“The Chancellor has delivered an Autumn Statement that rightly focuses on tackling the UK’s main economic problem, stagnant long-term growth. The only way to sustainably
With the clocks going back and the nights drawing in, once again it is time to assess the likelihood of the lights going out this
CHINESE tourists are returning to London after restrictions on travel were lifted, but they are spending dramatically less than before the pandemic. The New West End
“Central banks have come under fire for missing their inflation targets, but at least as much because their inflation forecasts have really missed outturns.” This
Our conservative estimates are that lockdowns cost £118 billion in lost GDP, and possibly more than that in additional public spending. The current Covid Inquiry
Over the past few years, the world economy has faced a number of shocks that can be described as anything but ‘normal’. Global GDP fell
We expect the Bank of England’s (BoE) Monetary Policy Committee (MPC) to hold interest rates steady when they meet early next month, following confusing signals
The British and the French like to think of themselves as belonging to two very different countries, both culturally and economically. Looking at the data,
In an eerie repetition of the bond squeeze a year ago, which was caused by a combination of Bank of England failures and a bad
The UK Prime Minister is considering cancelling or delaying northern sections of HS2. This has been motivated by rising costs, with the scheme now potentially
Digital investment platform, Wealthify, is today launching a groundbreaking campaign aimed at tackling low financial literacy levels in young people. Partnering with financial and enterprise education
The UK Prime Minister, Rishi Sunak, has this week pushed back the date of the forthcoming ban on petrol and diesel vehicles from 2030 to
The average earnings in the IT sector across the UK have increased at a greater rate than the wider economy despite a slowdown in hiring,
Central bank policymakers are once again finding themselves in a balancing act as they head into the September round of rate setting meetings, hoping to
Following the recent data revision by the Office for National Statistics (ONS), the UK is estimated to have performed significantly stronger than initially thought in
There were over 6,700 business insolvencies in Britain in Q2 2023, more than double what was seen in a typical quarter during the pandemic, though
It’s interesting that no one official in China talks about when the Chinese economy will be bigger than that of the US. Their immediate objective
New research has found as much as £1.7 billion lies unclaimed in the government-run savings accounts which were launched in 2005 and scrapped in 2011. Under the
The inflation data from the UK over the past week has hinted that the Bank of England’s rate raising cycle may not yet be over.
The latest immigration figures for 2022 showed another steep increase in the number of people coming to the UK. Based on the latest estimates, nearly
New survey from The Open University shows that 49% of 18–19-year-olds in England have reconsidered going to university in the last year, due to rising
We are expecting a major inventory cycle in worldwide manufacturing over the next two years, hitting already fragile manufacturing sectors in global economies. Even in
Cebr’s last World Economic League Table (WELT) published in December 2022 suggested that China leapfrogging the US to become the world’s largest economy measured in
This week brought some welcome news from the US as inflation in the world’s largest economy slowed to 3% in June, down from 4% a
On Wednesday, 5th July, I had the privilege of joining Professor Sir Charles Bean, (former Monetary Policy Committee and OBR Budget Responsibility Committee member), Stephen
Over the past two years, the US has faced a series of challenges that have tested its resilience. Alongside the global battle against the pandemic,
The following article was written by Cebr’s Deputy Chairman, Douglas McWilliams. It all looked so easy. When Rishi Sunak pledged to halve inflation this year most commentators
Please note: the figures in the report below were published before the Government announced additional measures to protected mortgage holders on 23 June. These measures
I was recently asked to give a briefing on the UK property market for a range of foreign investors, mainly from South East Asia. This
The volatility in the UK mortgage market has yet again intensified as major banks swiftly withdraw their mortgage offerings, creating more uncertainty for potential homebuyers
Inflation now seems firmly on the retreat across most developed economies. While concerns remain regarding the speed with which inflation is expected to fall back
Compared to the gloomy forecasts at the nadir of the energy crisis last winter, recent months have seen widespread upward revisions to growth forecasts, particularly
UK inflation on the Consumer Prices Index (CPI) measure slowed to 8.7% in April, according to data released by the Office for National Statistics (ONS) this morning
New government data released in the past week has shown that the UK’s productivity has fallen over the last year. Output per person hour in
The ongoing wave of industrial action that has been sweeping the UK has eased since the end of last year, but with little progress being
Recent economic data have painted a more positive picture of business activity for most developed economies. For example, service sector PMI data for April point
As May approaches, the UK eagerly anticipates not only three bank holidays but also the once-in-a-lifetime Coronation ceremony for King Charles III. With an extended
The VAT Retail Export Scheme was withdrawn after December 2020 despite protests from retailers and from Global Blue, the company that specialises in obtaining VAT rebates for tourists. Post
After months of steady improvement, consumer confidence fell from 100.4 to 99.4 (-1) in March 2023, according to the latest analysis from YouGov and the
The UK government’s rush to act on Net Zero is resulting in a failure to recognise that there are more (and less) efficient methods to
The hit to the economy from strikes is lower than originally feared, experts have said. The Centre for Economics and Business Research (CEBR) said that
UK – Consumer confidence fell in March, with the most serious declines seen in short-term job security and business activity, according to research by YouGov
Pounding around his first London Marathon last October, Jeremy Hunt spotted a placard thanking participants for “showing the government how to run things”. Given that
With inflation still near record-highs and real wages falling, it would be easy to see how UK consumers are drawing down their savings to pay
Deposit-free mortgages are about to return to the housing market – but experts have warned they pose a risk of negative equity and threaten to
Watermelon bubble gum, blueberry sour raspberry, gummy bear, ginger cola… no, not some of the sugary treats on the shelves of your childhood sweet shop,
The annual rate of inflation in the US, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), stood at 5.0% in March. This
Korea’s growth miracle: 1953 – present In the aftermath of the Korean War, South Korea was one of the poorest economies on the planet. The
The UK’s non-residential building stock (excluding land value) was worth £899 billion at the end of 2020, according to Office for National Statistics (ONS) Blue
A wave of rising bills and tax hikes coming into effect in April will leave a family on a £50,000 annual income almost £700 a