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Browse releases

Yorkshire Building Society – Inflation Nation
May 18, 2022

Download the full report here Cebr was commissioned by Yorkshire Building Society to examine the current financial resilience of households across the UK. With the economy still recovering from damage sustained during the pandemic, and the tax burden increasing for many households, ongoing rises in inflation could not have come at a worse time. Average

The Argus – Brighton’s economic output growth set for huge increase
May 17, 2022

The Centre for Economics and Business Research (CEBR) predicts Brighton will leap 38 places in its league table of cities, moving from 43rd for economic output growth in 2021 to fifth place by the end of 2023. The city could have a £300 million increase in its output, the equivalent of 2.3 per cent year on year.

DerbyshireLive – Thousands of jobs for Derby by 2024 as economy grows
May 17, 2022

Derby has been forecast to create thousands of new jobs and have the fastest-growing economy of any city in the East Midlands by the end of 2023. New figures from Irwin Mitchell’s UK Powerhouse report says that Derby will see the number of jobs available grow to 3,600 by the end of 2023. By this time, the value of

WiltshireLive – Swindon forecast to be among top 10 fastest growing economies by 2023
May 17, 2022

Swindon is predicted to be among the fastest growing economies by the end of 2023, according to new research. The study carried out by the Centre for Economics and Business Research (Cebr) revealed that it had placed in the top ten in the country. Most of the top 10 fastest growing city economies by the end

The Telegraph – Carers pushed into poverty after ‘insulting’ 4p an hour rise in allowance
May 17, 2022

Millions of carers have been left thousands of pounds worse off and struggling to keep up with rising costs after receiving an “insulting” 4p an hour increase in carers’ allowance.  Family members who care for sick loved ones for more than 35 hours a week and who receive the state-paid benefit have been pushed into poverty by

The Business Desk – ‘Billion pound boost’ predicted for Birmingham’s economy by 2023
May 17, 2022

Birmingham is set to see its economy grow by £1bn by the end of 2023, bucking the trend for the most successful cities to be found in southern England. According to Irwin Mitchell’s UK Powerhouse report, produced by the Centre for Economics and Business Research (Cebr), Birmingham delivered 6.9% GVA growth in the 12 months

StokeonTrentLive – Stoke-on-Trent tipped to have third highest jobs growth in 2023
May 17, 2022

Stoke-on-Trent has been tipped to have the third highest jobs growth in the UK by the end of next year. A report from law firm Irwin Mitchell predicts that Stoke-on-Trent will have a year-on-year growth in employment of 2.2 per cent by the fourth quarter of 2023, with only Cambridge and Oxford expected to do

Lancashire Telegraph – The economy in this area of Lancashire is expected to grow by £100m creating 2,000 jobs
May 17, 2022

A NEW economic report is predicting the size of the economy in an area of Lancashire will grow to almost £4.3 billion by the end of 2023. However, it has warned the Government’s “levelling-up” agenda will stall unless more Foreign Direct Investment (FDI) is attracted to the region. According to Irwin Mitchell’s UK Powerhouse report, produced by the Centre

BusinessLive – Nearly 10,000 Bristol jobs to be created by 2023, study finds
May 16, 2022

Bristol’s economy is expected to fall out of the UK’s regional top 10 but still expand by £500m and add almost 10,000 new jobs by the end of next year, according to a new report. The city has been predicted to see year-on-year growth of 2% in the fourth quarter of 2023 in terms of

The Yorkshire Post – Leeds is set to lead the way for jobs growth in the North with the creation of 19,000 new roles
May 16, 2022

Law firm Irwin Mitchell’s latest UK Powerhouse report, produced by the Centre for Economics and Business Research (CEBR), showed Leeds will be one of the few Northern cities to improve in terms of job creation by the end of 2023. Leeds is expected to go from ninth in the table in the fourth quarter of 2021, to sixth place

City A.M. – Levelling south: Most of UK’s top 10 fastest-growing city economies are in the South or East of England
May 16, 2022

Most of the top 10 fastest-growing city economies by the end of next year will be in the South or East of England, new research suggests. The Government’s levelling up agenda will fail to take off unless more is done to help local economies in other parts of the UK. The dominance of London and

Nation Cymru – Wales only part of the UK that saw an increase in foreign direct investment projects during pandemic
May 16, 2022

