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Browse releases

The Telegraph – How stealth taxes became Gordon Brown’s grimmest legacy
August 11, 2022

For a brief moment, the curse of “fiscal drag” – the most pernicious of stealth taxes – appeared to have been banished from British politics. Under the Coalition Government, workers’ tax-free allowance steadily increased above inflation year after year, meaning a shrinking share of the population paid income tax to the Treasury. It was a

City A.M. – Growing inequality and financial strain is a threat to London’s social cohesion
August 11, 2022

Our great city works well because we Londoners muddle through together without too much friction. “Live and let live”’ has a claim to be the defining London motto. But there have been times where that harmony has shattered. I remember the shock of Tottenham and Croydon burning in August 2011 and of shops being boarded

Reuters – UK consumer confidence rises after falling for seven months – YouGov/Cebr
August 10, 2022

British consumer confidence inched up in July after seven straight months of decline, possibly reflecting the introduction of support payments for low-income households, a survey showed on Wednesday. YouGov and consultancy Cebr said on Wednesday their overall consumer confidence index rose 2 points in July, representing the first uptick since November. The survey comes days

The Independent – Consumer confidence rose in July to end seven-month stretch of decline
August 10, 2022

Consumer confidence rose in July, possibly due to the Government’s cost-of-living payments, according to a YouGov survey. The two-point rise in the overall index from YouGov and the Centre for Economics and Business Research (CEBR) brings an end to a seven month stretch of decline that began in December 2021. Much of the index’s improvement can be explained by

The Times – Cost of living support gives consumer confidence a lift
August 10, 2022

Consumer confidence rose in July as low-income households received cost of living payments from the government’s support package. A two-point increase was the first rise since November 2021 on the index compiled by YouGov and the Centre for Economics and Business Research. Consumer confidence had fallen by nine points in the seven months to July.

Business Matters – Cost of living support gives consumer confidence a lift
August 10, 2022

Consumer confidence rose in July as low-income households received cost of living payments from the government’s support package. A two-point increase was the first rise since November 2021 on the index compiled by YouGov and the Centre for Economics and Business Research. Consumer confidence had fallen by nine points in the seven months to July.

Evening Standard – Consumer confidence rose in July to end seven-month stretch of decline
August 10, 2022

Consumer confidence rose in July, possibly due to the Government’s cost-of-living payments, according to a YouGov survey. The two-point rise in the overall index from YouGov and the Centre for Economics and Business Research (CEBR) brings an end to a seven month stretch of decline that began in December 2021. Much of the index’s improvement can be explained by an

Business Leader – Online marketplaces generating £282 billion worth of sales each year
August 9, 2022

New research released today from Shieldpay, the secure digital payments market leader, and the Centre for Economics and Business Research (Cebr) has found that almost 900,000 (882,900) UK businesses are currently selling on online marketplaces, generating an estimated £282 billion worth of sales every year – worth 6% of all UK business turnover. The Shieldpay

People Management – Huge divide in wage growth between top and bottom earners requires immediate intervention, HR experts say
August 9, 2022

The UK’s highest earners are seeing pay packets rise by around 10 per cent while those on the lowest incomes are only experiencing wage growth of one per cent, new data from the Centre for Economics and Business Research (CEBR) has shown. Despite the difference in pay growth between those at the top and bottom of the

Financial Times – Where have all the UK’s self-employed gone?
August 9, 2022

Economists love a good mystery. Before the pandemic, one thing they puzzled over was the steady rise in the number of self-employed people in Britain’s labour market — a stronger trend than in most other developed countries. Now there is a new mystery: where on earth they’ve all gone. When the pandemic hit, the ranks

The New Statesman – The top 1 per cent are the only group whose pay has grown faster than inflation
August 8, 2022

UK inflation has reached the highest level for 40 years (9.4 per cent) and is now forecast by the Bank of England to surpass 13 per cent this year. Living standards are now being squeezed as wages fail to rise in line with prices, but the experience of the highest and lowest paid in society is

The Guardian – City workers get double-digit wage rises while lowest-paid see 1% increase
August 8, 2022

City workers received double-digit wage rises while people on the lowest incomes were paid annual increases of just 1% in the last year, according to a study that illustrates the ability of better-paid workers to protect themselves from the cost of living crisis. The CEBR (Centre for Economics and Business Research) said workers in the banking

Bloomberg – CEBR’s Skero: Top City Earners Secure Biggest Pay Rises
August 8, 2022

Nina Skero, CEO of the Centre for Economics and Business Research, says lower paid workers are securing much smaller pay rises than their high-paid City counterparts. She discusses the CEBR’s latest research on pay rises with Bloomberg’s Lizzy Burden and Stephen Carroll. Skero also says the CEBR is forecasting a much shorter recession than the

