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Browse releases

St. James’s Place – The benefits of a financially healthy nation
September 22, 2022

According to our nationwide analysis of financial wellbeing, conducted in conjunction with the Centre for Economics and Business Research (CEBR), those living in the South East are four times more financially healthy than those living in the North East – and they have a 20% higher average annual wage. However, “The higher cost of living in

Yahoo! Finance – Global Financial Inclusion Index from Principal® Develops Benchmark for Financial Security and Inclusion
September 21, 2022

Singapore is the world’s most financially inclusive market, alongside the U.S., Nordic Europe, and Hong Kong, according to the inaugural Global Financial Inclusion Index (Index) sponsored by Principal Financial Group®. The research, conducted by the Centre for Economics and Business Research and released today, examines how well a market’s respective government, financial system, and employers provide relevant tools,

Investment Week – UK could face pensions crisis warns new financial inclusion index
September 21, 2022

The UK has ranked among the lowest for a number of financial inclusion factors, suggesting a pensions crisis could be looming, according to new data. The inaugural Global Financial Inclusion Index, found that the UK, alongside Germany, France and other “wealthy nations”, are failing to engage their ageing populations around the threats of inadequate retirement

The Scotsman – Firms encouraged to embrace ESG to help generate trillion-pound global uplift
September 20, 2022

The global accounting, audit, and advisory network, present in Scotland via accountancy firm Johnston Carmichael, which joined in in 2021, commissioned the Centre of Economics and Business Research to carry out the study, which polled 1,262 companies with at least 250 staff from across the US, Australia, Germany, France, Italy, Spain and the Netherlands as well as the UK. It also found that

Expected falls in house prices unlikely to make housing more affordable for young buyers
September 20, 2022

Since at least November of last year, Cebr has stressed that 2023 would be a challenging year for the UK housing market. We currently expect prices to fall by 4.5% on average next year, with a peak annual contraction of 6.2% expected in Q3 2023. This comes amid sharp rises in mortgage rates, significant cost-of-living

YouGov – Overall consumer confidence is negative for the first time since May 2020
September 16, 2022

Falls across every metric drag consumer confidence index into negative territory for the first time since summer 2020   Both household finance measures decline, with outlook dropping by ten points  Sentiment among homeowners and workers deteriorates   Expectations for business activity become increasingly gloomy   August saw confidence among UK consumers become negative for the first time

Bloomberg – UK Consumer Confidence Drop Feeds Concern About House Prices
September 15, 2022

UK consumer confidence slipped into negative territory for the first time since the pandemic lockdown in the middle of 2020, with homeowners more concerned the value of their property could be at risk. YouGov Plc said its reading of sentiment dropped 4.2 points to 98.8 in August. Pessimism fed into perceptions about where house prices are

The Business Times – UK consumer confidence drop feeds concern about house prices
September 15, 2022

UK consumer confidence slipped into negative territory for the first time since the pandemic lockdown in the middle of 2020, with homeowners more concerned the value of their property could be at risk. YouGov said its reading of sentiment dropped 4.2 points to 98.8 in August. Pessimism fed into perceptions about where house prices are

The Telegraph – Crisis for landlords as one in 12 tenants pays reduced rent
September 15, 2022

One in 12 tenants has had their rent reduced to help them beat the cost-of-living crisis. Buy-to-let investors are haemorrhaging rental income as soaring inflation and rocketing energy bills hammer renters’ finances. Nearly one in 12 tenants (8pc) said their landlord had given them a temporary rent reduction in the last six months, according to research by

The Telegraph – Homeowners could save thousands by remortgaging early
September 15, 2022

Households could save thousands by remortgaging now and paying an early repayment charge. The rate at which interest rates are rising means that waiting until the end of a fixed term to remortgage may not be the best financial decision. Instead, locking in a lower rate now, and paying a proportion of the loan to leave

The Herald – Shoppers’ confidence in negative territory
September 15, 2022

YouGov and the Centre for Economics and Business Research said with UK energy bills set to continue increasing and inflation rising all over the world, the overall index fell by 4.2 points in August from 103 to 98.8, the largest decline since the early stages of the Covid-19 pandemic. The fieldwork for the study took place over

Evening Standard – Consumer confidence sees steepest decline since early stages of pandemic
September 15, 2022