Wales was the only part of the UK that saw an increase in foreign direct investment (FDI) projects during the pandemic. In Wales, the figure increased 3%, while in London the number of FDI projects collapsed -23%. There was also a fall in Scotland (-24%) and Northern Ireland (-28%). But despite being the only UK

Brighton and Hove News – Brighton and Hove ‘among Britain’s fastest-growing cities’
May 16, 2022

Brighton and Hove will be one of Britain’s fastest-growing cities by the end of next year, according to a report published today (Monday 16 May). But the city is not among the 10 locations tipped for the highest rates of job growth. Law firm Irwin Mitchell asked the Centre for Economics and Business Research (CEBR)

Scottish Business News – New economic report highlights mixed fortunes for Scottish cities over next two years
May 16, 2022

A NEW economic report places Edinburgh in the top ten best performing cities for economic output and employment by the end of 2023 but reveals mixed fortunes ahead for Aberdeen and Glasgow. According to Irwin Mitchell’s latest UK Powerhouse report, produced by the Centre for Economics and Business Research (Cebr), Edinburgh will rise from being among the

GB News – Rishi Sunak piling the pressure on British families with £7.5billion ‘stealth tax raid’
May 16, 2022

“Stealth taxes” will cost Britons more than £7.5bn this year as inflation spirals and tax brackets are frozen in place. The cost of living crisis has already gnawed through workers’ pay increases, and now families will be coughing up even more. As people’s pay packets increase in line with sky rocketing prices, more workers will

Milton Keynes Citizen – Milton Keynes to be among fastest growing economies by the end of 2023
May 16, 2022

Overseas investment and an economy rich in services and tech-based firms will mean Milton Keynes will be home to one of the UK’s fastest growing economies by the end of 2023 – according to a new business report. The UK Powerhouse study, which has been produced by Irwin Mitchell and the Centre for Economics & Business Research (Cebr), analyses

The MPC is being forced to accept inflation five times its target rate. This will have long term consequences for its credibility.
May 16, 2022

In February 2021 the Bank of England’s Monetary Policy Report predicted an inflation peak of 2.1%. In May 2021 the forecast peak was raised to 2.3%. In August 2021, acknowledging that inflation was already 2.5% and above the previously forecast peak, the new forecast peak was raised to 4.0%. In November 2021, noting that inflation

The Times – Will the housing market crash in 2022?
May 15, 2022

Is there any hope of house prices dropping in the near future, or is this basically it, rising 10 per cent-plus a year? A despondent would-be first-time buyer posted their predicament on a Reddit forum recently: “Partner and I have a combined income of £53,000 and deposit of £35,000, but no houses in a ten-mile

IFA Magazine – Research from YouGov shows that cost of living crisis may get worse in the coming months
May 14, 2022

Responding to the research from YouGov and the Centre for Economics and Business Research (CEBR) showing that confidence in household finances has hit an all-time low, consumer finance specialist Sarah Pennells at Royal London, said: “Our cost of living research shows that people are already cutting back their spending on food, fuel and energy bills, with

The Telegraph – London house prices will fall 10pc by 2024
May 13, 2022

London homeowners already pay the biggest share of their take home pay towards mortgage repayments compared with any other region.  First-time buyers in the capital spend more than half their earnings on their mortgage, compared to 37pc in the South West, 26pc in Wales and 19pc in the North of England. As rising mortgage repayments

YouGov – Consumer confidence falls for the fifth month running
May 13, 2022

The UK’s cost of living crisis has knocked consumer confidence again, according to the latest analysis from YouGov and the Centre for Economics and Business Research (CEBR). As with last month and the month before, a modest fall in the overall index (-1.0) can be explained by a rather more severe decline in household finance

Research Live – Household finance measures hit record low for third month in a row
May 12, 2022

As with last month and the month before, a modest fall in the overall index (-1.0 ) can be explained by a more severe decline in household finance measures, which have hit yet another all-time low. Across other measures, the story is less dramatic. Worker perceptions of retrospective business activity saw a minor bump, increasing to

Express & Star – Confidence in household finances hits record low
May 12, 2022

UK households’ concern about their finances has hit another record low as they “bear the brunt” of the cost-of-living crisis, according to a survey. Confidence in household finances over the short term hit an all-time low in the monthly survey from YouGov and the Centre for Economics and Business Research (CEBR) in April, dropping by