City A.M. – City of London workers lead wage growth as pay inequality worsens in UK
August 8, 2022

Only the UK’s highest earners have been given inflation-busting pay rises so far this year, as the country’s lowest earners see pay growth ‘flatline’, according to the latest research. The highest earners, typically concentrated in the City of London among finance, professional and technical sectors, have seen annual pay growth of 10 per cent, while

The Times – High earners win biggest salary rises
August 8, 2022

Pay rises for high earners are racing ahead of those of low-income workers, worsening the inequality gap as inflation rages and a recession looms. According to an analysis from the Centre for Economics and Business Research, a consultancy, bankers, financial professionals and other top earners have won salary increases of about 10 per cent in

A tale of two labour markets: following a couple of underperforming years, highest earners now enjoy annual pay growth of 10%, while lowest earners see just a 1% rise
August 8, 2022

In the months since the cost-of-living crisis has come into focus, wage growth statistics have become of particular interest.  Two prevalent yet opposing narratives have emerged. One focuses on the significant bargaining power held by employees as they take advantage of the tight labour market to negotiate record pay rises and generous bonuses. The other

The Sun – Top earners see pay soar by 10% — compared to 1% rise for low-income workers as inflation spikes
August 7, 2022

A lot of the high earners are concentrated in the City of London in finance, professional and technical industries. Pay in these sectors has seen strong growth in 2022, with year-on-year increases in finance and insurance peaking at 19.8 per cent in February. Workers in these sectors are also able to enjoy fat bonuses. The pay findings

The Telegraph – Governor Andrew Bailey’s catastrophism is out of control
August 7, 2022

Andrew Bailey has missed a vocation in journalism. The Governor of the Bank of England has all the right catastrophist instincts, and knows how to generate terrifying headlines. The US Federal Reserve and European Central Bank (ECB) strive to put a gloss on hellish events, careful not to talk their economies into deeper trouble, and are

The Telegraph – Two million homeowners braced for biggest interest rate rise in 27 years
August 4, 2022

Millions of homeowners are braced for the biggest mortgage rate rise in nearly 30 years, with repayments increasing by thousands of pounds a year. The Bank of England is expected to announce a sixth consecutive increase to the Bank Rate since December and the largest individual jump for 27 years today, with markets anticipating a rise from

News Ghana – How Women’s Growing Financial Power Is Unlocking Wealth
August 2, 2022

here has been a gradual increase in the number of women seated at the table when comparing boardrooms from today with those from just before the century. Women have had to put in a lot of effort and be persistent in their pursuit of a job, whether through invitation or on their own initiative. According

Financial Reporter – Remortgage activity to drive business levels in H2
August 2, 2022

Delving a little deeper into the lead up to Q2, LMS’ Remortgage Healthcheck Index for Q1 2022, produced in partnership with the Centre of Economics and Business Research (CEBR), showed a fall of 5.1 points to reach 65.0 in this quarter, its lowest reading since Q1 2021. This drop was mostly driven by a 15.9

Financial Times – UK consumer borrowing doubles as cost of living bites
July 29, 2022

The amount of extra debt taken on by UK consumers doubled last month, according to data from the Bank of England on Friday, raising fears that people are resorting to credit cards and other forms of borrowing to fund increases in the cost of living. The BoE data found that UK consumers borrowed a net £1.8bn in

The Guardian – Consumer credit races ahead as UK households struggle to cope
July 29, 2022

UK consumer credit growth in June accelerated at the fastest rate in three years, as households struggle to cope with the rising cost of living. People borrowed an additional £1.8bn in consumer credit last month, up from a £900m increase in May, according to the latest Bank of England data. With inflation at a 40-year high of 9.4%,

Women’s Euro 2022 tournament has directly supported £152 million of expenditure, fuelled by England’s success
July 29, 2022

This weekend brings the final of the Women’s Euro 2022 tournament, as England face Germany. After the men’s team finished just short in last year’s European Championships, this marks a second major final in as many summers for England’s representatives. Success has not only been limited to the pitch, however, with hosting the tournament generating

Channel Eye – £1.4 trillion of capital is intermediated in Jersey each year
July 28, 2022

The findings of a major research project focused on Jersey’s global economic footprint were presented to Members of Parliament at a special reception on Wednesday 20th July in the House of Commons. The reception, hosted by Jersey Finance, provided an opportunity for Parliamentarians and special guests to hear more about the value Jersey’s financial services

Bloomberg – Football Fans to Spend £138 Million After England Reaches Final
July 28, 2022