Confidence among UK consumers has fallen into negative territory for the first time since June 2020, according to a survey. The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research (Cebr) fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages of the pandemic. It comes as inflation, largely

Sky News – Consumer confidence plummets over future inflation concerns and cost of living fears
September 15, 2022

The Consumer Confidence Index (CCI) from YouGov and the Centre for Economics and Business Research (Cebr) measures how optimistic people are feeling about the state of the economy. Benchmarked at 100, above that figure consumers are generally optimistic, below 100 they are pessimistic. The CCI fell by 4.2 points in August from 103.0 to 98.8,

The Independent – Consumer confidence sees steepest decline since early stages of pandemic
September 15, 2022

Confidence among UK consumers has fallen into negative territory for the first time since June 2020, according to a survey. The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research (Cebr) fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages of the pandemic. It comes as inflation,

City A.M. – UK consumer confidence falls into negative territory for first time since 2020
September 15, 2022

Confidence among UK consumers has fallen into negative territory for the first time since June 2020, according to a survey. The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research (Cebr) fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages of the pandemic.

Property Notify – Housebuilders Feel the Chill from Gloomy Forecasts
September 14, 2022

Not so long ago, the share prices of the UK’s leading housebuilders were what brokers and investment banks would describe as a strong buy, maybe even a stonking one. From a low point of 384p a share in April 2020, the first Covid-19 lockdown and the closure of the housing market, Barratt Developments’ share price

The Telegraph – Money Makeover: ‘I save £1,000 of my pension every month – should I invest it?’
September 12, 2022

Barry Coidan has the same burning question that many millions of households are confronting this year: how can he protect his hard-earned savings from rampant double-digit inflation? The annual rate of the rise in the cost of living reached 10.1pc in the year to July, its highest level since 1982. The most pessimistic forecasts say it will exceed

The Telegraph – ‘Don’t open the fridge’: the ridiculous ways Britain was told to cut its energy bills
September 10, 2022

Even with Prime Minister Liz Truss’s freeze on energy costs, bills will still be very high – on average 64pc more than last winter. So far during the energy crisis, British households have not felt the real pain of higher costs – but they will once they turn the heating on, which is the main source

The Telegraph – What ‘Trussonomics’ means for your money
September 10, 2022

Families and higher earners will make the biggest savings under the new Prime Minister’s low-tax promises and freeze on energy bills. However, experts have warned that Liz Truss can do little to spare millions of households from a significant rise in their biggest outgoing – their mortgage. Interest rates are still forecast to soar into next year,

New £2,500 UK energy price cap set to limit inflation by nearly five percentage points
September 9, 2022

As announced by the new Prime Minister Liz Truss this lunchtime, the energy price cap in the UK is set to be frozen at £2,500 from 1 October 2022 for two years. This is Truss’s first major policy announcement, as the UK faces a severe cost-of-living crisis. Ofgem had reported last month that the energy

Cambridge Independent – Cambridge Biomedical Campus brings £2.2bn boost to UK economy
September 9, 2022

Cambridge Biomedical Campus had an £2.2billion economic impact on the UK economy last year, a new report marking its 60th anniversary has found. Laying bare the phenomenal contribution of Cambridge’s largest employment site, it reveals that the campus supports more than 16,041 full-time equivalent jobs and a further 15,000 additional roles across the regional supply

The Times – How freezing energy bills could lead to falling house prices
September 9, 2022

One of the first things that Liz Truss did when she took up her role as prime minister this week was announce a freeze on spiralling energy bills. This followed the appointment of a housing secretary, Simon Clarke — he is the fourth MP to take up the post in just under a year. Clarke

Euronews – Euro sinks to twenty-year low against US dollar
September 5, 2022

The Euro slid to a twenty-year low against the US dollar on Monday, trading at below 99 US cents. It comes off the back of last week’s announcement from Russia that it would shut off gas deliveries to Europe indefinitely. Speaking to Euronews why the Euro is performing so poorly, Chief Economic Adviser at the

Computer Weekly – UK payments upgrade to add more than £3bn to GDP, but much more on offer
September 5, 2022