Sky News – Cost of living worries sends consumer confidence into ‘freefall’, says study
May 12, 2022

Concern about the cost of living has hit a record high as UK households continue to “bear the brunt”. A new survey says confidence in household finances over the short term, hit an all-time low in April, dropping by six points on the previous month and a “massive” 57 points compared with April last year

The Independent – Confidence in household finances hits record low
May 12, 2022

UK households’ concern about their finances has hit another record low as they “bear the brunt” of the cost-of-living crisis, according to a survey. Confidence in household finances over the short term hit an all-time low in the monthly survey from YouGov and the Centre for Economics and Business Research (CEBR) in April, dropping by six points on the

Reuters – UK Consumer Gloom Over Finances Sinks to New Low
May 12, 2022

The gloom among people in Britain over their personal finances hit a fresh all-time low in April, according to a survey which added to signs of how households are struggling to cope with a cost-of-living crisis. The monthly consumer sentiment survey from pollsters YouGov and consultancy Cebr showed sentiment around household finances – both in

iNews – Rising prices mean three quarters of Britons expect to be £3k worse off this year
May 12, 2022

The well-being of Britons is at a 10-year low with the rising cost of living found to be the most pressing issue for more than a third of adults, a survey has revealed. The LifeSearch Health, Wealth and Happiness Index, compiled by the Centre for Economics and Business Research, found that despite starting to recover in 2021, the

The Telegraph – Families will be £3,000 poorer by Christmas
May 12, 2022

Already-stretched households are bracing for an additional £3,000 dent in their finances this year as inflation soars even higher. Three-quarters of bill payers expect to be worse off this year as a result of rising costs, according to a survey of 2,000 adults by LifeSearch, an insurance broker, and the Centre for Economics and Business Research

The Telegraph – Should I sell my home now if house prices are at their peak?
May 11, 2022

The power balance in the housing market is turning. Sellers who last year received multiple bids and offers 20pc higher than they asked are now rushing to shift homes before prices fall. A race to lock in sales ahead of a widely expected slowdown  has meant more sellers agreed a price last month than in April 2021: when

Digit FYI – Real-time Data Analytics Offer Increased Revenues, Research Claims
May 10, 2022

New research has found that real-time data analytics technologies increased revenues for 80% of companies. The Speed to Business Value report from KX and the Centre for Economics and Business Research (Cebr) surveyed over 1,200 companies across the US, the UK, France, Germany, Singapore, and Australia. With 80% of the surveyed companies increasing their revenues, real-time data

GB News – New passport warning as Brit tourists hit by EU regulations causing ‘worst chaos yet’
May 9, 2022

British holidaymakers travelling to France have been warned of new travel regulations which could ruin their holiday before it has even begun. New EU regulations will force passengers to leave their cars at Dover to undergo biometric checks. The new Entry-Exit System (ESS) will require anyone passing through to have a digital ID by September.

Yahoo! Finance – Real-time, real value: 80% of businesses see revenue increases thanks to real-time data
May 9, 2022

KX and the Centre for Economics and Business Research (Cebr) have published ‘The Speed to Business Value’ an industry report showing the commercial and operational benefits to be gained by businesses adopting real-time data analytics technologies. Announced today at the Gartner® Data & Analytics Summit 2022, the in-depth report surveyed over 1,200 companies spanning six countries

Datanami – New KX Report Analyzes Business Impact of Real-time Analytics
May 9, 2022

Real-time analytics, also known as streaming analytics, is a subset of data analytics that helps businesses obtain real-time insights and predictions from large volumes of data to allow for optimal, immediate decision making. Real-time data platforms are often highly scalable and offer many capabilities rolled into one: real-time analytics, time-series databases, complex event processing, machine

Strict lockdown measures in Shanghai estimated to knock 0.3 percentage point off China’s output in March
May 9, 2022

Shanghai, widely hailed as China’s commercial capital, has become the biggest victim of the mainland’s aggressive zero-Covid strategy. Having kept new cases in single digits for much of 2021, a spike in infections saw the port city enter lockdown in late March, as part of the central government’s hard-line mandate to stymie community transmissions. The