The Lionesses, as England’s team is known, beat Sweden 4-0 on Tuesday night. The team’s victories in the competition so far have increased the popularity of women’s football in the country, with 9.3 million people watching the semi-final on TV. German beat France 2-1 on Wednesday night. Some economists are more cautious. Sam Miley from

Daily Mail – One in five trains are running today in another crippling rail strike
July 27, 2022

Passengers are being urged to only travel by train if they must, and if it is necessary, allow extra time and check when their last train will depart. It means millions must work from home hours after the International Monetary Fund (IMF) warned the UK will have the weakest economy in the G7 next year. The

The Telegraph – ‘Complacent’ Rishinomics under the spotlight in showdown to be Prime Minister
July 27, 2022

“I’ve not taken the easy route,” Rishi Sunak admitted as the curtain fell on one of his bruising showdowns with Liz Truss. On economics at least, the former chancellor has not. As he fights to stay in the race to become the next Prime Minister, Sunak is struggling to win both the heads and hearts of

Daily Mail – Angela Rayner’s militant-union backing boyfriend is sacked
July 27, 2022

Angela Rayner’s union-backing boyfriend has been sacked as Labour Shadow Transport Secretary for a ‘breach of collective responsibility’ after he joined striking rail workers on the picket line today in defiance of Keir Starmer. Sam Tarry turned up at London’s Euston station ‘in solidarity’ with the 40,000 RMT members who have shut down at least half of Britain’s rail

Euronews – What Europe’s cost of living crisis means and how we got here
July 26, 2022

The price of a kilogram of bread in France has risen 16 cents in a year and a half. Diesel is up 78 cents per litre. And the list goes on. Across Europe, prices are rising significantly, driven up by high energy and food costs. In the eurozone, inflation reached a record high of 8.6% last

Daily Express – Train strike ‘will blast a £100m hole in economy’ with mass walkouts starting tomorrow
July 26, 2022

Experts said the action will unleash more misery on struggling businesses and hard-working families, leaving more than 250,000 people unable to work as the transport system grinds to a halt across Britain. London Underground workers have announced they are to down tools on August 19 in a long-running dispute over jobs and pensions. Economist Austin

The Times – Record fall in spending power for households
July 25, 2022

Household disposable income fell by a record £44 a week in June, marking its eighth consecutive month of decline as the cost of living crisis intensifies. The average household was £175.80 worse off in June this year than they were in the same month in 2021, according to Asda’s monthly income tracker, produced by the

Bloomberg – Germany Risks Recession, Truss, Sunak Go Head-to-Head
July 25, 2022

Hosts Alix Steel and Kriti Gupta speak with Bloomberg’s Zoe Schneeweiss, Rachel Morison, Siddharth Philip, Michael McKee, and Ellen Milligan. Plus, they hear from JMP Securities CEO Mark Lehmann, and the Centre for Economics and Business Research CEO Nina Skero. Listen to the full podcast

Business Leader – Barclays joins Good Business Pays campaign
July 25, 2022

Barclays bank has announced its support of the Good Business Pays campaign, which encourages large companies to fast track their payments to suppliers. Barclays Business Banking, which supports over one million UK businesses, is reinforcing its commitment to small business owners by signing up to the movement, which was launched in May 2021 to end

Minimum Unit Pricing in Scotland: Why the targeted policy has had a minimal impact on the consumption of the targeted group.
July 25, 2022

In the UK, alcohol-related societal problems have grown significantly over the last several decades. Alcohol deaths in the UK are now more than twice as high as they were in the 1980s. Specifically in Scotland, in 2017 the alcohol-specific death rate per 100,000 people was 20.5, while in England it was 11.1; an 85% difference.1 From

The Telegraph – Liz Truss’s tax plans backed by leading economists as ‘needed and not inflationary’
July 24, 2022

Liz Truss’s tax-cutting plans have been backed by a group of prominent economists, the Daily Telegraph can reveal. The Foreign Secretary has come under fire from Rishi Sunak over her plans to slash National Insurance and reverse a scheduled rise in corporation tax – proposals the former Chancellor has described as “fantasy” economics. But, in a

The Telegraph – How low can they go? The bidding war defining the Tory leadership race
July 24, 2022

The race to become Britain’s next prime minister has become a bidding war over how far each candidate will go with tax cuts, as the country suffers in the wake of the pandemic. Rishi Sunak, the former chancellor, has accused Liz Truss of irresponsible, “socialist” plans to borrow more to fund tax cuts. In turn

LGC Plus – Failure to tackle digital exclusion will undermine every council priority
July 21, 2022

For most of us, using the internet is part of daily life. We use digital skills at work, to socialise, to access healthcare, buy groceries, to bank, and to make everyday, time-consuming tasks easier. As a consequence, people without the access, confidence and basic digital skills to use the internet can face exclusion in a