The UK upgrade to its payments infrastructure is expected to add more than £3bn to GDP by 2026, but the potential of real-time payments is much bigger. According to a study from the Centre for Economics and Business Research (Cebr), software firm ACI Worldwide, and Global Data, if theoretically all payments were real-time, UK GDP could be up by

Fed up – Jerome Powell’s crusade against inflation might be over sooner than expected
September 5, 2022

Last Friday, Jerome Powell delivered some hard truths at the economic policy symposium in Jackson Hole, Wyoming. At Cebr, we have been musing for a while that the US Federal Reserve chairman still harbours some resentment towards his staff given how far off the Fed’s economists were in their assessment of domestic inflationary pressures. In the

Business Weekly – Swinging 60-year-old Cambridge Biomedical Campus hands £2.2bn boost to UK economy
September 3, 2022

Cambridge Biomedical Campus, which celebrates its 60th anniversary this autumn, has proved an economic powerhouse for the Cluster and UK economies as well as providing a home for world-leading companies and research. An economic impact report released this week by the Centre for Economics and Business Research (Cebr) for the first time calculates the economic

The Telegraph – Landlords face a crisis that will be ‘worse than during pandemic’
September 3, 2022

Landlords will lose thousands of pounds in rent as the cost of living crisis pushes the number of households falling into arrears to an 11-year high – and a third more than during the pandemic. Nearly one in 10 tenant households in England will fall behind on rent this financial year, according to the Centre for Economics

Mirage News – Cambridge Biomedical Campus celebrates 60 years with £2bn boost to UK economy
September 2, 2022

A new economic impact report details the financial contributions of the Cambridge Biomedical Campus (CBC), which celebrates its 60th anniversary this autumn. The independent report by the Centre for Economics and Business Research (Cebr) for the first time calculates the economic benefits of CBC also highlights the health and research benefits for the region. The

Digit – Payments Infrastructure Upgrade Could Add £3.3bn to Economy
September 2, 2022

The country’s payments infrastructure is currently archaic – but an upgrade could add 0.11% of the UK’s formal GDP. Upgrading the UK payments infrastructure and boosting real-time payments adoption could increase GDP by $3.8 billion by 2026. A new study published by ACI Worldwide, Global Data, and the Centre for Economics and Business Research (Cebr) found that a much-needed

The Fintech Times – New Payments Architecture To Add $3.8Billion to UK Economy Amid Weakest Growth in G7
September 1, 2022

Imposing a new architecture on the UK’s ageing payments infrastructure in conjunction with the wider adoption of real-time payments could boost the country’s economy by $3.8billion (0.11 per cent of formal GDP) within the next four years. Likewise, the ‘untapped potential’ of real-time payments in the UK is now being recognised, while the theoretical impact

Business Wire – Upgrading UK’s Ageing Payments Infrastructure to Boost UK GDP by $3.8bn by 2026 – ACI Worldwide and Cebr report
September 1, 2022

Upgrading the UK’s ageing payments infrastructure and increasing real-time payments adoption are forecast to boost the UK economy by $3.8 billion – 0.11% of formal GDP – by 2026, according to a new study published by ACI Worldwide, (NASDAQ: ACIW), Global Data, and the Centre for Economics and Business Research (Cebr). Read the full article

The Telegraph – Energy inefficient homes face £1,730 bills rise
August 31, 2022

Two thirds of homes in England and Wales face significantly higher energy bills because they are poorly insulated, new research has shown. Properties with an Energy Performance Certificate of D or below face an average bill increase of £1,730 a year when the energy price cap rise comes into effect in October, according to analysis by

Death of Cebr Founding Chairman Sir Francis McWilliams
August 31, 2022

Cebr is sad to announce the death of its first Chairman, Sir Francis McWilliams GBE at the age of 96. He chaired the company from its inception in 1993 until he retired at the age of 75 in 2001. We greatly valued his wise advice. We send our condolences to Lady Wyn, Michael, Rowena, Ianthe

The Times – Food bills ‘will rise by £37 a month’ because of impact of drought
August 29, 2022

The average household will pay £37.41 more for food each month by December next year, a rise of about 12 per cent, because of the impact of the drought on crops, according to the Centre for Economics and Business Research. There should be little impact in the near term, said Pushpin Singh, who wrote the