The Sunday Times – My big house doesn’t make me rich, it makes me anxious
May 8, 2022

Something happens the moment you buy a house. People assume that you’re rich in a way they don’t when you rent, or even when you own a flat. It is absolutely pointless trying to tell them that you’ve never felt poorer or worried about money more — they won’t believe you. Suddenly, because you own

The Telegraph – Repossessions to surge 50pc as rate rises squeeze households
May 6, 2022

The number of homeowners forced to sell up is forecast to rise by half in the coming months amid an affordability emergency triggered by rising interest rates. Repossessions will surge as borrowers struggle to afford higher mortgage payments, experts have warned, with almost 4,000 people at risk of losing their home by the end of

Forbes – Mental Health Awareness Week: Cost Of Living Crisis Takes Its Toll
May 6, 2022

As we enter Mental Health Awareness Week on 9 May, surveys find the rising cost of living is triggering huge anxiety as millions face bills they are struggling to afford The ongoing and worsening UK cost-of-living crisis is having a significant impact on mental health in the UK, according to research by asset management firm BMO. According

Singapore Business – Real-time payments to boost SG’s GDP by $793.2m in 2026
May 4, 2022

Real-time payments are expected to facilitate $793.2m (US$573m) of additional economic output in 2026 for Singapore, equating to 0.15% of the city-state’s GDP, data from the third Prime-Time for Real-Time study by ACI Worldwide and Centre for Economics and Business Research (Cebr). In 2021, real-time payments boosted Singapore’s GDP by $483.1m (US$349m) and helped local

Sidetrade reveals B2B global payment trends from its unique Data Lake with an industry-first predictive payment intelligence map of 20.7 million companies worldwide
May 4, 2022

Data aggregated and anonymized from over 593 million B2B transactions worth $4.6 trillion, from 20.7 million buying companies worldwide Global payment trends over the last three years revealed: US companies tenth in the world for lengthy payment delays UK and Ireland among top five worst in Europe for payment delays Economists at Cebr say increasing

The National – Priti Patel must urgently sort out passport delays, says SNP MP
May 4, 2022

The UK Home Office must take urgent action over passport delays amid suggestions a million people could miss out on summer holidays because of processing hold-ups, an SNP MP has said. Stewart McDonald has written to Home Secretary Priti Patel slating her department’s slow response to delays at the passport office with many people waiting beyond the

Daily Mail – Grieving wife, 37, shares agony as passport backlog chaos means young daughters face missing dream Disneyland trip paid for by fundraisers after their father’s tragic death
May 3, 2022

A grieving wife fears a dream Disneyland trip paid for by fundraisers to help her two young daughters cope with their father’s death may be off because of the passport backlog shambles. Nadine Burton, 37, is dreading having to tell Elsie, two, and Emilia, eight, they will not be going on the three-day trip to

The Guardian – Windfall taxes and an ‘anti-Putin shield’: how Europe is tackling energy crisis
May 3, 2022

The debate over whether Britain should introduce a windfall tax on North Sea oil and gas companies has been reignited by bumper profits at BP. The one-off levy is among a suite of measures that have been proposed to tackle the energy crisis, which has sent household bills soaring. The war in Ukraine has exacerbated existing

Daily Express – Passport warning: One million holidays at risk ‘apply 10 weeks in advance!’
May 3, 2022

There have already been warnings of cancelled holidays due to delays as demand recovered from the pandemic. The Passport Office is advising travellers to apply 10 weeks in advance. The Centre for Economics and Business Research said it estimated a 50 percent probability of a “successful and timely” passport renewal process based on current reports.

The Times – Aberdeen weathers storm but stiff challenges remain
May 3, 2022

Aberdeen’s economy is forecast to grow faster than any Scottish city this year, outstripping Edinburgh and Glasgow. The Centre for Economics and Business Research has predicted a 1.7 per cent rise in employment — the equivalent of 3,100 more people in work. Such positivity encourages Nicoll to confess to being the rarest of creatures in

Manchester Evening News – Mum faces losing £1,000 due to passport delays despite applying 12 weeks ago
May 3, 2022

A mum faces losing £1,000 because her son’s passport is still being processed, despite applying for the renewal 12 weeks ago. Jenny Craig, who lives in London and works in communications, is due to travel to Italy in just under four weeks’ time but fears the holiday may not go ahead. If the family trip