The Telegraph – Why Thatcher’s tax cuts are so hard to repeat
July 21, 2022

When Margaret Thatcher came to power, she took the reins of a bloated state which ruled over a decrepit economy and delivered what, to modern eyes, appears to be entirely absurd tax rates. A year before the 1979 election, the Iron Lady told businesses that tax cuts were vital to a healthy economy — and,

Breitbart – IMF Tells PM Hopefuls to Not Cut Taxes, Make Climate Investments Instead
July 20, 2022

The International Monetary Fund (IMF) has told the three remaining candidates to replace Boris Johnson as Tory leader and ultimately as Prime Minister in September that they should walk back promises of tax cuts as they should be focussing on spending more money on the green agenda. Globalists at the +IMF have intervened in the

The Telegraph – Why inflation will be a disaster for house prices
July 20, 2022

Inflation has soared to a new 40-year high of 9.4pc in June – and this brings a dangerous triple whammy for house prices. Plunging real wages are hitting buyers and homeowners’ pockets just as high inflation pushes the Bank of England to raise interest rates, which when combined, has drastically reduced people’s ability to afford

Irish Examiner – Tech multinational Cisco sets its sights on making Ennis a ‘smart town’
July 19, 2022

Technology multinational Cisco announced plans to convert Ennis in Co. Clare into a “smart town” which will have better traffic management and increase footfall into shops. This plan is part of a project by Cisco called the Country Digital Acceleration (CDA) which is expected to help increase investment in making countries more accessible through the

City A.M. – Mordaunt’s boss Trevelyan launches merciless attack on Tory leadership hopeful: ‘Others picked up the pieces’
July 19, 2022

Tory leadership hopeful Penny Mordaunt, currently one of the favourites to win the contest, received some harsh criticism this morning from within her own party. In fact, from her boss. Mordaunt missed key meetings in her role as a Government minister in order to plot her leadership campaign, her departmental boss has claimed. The trade

The Times – Tory leadership race: Vow to cut tax a mistake, says IMF chief
July 19, 2022

Tory leadership rivals should not be promising tax cuts, the UK head of the International Monetary Fund has warned, calling on candidates to prioritise investment in the economy. In a pointed intervention to the race to succeed Boris Johnson, Mark Flanagan, head of the IMF’s British mission, said that debt-financed tax cuts “would be a mistake”.

City A.M. – Rishi Sunak says tax cuts are a fairy tale, but he is chasing a Sleeping Beauty fantasy
July 19, 2022

Times are tough. We need a bold plan to tackle the cost of living and get growth going. I have heard my friend Rishi Sunak argue that this is not the time to cut taxes, despite people facing the heaviest burden since the 1940s. With all due respect to the former chancellor, he is acting

The Nation – Digital payments boost Nigeria’s economy with $3.3b
July 19, 2022

The widespread uptake of new digital and real-time payments services in Nigeria has helped to unlock $3.2 billion of additional economic output last year, representing 0.67 per cent of the country’s gross domestic product (GDP) last year. This boost from digital payment adoption is also forecast to rise to $6 billion by 2026 (1.01per cent

Business Wire – Nigeria’s Economy Reaps Benefits of Real-Time and Digital Banking Transformation
July 19, 2022

Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking 6th in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report The widespread uptake of new digital and real-time payment services helped to

Bloomberg Tax – Johnson’s Successor Has £60 Billion for UK Tax Cuts, Cebr Says
July 18, 2022

Britain’s next leader can afford £60 billion ($72 billion) of tax cuts as a combination of higher than expected inflation and frozen income tax thresholds hands the Treasury a windfall at the end of the parliament, according a leading economics consultancy. The Centre for Economics and Business Research estimates that the nominal cash size of

ITV News – Conservative MPs let rip over WhatsApp warning ‘blue on blue’ attacks could kill their party
July 18, 2022

Conservative MPs have reacted with shock and sorrow to the scale of “blue-on-blue” attacks in the Conservative leadership race – culminating in bitter clashes during ITV’s debate on Sunday night.  Some warned that the in-fighting could “kill” their party, while others said the attacks were “shameful”.  Westminster WhatsApp groups were “kicking off more than usual” after

The Telegraph – Next Tory leader has room to make £60bn in tax cuts, say economists
July 18, 2022

The next Prime Minister will have the financial headroom to unlock £60bn of tax cuts for struggling households and businesses as surging inflation floods the state’s coffers with cash, top economists predict. Soaring prices combined with the former chancellor Rishi Sunak’s freezes to income tax thresholds have meant workers will pay far more additional tax than had previously