The Telegraph – Our way of life is just another victim of the cost of living crisis
August 29, 2022

In all the talk of the cost of living crisis, Notting Hill Carnival likely didn’t factor in much. But after a two-year hiatus, the festival returned a little less loudly than usual over the weekend, with several floats “pulling out because they can’t afford to pay their bills” for sound systems, according to London Mayor

Drought set to compound crisis in food production next year, driving up monthly food expenditure up by more than £1bn
August 29, 2022

UK consumers are struggling to cope with the worsening cost-of-living crisis. On Friday morning, Ofgem published the new energy price cap which sees the average UK household paying £3,549 per year for energy, up by 178% on the previous year. The sharp increases in energy bills are threatening to push many towards fuel poverty. But it

Cost of living: additional support may be needed, but must be targeted and not distort price signals
August 22, 2022

Since Boris Johnson resigned on 7th July, two candidates for leadership of the Conservative Party, and consequently for the post of Prime Minister, have emerged: former Chancellor Rishi Sunak and current Foreign Secretary Liz Truss. Against the backdrop of the worsening cost-of-living crisis, their proposed economic policies, and in particular their plans to support households

Anadolu Agency – UK’s energy and cost-of-living crises dominate national debate
August 19, 2022

Britain is currently going through a punishing cost-of-living crisis that has dominated debate among both politicians and the public. The root cause is inflation, which according to the UK’s Office for National Statistics has hit 10.1%. The last time inflation entered double digits was in 1982. In a bid to tame inflation, the Bank of

Daily Express – House price crash WARNING: Cost of homes growth plummeting faster than 2008 crisis
August 18, 2022

The Office for National Statistics have recorded one of the biggest monthly drops in house price growth since records began between May and June. Annual growth slowed by an enormous 5 percent in the space of a month – from 12.8 percent to 7.8 percent. The ONS added the value of the average UK house

Tribune – Why Britain Needs a Real Pay Rise
August 17, 2022

Waking up in Britain these days often means waking up to bad news. This morning, it was that inflation has hit another forty-year high, with CPI reaching into the double figures for the first time at 10.1 percent, higher than the figure predicted by the Bank of England’s short-term inflation forecast. Since poorer households spend

The Telegraph – House prices are now cooling at faster rate than in the financial crisis
August 17, 2022

The property market has cooled faster than in the height of the financial crisis as buyers contend with soaring interest rates and rampant inflation. House price growth slowed from 12.8pc to 7.8pc between May and June, one of the biggest monthly drops in annual growth ever recorded by the Office for National Statistics. In the throes of the

The Telegraph – ‘Worst returns since the 1970s’ as savers lose £142 a month to inflation
August 17, 2022

Cash savers are seeing their wealth eroded by almost £150 a month as inflation climbs further ahead of interest rates.  Savings rates lag way behind the rate of inflation, with the average easy-access account paying just 0.73pc, according to analyst Moneyfacts. With inflation at 10.1pc, this means a saver with a £20,000 deposit is losing £1,702

MalayMail – Callsign Value of Digital Trust Index Report reveals first ever economic value to building digital trust of US$3,000 GDP per capita
August 16, 2022

The findings are revealed in The Digital Trust Index: The value of digital trust Report, which is seminal research, conducted by Callsign, the digital trust pioneer, and the Centre for Economics and Business Research (Cebr), into the attitudes and drivers of digital trust across modern economies. The findings are significant if the global economy tips into recession because

Macau Business – Callsign Value of Digital Trust Index Report reveals first ever economic value to building digital trust of US$3,000 GDP per capita
August 16, 2022

The findings are revealed in The Digital Trust Index: The value of digital trust Report, which is seminal research, conducted by Callsign, the digital trust pioneer, and the Centre for Economics and Business Research (Cebr), into the attitudes and drivers of digital trust across modern economies. The findings are significant if the global economy tips into recession because

Mortgage Introducer – Is equity release the right choice?
August 16, 2022

The financial market is undergoing another period of substantial change by way of the cost-of-living crisis. This comes with the market still reeling from the aftermath of the pandemic, with homeowners’ finances particularly stretched given the financial complications of recent times. As a result, many homeowners are looking to innovative ways they can up their