Mirror – Experts warn passport delays could cost £1.1billion in cancelled trips this summer
May 3, 2022

Passport processing delays could cost £1.1billion in cancelled trips this summer, experts warn. There is only a 50% probability of a “successful and timely” passport renewal process for travellers, the Centre for Economics and Business Research found. The think-tank used VisitBritain figures to come to its estimate. There have been warnings of delays in processing

Liverpool Echo – Passport delay fury as family facing £1,000 holiday bill
May 3, 2022

A family hoping to go abroad for their summer holiday have said they are facing losing £1,000 as they wait for a passport renewal. Jenny Craig told the Mirror that she sent off the renewal of her son Isaac’s passport 12 weeks ago. This was so he could travel with the rest of the family to Italy

iNews – Passport Office branded ‘shambles’ by father after trying to renew his daughter’s for nine months
May 3, 2022

A father has accused the Passport Office of being a “shambles” and “not fit for purpose” after trying for nine months to renew his daughter’s passport. Andy Holding started the process to renew her passport last July but nine months later is still waiting to receive one, forcing him to cancel a family trip away

MyLondon – London mum could lose £1,000 over passport delays after applying for new one 12 weeks ago
May 3, 2022

A London mum has said she faces losing almost £1,000 on a family holiday as pressure over huge delays in passport processing mount ahead of the summer. Mum-of-two Jenny Craig said she applied for a passport renewal for her son Isaac 12 weeks ago, two weeks more than the recommended 10 week time period that The Passport Office continue

Daily Mail – Boris Johnson pledges to build a nuclear reactor EVERY year to ‘to wean’ Britain off Russian oil and gas
May 2, 2022

Boris Johnson has announced he wants to build a new nuclear power station every year to reduce Britain’s dependence on fossil fuels – including oil and gas supplied by Russia. The surprise admission came following the Prime Minister’s visit to Hartlepool nuclear power station in Hartlepool. The station, which began producing electricity in 1983, is due

City A.M. – Passport delays could cost £1.1bn in cancelled summer trips
May 2, 2022

Delays in the processing of UK passports could cost £1.1bn in cancelled summer trips, according to a research published today. Data from the Centre for Economics and Business Research (Cebr) has forecast a 50 per cent probability of timely renewals, with around one million holiday goers facing cancellations. “Assuming that passport holders are somewhat more

The Epoch Times – UK Passport Delays Cost Cost £1.1 Billion in Cancelled Holidays
May 2, 2022

Delays in processing new British passports could cost £1.1 billion ($1.38 billion) in cancelled holiday bookings this summer, according to new research by the Centre for Economics and Business Research (CEBR). It said there was a significant “pent-up” demand for travel after two summers which were virtually obliterated by the pandemic, but a backlog of new passport applications could

Daily Mail – Passport backlog chaos could cost Brits £1.1 BILLION: Families face losing £2,400 for cancelled summer holidays if they don’t get passports back in time
May 2, 2022

British holidaymakers struggling to get passports ahead of trips abroad are expected to lose £1.1billion due to holiday cancellations, a study claimed today.  The Passport Office has already warned travellers that they should apply 10 weeks before going on holiday – and families are set to lose around £2,400 each if they cannot travel without

Wales Online – Passport delays ‘could cost £1.1 billion in cancelled summer trips’
May 2, 2022

New research out today has warned that delays in passport processing could cost £1.1 billion in cancelled trips this summer. The Centre for Economics and Business Research (Cebr) said it estimated a 50% probability of a “successful and timely” passport renewal process for travellers based on current reports. More than one million people applied for a

Techwire – Real-time payments in 2021 led to a US$1.8 billion savings for Asia Pacific
May 2, 2022

Real-time payment systems have been driving change for traditional payment methods— credit, debit, prepaid— as consumers have generally come to expect faster settlement periods. While it is revolutionizing commerce around the world, changing the world’s financial landscape, no part of the world is as advanced in real-time payments as Asia Pacific is. According to  Globaldata’s Prime-Time for

Passport chaos: Delayed passport applications are set to cost UK holiday makers over £1.1 billion this summer in cancelled trips
May 2, 2022