BBC Radio 4 – The Today Programme
July 18, 2022

Listen to the Today Programme discuss Cebr’s ‘Can the UK afford tax cuts’ 18 July Forecasting Eye on BBC Radio 4. https://www.bbc.co.uk/sounds/play/m00199vn

Daily Mail – Inflation will give Treasury a £60billion boost by 2025
July 18, 2022

Red-hot inflation means the Treasury is set to take £60billion more in taxes by 2025 than it is now predicting, a leading think-tank has calculated. Rising wages and prices, combined with controversial tax grabs introduced by former chancellor Rishi Sunak, will help pull in vast amounts of cash, according to the Centre for Economics and Business Research (CEBR).

Can the UK afford tax cuts? Net tax receipts in 2024/25 (even after allowing for additional spending) will be £60 billion more than the Chancellor’s calculations imply
July 18, 2022

The election campaign for leader of the Conservative party has been lit up by most candidates promising tax cuts. Obviously, Chancellor Sunak, who is bound by his policies as Chancellor, has been less able to join in but even he has promised tax cuts when possible. Meanwhile much of the commentariat (including Cebr spokespersons) have

The Times – Shoppers foot the bill as cargo kings pile on the profits
July 16, 2022

When it comes to his pay packet Andi Case has never been a man to be short-changed, but last year was a truly vintage one for the kingpin of the UK’s shipbroking industry. The chief executive of Clarksons took home £6.8 million, more than the bosses of Marks & Spencer and Sainsbury’s combined. Why is

The Guardian – Economics made simple: 10 experts on where the cost of living crisis came from, and where it’s heading
July 16, 2022

1. Why does inflation happen and what can be done about it? Vicky PryceChief economic adviser at the Centre for Economics and Business Research and co-author with Andy Ross and Peter Urwin of It’s the Economy, Stupid: Economics for Voters (Biteback) Inflation is an increase in the price of goods and services in an economy. High inflation means, effectively, that people can buy

Guido Fawkes – City Economist Says Truss Tax Cuts Are Affordable
July 15, 2022

IFS think-tank wonks, fans of redistribution and big government are having Burmese kittens about tax cut promises from Tory candidates. Other Tory candidates are brandishing their “realism”, which is code for defeatism. The OBR’s latest economic and fiscal outlook estimates that for each 1% of higher nominal GDP, public borrowing in 2024/25 will be 0.8% lower.

Institute of Export & International Trade – Cost of cargo hits exports, report claims, but global freight prices show signs of decline
July 15, 2022

Record shipping costs are accounting for up to a fifth of the value of British exports and affecting their competitiveness, according to a recent report. The Centre for Economics and Business Research (CEBR), an economic thinktank, said that long-haul shipping costs had almost tripled when compared with pre-pandemic levels. CEBR research found that short-haul shipping costs for

Daily Express – ‘Severe recession’ in Europe is now a ‘near certainty’ as Russian gas links bite
July 15, 2022

The EU is urging its member states to reduce the use of heating as Russia cuts gas supplies to Europe. The bloc is trying to find ways to reduce its dependence on Russian gas after the country’s invasion of Ukraine. Until this year Russia supplied about 40 percent of the EU’s gas. But since mid-June, flows through Nord Stream

YouGov – Household finance gloom continues to drag down consumer confidence
July 14, 2022

Consumer confidence declines by -1.2 points – marking seven months of decline   Households report that their finances worsened in the past month (-3.7), while outlook also deteriorated (-3.5)   Outlook for business activity became more pessimistic (-3.4)  Homeowners believe their properties became more valuable over the past month (+3.3) but expectations for the year ahead declined

The Week – Should the UK introduce a maximum working temperature?
July 14, 2022

Many parts of the UK are currently experiencing a sustained heatwave, with predictions of even hotter temperatures to come. The Met Office has issued an amber warning for heat for much of the country on Monday when temperatures could reach a sweltering 35C. It said there would need to be “substantial changes in working practices and daily

Evening Standard – Consumer confidence falls for seventh month in a row – YouGov/Cebr
July 13, 2022

Confidence fell to its lowest point last month since August 2020, according to analysis by YouGov and the Centre for Economic and Business Research. Consumer confidence has fallen for the seventh month in a row as accelerating inflation erodes household buying power, figures suggest. Confidence fell to its lowest point last month since August 2020, according

London South East – UK consumer confidence falls for seventh month in a row – YouGov/Cebr
July 13, 2022

Consumer confidence has fallen for the seventh month in a row as accelerating inflation erodes household buying power, figures suggest. Confidence fell to its lowest point last month since August 2020, according to analysis by YouGov and the Centre for Economic & Business Research. Households reported that their finances worsened in the past month, while