The Maritime Executive – UK Unveils New Maritime Strategy to Tackle Emerging Threats
August 15, 2022

The United Kingdom has unveiled a new maritime security strategy that is designed to respond to emerging risks that threaten the future of the industry. The new strategy redefines maritime security as upholding laws, regulations and norms to deliver a free, fair and open maritime domain, thus recognizing illegal, unreported and unregulated (IUU) fishing and

Is there scope for making the public sector more efficient?
August 15, 2022

Tory leadership front runner Liz Truss is planning to raise public sector ‘efficiency’. And certainly the Twittersphere is full of examples where the public sector could be run better. But it is equally full of examples of private sector inefficiency as well, especially in those industries that have been privatised without introducing competition. Are there

Daily Express – Four steps you should take to keep retirement on track – state pension, savings and more
August 14, 2022

Pension saving can be a challenge, and many are staring down at a limited retirement due to not having enough funds to get them by. Retirement is lasting longer as life expectancy increases, and people will be planning for decades of life after work. It creates a problem for those lagging behind in savings, an

Daily Express – ‘Lethal cocktail’ of energy bills and interest rate hikes to destroy housing market
August 14, 2022

The UK’s housing market has gone from strength to strength over the last two years, but this could all be set to change as the UK makes its way through the worst cost of living crisis in a generation. The glory days for the UK’s housing market are about to come to an end, with buyers being

Entrepreneur India – Technology Is Piloting the Transition From Linear To Circular Economy
August 13, 2022

Optimum utilisation of resources while maintaining the growth momentum in the economy is a conundrum that every responsible country is experiencing. Especially as the climate goals from COP26 summit looms nearer, the countries are laying out strategies to cut emissions, promote zero waste economy while facing rapid urbanisation and population growth. As India prepares its

Le Figaro – La fronde des Britanniques face à l’explosion de leur facture d’énergie
August 12, 2022

Londres L’hiver dernier, Sheila Eardley n’a pas allumé le chauffage. «Depuis ce printemps, j’ai aussi arrêté de regarder la télévision et d’écouter de la musique durant la journée, raconte cette retraitée de 74 ans qui vit dans un deux-pièces à Brentford, une banlieue de Londres. Durant la récente canicule, je n’ai même pas osé allumer mon ventilateur.»

YouGov – Consumer confidence rises after seven straight months of falls
August 12, 2022

Overall consumer confidence index rose by 2.0 in July – the first increase since November 2021  Household finance measures for the past 30 days (+5.3) and next 12 months (+3.1) have improved – while remaining strongly negative   Business outlook saw a jump of +3.5 points  Job security outlook also inched upwards (+1.3), as did the

毎日新聞 – 世界覆う景気後退危機
August 12, 2022

世界経済が景気後退(リセッション)の危機にさらされている。ロシアのウクライナ侵攻などに伴う資源高をきっかけに、日米欧それぞれで経済の歯車が狂いはじめたためだ。リセッションを食い止めることはできるのか。世界経済はどこに向かうのか。各国経済の専門家に危機の原因と、今後の見通しを聞いた。 米は家計部門の余力がカギ 窪谷浩・ニッセイ基礎研究所主任研究員 米国は今、6月の消費者物価指数が40年半ぶりに前年同月比9・1%増となるなど歴史的な物価上昇(インフレ)に見舞われている。米国の中央銀行にあたる連邦準備制度理事会(FRB)が経済の過熱を抑えようと政策金利を相当速いペースで引き上げている。FRBは経済を犠牲にしてでもインフレ抑制を優先する姿勢だ。金融政策を引き締め過ぎた結果、景気後退に入る懸念が高まっている。 Mainichi Simbun – Global Recession Crisis The global economy is threatened by recession. This is because the economic wheels of Japan, the US and Europe have begun to go out of gear, triggered by high resource prices following Russia’s invasion of Ukraine and other factors. Can the recession be halted? Where is

The Telegraph – House prices are about to dip – and London and the South East will suffer most
August 11, 2022

House price falls are imminent as soaring mortgage rates and spiralling living costs finally catch up with the housing market, experts have warned. The crunch point will hit at the end of this year and bring a year-long downturn in 2023, with prices falling by 4pc, according to the Centre for Economics and Business Research, an analytics firm.  But

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

There 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

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