the contact
centre. As per the time of pandemic, the founder of the selected firm that is Richard Branson is
usually faced various difficulties in order to regulate financial gain and running the smooth
business especially show the aspect with the Virgin money. The report is usually focus on the
information which is investigated towards the market condition within the virgin money business
that operated and their impact on the country with the application of model and theories which
support the report criteria (Cooke, Schuler, and Varma, 2020).
MAIN BODY
Economic environment within Virgin Money firm that operate in the United Kingdom
The concept that is related with the monetary local whether they are currently exceptional
for the UK organisation which is showing the relation in the term of increment that is estimated
through the GDP development that is positive. The line of the evaluation is mainly based on
significance that is enlargement to all good sized that is commercial firm pastime areas. Gross
home product is also estimated in day to day price where the financial practice is showing the
term of economy. The comprehensive of customer spending, enterprise which is generally
subsidize and specialist spending. The improvement in the term of financial is showing the
outcome which is follow the context with the result that is huge mark of how the best run of the
mill economic expectation are used to taken. In the latest year of the UK economy which has
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