The Independent – Consumer confidence falls for seventh month in a row – YouGov/Cebr
July 13, 2022

Confidence fell to its lowest point last month since August 2020, according to analysis by YouGov and the Centre for Economic and Business Research. Consumer confidence has fallen for the seventh month in a row as accelerating inflation erodes household buying power, figures suggest. Confidence fell to its lowest point last month since August 2020,

The Telegraph – House prices need to fall more than 10pc to counteract rate rises
July 13, 2022

Hopeful first-time buyers who are holding off on potential house purchases while they wait for prices to fall are in for a nasty shock. Interest rate rises will push up monthly mortgage costs so dramatically that even a 10pc house price fall will not make homes cheaper to buy than at the start of the pandemic, new analysis

Property Notify – Despite Tory Turmoil, The Housing Market is Refusing to Cave In
July 13, 2022

The housing market has had to cope with a lot over the past couple of years, from its pandemic closure in March 2020 to the reversal of the stamp duty cut last September and five interest rate rises in a row since December. Now we have a cost-of-living squeeze and government in turmoil, with a

Daily Express – Massive struggle ahead for Britons who use up savings as cost of living worsens
July 13, 2022

Millions are draining their savings accounts and halting new contributions as the cost of living bites, storing up long-term problems for the future. More than half raided savings and investments in the past six months, while one in six have used them up altogether and have nothing to fall back on, according to research from

Energy Live News – Uncertainty mounts as Nord Stream gas pipeline shuts down today
July 11, 2022

European energy markets are holding their breath as Nord Stream pipeline which transfers natural gas from Western Russia to Europe has stopped its gas flows for ten days. A few days ago, it was officially announced that the pipeline will temporarily shut down for “routine maintenance works”, including testing of mechanical elements and automation systems. However, officials and governments have already raised their concerns over

Business Matters – UK exports are hampered by cargo costs
July 11, 2022

Record shipping costs are hurting the ability of British companies to export outside the European Union, dampening one of the apparent benefits of Brexit, a leading consultancy has warned. The Centre for Economics and Business Research said that long-haul shipping costs had almost tripled compared with pre-pandemic levels because of higher fuel and container costs,

The Times – Exports are hampered by cargo costs
July 11, 2022

Record shipping costs are hurting the ability of British companies to export outside the European Union, dampening one of the apparent benefits of Brexit, a leading consultancy has warned. The Centre for Economics and Business Research said that long-haul shipping costs had almost tripled compared with pre-pandemic levels because of higher fuel and container costs,

The Times – Remote working can put places like Hull properly on the map
July 11, 2022

The pandemic has come at a huge human cost, with excess deaths in the UK now exceeding 150,000. Long Covid, surging inflation and public service backlogs all risk hurting the poorest in society. Yet despite these dark clouds, there is an economic silver lining: the greater adoption and acceptance of remote working can be a

How rising shipping costs have hindered the UK’s attempts to boost exports outside the EU
July 11, 2022

The UK’s trade figures have been buffeted of late by changes of definition and accounting practices, large flows of ‘erratics’, rising energy and commodity prices and rising shipping costs. This hasn’t inhibited zealots on all sides from claiming that they ‘prove’ that either Brexit has not been a failure (few go so far as to

The Times – If you believe in China’s growth story, now is the time to buy
July 9, 2022

By 2030 China will have overtaken the United States as the world’s largest economy — so says the Centre for Economics and Business Research. China has long been promoted by the funds industry as offering long-term growth opportunities, and early investors will have seen their faith heavily rewarded. An investment into the iShares China Large

The Times – Putin is turning off the gas — will he switch it back on?
July 9, 2022

Will Germans have to take a bath with a friend this winter? Or follow the example of Robert Habeck, their Green vice-chancellor, and keep their morning shower to less than five minutes? Similar questions are being asked across much of Europe amid speculation that when Russia shuts down a vital pipeline carrying gas to the

Mortgage Introducer – Borrowing by older Brits increasing – equity release lender
July 8, 2022

New research from equity release lender more2life has revealed an upward trend in borrowing by the UK’s over-55s, who are expected to borrow £22 billion more in 2022 than last year. According to the new report, which is a collaboration between more2life and the Centre for Economics and Business Research (Cebr), the total amount of

Institute for Global Change – Tackling the International Fallout of Russia’s War in Ukraine
July 8, 2022

It must be made clear globally that this is not a short-term crisis. The World Bank has already warned that higher food prices could cause lasting damage to low- and middle-income countries, potentially pushing millions into poverty. While the short-term impacts of the war on global food markets are unavoidable, the international community needs to