Just as the last of the Covid-related travel restrictions have eased both in the UK and in popular holiday destinations, a new problem has emerged for hopeful travellers – passport processing delays. In 2020 and 2021, more than five million people delayed applying for a renewal as they were not planning international travel in the

The Times – Britons booking holidays later to avoid disruption
May 1, 2022

Britons are planning holidays later than ever before as they seek to limit the risk of disruption. Travel agents and airlines are reporting that holidaymakers are now booking holidays only a couple of months before departure as they monitor destinations’ coronavirus policies. Passengers are also reducing the number of short trips they take and opting

iNews – Platinum Jubilee: Why there is a fight to make this year’s extra bank holiday a permanent fixture
April 28, 2022

For most of us in the UK this weekend will be a blissfully long one. It’s time for that national ritual – the bank holiday. And despite the crowds and traffic jams, it’s one that many of us enjoy. The sun shines, sometimes, and Britons generally seem to feel that bit happier – which is

IWA – An Ambition Worth Having: Physics, Innovation and the Welsh Economy
April 28, 2022

Three people born in Wales have won a Nobel prize. Two of them — Bertrand Russell (Literature in 1950) and Sir Clive Granger (Economics in 2003) — were educated entirely in England. Only one had their compulsory education in Wales. It was a physicist: Brian Josephson. Born in Cardiff in 1940, Josephson completed his school

Finextra – UK firms could save £1.3bn using instant payments
April 28, 2022

In a new report, Prime Time for Real Time, published by ACI Worldwide (NASDAQ: ACIW), the Centre for Economic and Business Research (Cebr) predicts that by 2026, £1.3bn could be made in cost savings for British businesses and consumers through real-time payments – helping to generate an additional £2.6bn in economic output, equivalent to 0.11%

Inc 42 – India Tops The World In Real-Time Payment Volumes In 2021
April 27, 2022

India led the world in real-time payment transactions in 2021, with 48.6 Bn such transactions, representing more than 40% of the global transactions, emerging from the country, according to a report. The number of real-time transactions in India was almost 2.6X higher than that of China (18 Bn transactions) and almost seven times higher than

Daily Express – US vs UK GDP: How does Britain’s economy compare with the US?
April 27, 2022

Earlier this month, the UK revealed its latest Gross Domestic Product (GDP) figures, which demonstrated slower growth than most predictions. A similar trend is expected in the US, though officials there are still anticipating healthy growth in 2022 regardless of the knock-on effects created by Russia’s invasion of Ukraine. According to estimates from the Bureau of Economic Analysis, US GDP for

National Health Executive – How new expectations are raising the bar on digital healthcare
April 27, 2022

Over the past two years, the UK has well and truly challenged the status quo for healthcare. Now, we need to make sure the digital change we’ve all experienced isn’t just a flash in the pan. Sajid Javid recently set out a series of ambitious digital priorities for the NHS, in a conference speech given

The Economic Impact of Real-Time Payments
April 27, 2022

Download the full report here Cebr was commissioned by ACI Worldwide to conduct research into the economic impact of real-time payments, across a sample of thirty major global economies. Real-time payments have the potential to revolutionise the way that funds are circulated across the economy by delivering payments near instantaneously, subsequently promoting economic growth, efficiency,

News Ghana – Africa Seeks to Unlock Huge Untapped Real-Time Payments Potential
April 26, 2022

Africa’s nations are looking to real-time payments to help drive economic growth and financial inclusion, according to the 3rd edition of Prime Time for Real Time 2022, published by ACI Worldwide, (NASDAQ: ACIW), in partnership with GlobalData, a leading data and analytics company, and the Centre for Economics and Business Research. The report – tracking real-time payments volumes and growth

ABP Live – Real-Time Payments Likely To Boost India’s GDP By $45.9 Billion In 2026
April 26, 2022

Real-time payments are forecast to boost India’s GDP by $45.9 billion in 2026 as real-time payments transaction volumes are set to exceed 206 billion by that time, a new report showed on Tuesday. In 2021, India accounted for the largest number of real-time transactions at 48.6 billion, almost threefold that of China (18 billion transactions)

Money Management – Principal Financial Group inaugural study in September to examine key drivers shaping financial inclusion
April 26, 2022