Mortgage Strategy – Over-55s debt to jump by 37% to £402bn by 2032: More2life
July 7, 2022

The total amount of debt owed by over-55s is set to lift by 37% to £402bn over the next decade, as many retirees struggle with mortgage repayments, credit card debt and the rising cost of living, according to More2life. Most of this debt is held by younger retirees aged 55 to 64 “who are typically

The Telegraph – Landlords in this buy-to-let hotspot will lose £14,100 next year
July 7, 2022

Landlords who raced to invest in the North East will be hit by £14,000 house price falls next year as the cost of living crisis hammers Britain’s buy-to-let heartland. House prices in the North East will fall at the fastest rate in the country next year, down 9.1pc, according to a forecast by the Centre for Economics

The Telegraph – Homeowners race to sell up before house prices fall
July 6, 2022

Homeowners are racing to put their properties on the market before house prices fall. The number of homes being valued by estate agents has shot up as vendors try to sell at the peak of the market before it turns, according to property website Rightmove. The number of home valuation requests in the week of June 20 was almost

Tech HQ – The answer to skill gaps in your company? Apprenticeships
July 6, 2022

Not all companies emerge unscathed from the economic downturn spurred by the pandemic. Talent retention and recruitment in the Great Resignation market have become major concerns for many businesses. Finding the right candidates who fit the bill of the work that needs to be done and successfully training them up to speed is a monumental

The Times – Recession rests on Russia’s plans for gas
July 4, 2022

A severe recession in Europe is a “near certainty” if Russia turns off supplies of gas, the Centre for Economics and Business Research (CEBR) says. The economics consultancy said that, after a significant reduction in Russian gas exports to Germany, the European energy crisis had “reached another level of escalation” and the risk of recession

The Guardian – Europe at risk of recession amid concerns Russia could cut gas supplies
July 4, 2022

Europe faces a rising risk of recession because of rising oil and gas prices amid concerns that Russia could turn off supplies completely, economists have said. Europe’s economy will be hit by a variety of factors including falling demand in the US – its biggest export market – the continued fallout from Russia’s invasion of Ukraine and

The Times – Your three-minute digest
July 4, 2022

1 Many families do not have the cash reserves to cope with the rapidly rising cost of living because income growth was so poor in the years running up to the pandemic, according to a report by the Resolution Foundation, a think tank. It said that tenants and those with young children are most “brutally exposed to the

Business Recorder – Global stocks mixed as eurozone inflation hits record
July 4, 2022

New York equities spent much of the morning in the red, absorbing an industry survey showing slowing growth in the manufacturing sector. But US markets reversed course in the final hours of trading, rallying into the Independence Day holiday weekend amid hopes for a better second half of the year. Investors are coming off the

Recession risk in Europe rises to 40% as Putin turns off the gas
July 4, 2022

Last week, Germany triggered stage two of its emergency gas plan, following a significant reduction in Russian gas exports to the Eurozone’s largest economy. Russia’s state energy company Gazprom cut exports through the NordStream 1 pipeline by around 60% and planned maintenance downtime July is widely considered a convenient opportunity for Putin to shut the

This is Money – Leading think tank warns Europe faces ‘severe recession’ if Russia cuts off gas exports to the continent
July 3, 2022

Europe faces a ‘severe recession’ if Russia cuts off gas exports to the continent, a leading think tank has warned.  The Centre for Economics and Business Research (CEBR) said a deep recession would be a ‘near certainty’.  Russia’s state energy company Gazprom has already cut exports through the NordStream pipeline by around 60 per cent.

GlasgowLive – DWP announces £22 million support package to help unemployed people over 50 find work
July 3, 2022

The Department for Work and Pensions has announced a new £22 million support scheme intended to help unemployed people over the age of 50. The package will fund new measures that will help thousands of people across the UK who are over the age of 50 and unemployed. As a result, they will be given further individual

The Telegraph – Five charts that show the housing market is set for disaster
June 29, 2022

The Centre for Economics and Business Research, a think tank, has also downgraded where it thinks house prices will end up. In May, it expected a price drop of 2.3pc in 2023 but has upped that to 3.4pc. The worst of the decline will be concentrated between April and June next year, when values will fall by

Fintech Malaysia – ACI Identifies Malaysia as The World’s Top 5 Fastest Growing Real Time Payments Market
June 28, 2022

Malaysia has emerged as one of the most sophisticated real-time markets in the world, according to the third edition of the “Prime-Time for Real Time 2022” report. The report was published by ACI Worldwide, in partnership with GlobalData, a data and analytics company, and the Centre for Economics and Business Research (Cebr). According to the report, Malaysia’s real-time

The Malaysian Reserve – Malaysia posted 1.1b real-time transactions in 2021
June 28, 2022

Malaysia had recorded 1.1 billion real-time payments transactions in 2021, facilitating an estimated US$434 million (RM1.91 billion) in cost savings for businesses and consumers, and unlocking US$364 million of additional economic output, equivalent to 1.11% of GDP. It forecasted real-time transactions to grow at 3.6 billion in 2026, a CAGR of 26.9%, with net savings

The Sun Daily – Malaysia 5th fastest growing real-time payment market globally
June 28, 2022

Malaysia is the world’s fifth fastest-growing real-time payments market, with a compound annual growth rate (CAGR) of 26.9 per cent, according to ACI Worldwide’s third edition of Prime-Time for Real- Time 2022 report. According to the report, Malaysia is exceptional in the speed with which it has implemented nationwide real-time payments and its rapid adoption

This is Money – What does it take to become a first time buyer today?
June 28, 2022

It seems with every passing year the homeownership aspiration shared by so many young Britons becomes an even more distant dream. Surging house prices, soaring inflation and low savings rates mean that the goal posts are constantly moving. The typical UK home has risen by 68 per cent over the past 10 years, according to

Daily Express – Older volunteers worth £48bn to UK economy
June 27, 2022

The unpaid services they offer to charities, schools, activity groups like the Scouts and Girl Guides ­and their families are worth two ­per cent of the country’s Gross Domestic Product. The findings highlight the critical but often overlooked role the over 65s play in society and the economy, says the Centre of Economic and Business

Digit News – Home Office Invests Over £44m on Remote Working Devices
June 27, 2022

There was a 282% increase in spending on electronic devices off the back of the pandemic with the Home Office increasing spending from £5,514,950 in 2019 to £21,047,896 in 2021, fuelled by the onset of remote working. Laptops accounted for 66% of the total outlay on devices, with £34,737,000 spent on 43,088 laptops. There was

Gambling Insider – Delamere addiction specialist voices concern over rising cost of living
June 27, 2022

The cost of living crisis could push more people to gamble compulsively, claims Martin Preston, an addiction specialist at private rehab centre Delamere. The clinic, located in Cheshire, cited figures from the Centre for Economics and Business Research (Cebr) which identified a rise in gambling among Britons, as well as gambling spend by under-35s. Consequently,

Home rental prices rise by more than 10% for new contracts, but Cebr expects cost-of-living pressures to lead to slower growth next year
June 27, 2022

It’s not a great time to move to a new rented home. The average rent agreed for new contracts rose by 10.6% across the UK in the year to May 2022, with prices in London rising the fastest – at 15.7%1. This is considerably up on rent increases at the same time last year when

The Telegraph – Why you will need another £4,000 a year to afford your first home
June 26, 2022

First-time buyers will need to find £4,000 a year more to pay the mortgage when interest rates rise to their highest in a decade. Buyers with 5pc deposits have been spared the significant interest rate rises suffered by more affluent borrowers so far this year. But rampant inflation means they will soon bear the brunt of

Checkout – Asda Supermarket Says Shoppers Buy Less, Seek Cheaper Items
June 26, 2022

About two fifths of customers at Britain’s Asda supermarkets are buying less and swapping branded items for Asda-brand products where possible to save money amid a worsening cost of living crisis, the retail chain said on Friday (24 June). Britain’s households are struggling to keep pace with inflation which hit 9.1% in April, its highest

Daily Express – Brexit: ‘Ineffective!’ Macron red-faced as France to fall BEHIND Brexit Britain
June 26, 2022

The French economy has fallen below that of Brexit Britain after being ahead of the UK in 2011, recent data has revealed. The data from The Centre for Economics and Business Research, the World Bank and Trading Economics said that by 2030 China will be the world’s largest economy. Research forecasts that France – led by President Emmanuel

This is Money – Bank of England Governor Andrew Bailey on rack as economists demand probe into inflation forecasts fiasco
June 26, 2022

Senior economists and an influential MP have demanded a major parliamentary inquiry into the Bank of England’s spectacular failure to predict soaring inflation. Bank Governor Andrew Bailey’s £575,000-ayear job could be on the line if he is found to have been ‘asleep at the wheel’ for not spotting the escalating cost-of-living crisis, one added.  Bailey

Euronews – Britain’s Asda supermarket says shoppers buy less, seek cheaper items
June 25, 2022

About two fifths of customers at Britain’s Asda supermarkets are buying less and swapping branded items for Asda-brand products where possible to save money amid a worsening cost of living crisis, the retail chain said on Friday. Britain’s households are struggling to keep pace with inflation which hit 9.1% in April, its highest in more

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