The philanthropic entity, in partnership with the Centre for Economics and Business Research (CEBR), would utilise the study to uncover key drivers shaping financial inclusion and exclusion across governments, employers, and the financial services industry in over 40 markets. The report would assess how these systems promote financial inclusion, as well as examine global consumer

Macau Business – UK borrowing halves on withdrawal of Covid support
April 26, 2022

UK annual borrowing tumbled by more than half after costly emergency Covid measures were withdrawn, official data showed Tuesday. Public sector net borrowing sank to £151.8 billion ($193.4 billion, 180.5 billion euros) in the year to the end of March, the Office for National Statistics said in a statement. That was still the third largest

Digital Transactions – As Other Markets Advance, the U.S. Has Much Catching up To Do in Real Time Payments
April 26, 2022

With the expected introduction by the Federal Reserve next year of a commercial real-time payments platform for the United States, total instant payments in the U.S. market will rise nearly five-fold, to 8.9 billion, by 2026. That’s up from 1.8 billion last year. The dollar volume on these transactions will account for nearly 3% of

Live Mint – 40% of global real-time payments originated in India in 2021
April 26, 2022

India accounted for the highest volume of real-time payments among businesses around the world, with over 40% of all such payments made through 2021 originating in the country. According to a report by payment solutions provider ACI Worldwide, data analytics firm GlobalData, and the Centre for Economics and Business Research (CEBR), India made 48.6 billion

Business Insider – Real-time payments are forecast to boost Indian GDP by US $45.9 billion in 2026
April 26, 2022

Real-time payments are forecast to boost India’s GDP by $45.9 billion in 2026 as real-time payments transaction volumes are set to exceed 206 billion by that time, a new report showed on Tuesday. In 2021, India accounted for the largest number of real-time transactions at 48.6 billion, almost threefold that of China (18 billion transactions) and

The Hindu – Netizens in India made 48.6 billon real-time transactions in 2021
April 26, 2022

The year 2021 saw India’s real-time transactions moving up to a staggering 48.6 billion, almost threefold that of the closest challenger China with 18 billion transactions, and close to seven times greater than the combined real-time payments volume (7.5 billion) of the world’s leading economies: U.S., Canada, U.K., France and Germany, as per an ACI

The Times of India – At 48 billion, India account for largest number of real-time transactions in the world
April 25, 2022

At 48 billion, India accounted for the largest number of worldwide real-time transactions in 2021 , almost three times that of nearest challenger China (18 billion), and 6.5 times greater than the US, Canada, UK, France and Germany combined, according to a report by ACI Worldwide. For India, the growing acceptance of UPI-based mobile payment apps and

The Times – House prices in England leap by nearly £20,000 in two months
April 25, 2022

The average house price has hit a record high for the third month in a row, pushing above £360,000, according to Rightmove. House prices have increased by a record £19,100 since February, driving the average cost of a home to £360,100, according to the website’s monthly index of property prices. Tim Bannister, Rightmove’s director of property

UK house prices have not risen as fast as people think and may be about to peak
April 25, 2022

It might seem that house price inflation is endemic to the UK. But a look at the recent data casts some doubt on the proposition. Even for the UK as a whole, where moves out of London during lockdown and accommodative monetary policy have boosted house prices in the country, house prices have risen by

Financial Times – Neglected heirs: widows who take over the family finances
April 22, 2022

When Jane’s husband died in a climbing accident in the Alps, she faced not only shock and grief but a daunting pile of paperwork. “It’s hard . . . having been married 43 years then all of a sudden your partner is not there any more and the world is on your shoulders,” says Jane, 72, who lives in

Onrec – LinkedIn and Inside Out initiative to tackle young ex-offender unemployment
April 21, 2022

A unique prison rehabilitation programme has established the UK’s first clothing brand created by young ex-offenders, as new data highlights the challenges that people with criminal convictions face in finding work. Project has helped young prison leavers to create clothing range launching at a pop-up store at Westfield Stratford, London Initiative has provided training and

This is Money – More than half of Britons don’t know what runaway inflation means for their savings
April 19, 2022

More than half of savers don’t know what impact inflation will have on the real value of their cash savings over time, according to research by Legal & General. Despite inflation continuing to climb to levels not seen since the early 90s – 7 per cent as of March – the research suggests a large

Business Leader – What would happen if the Easter bank holiday never existed?
April 19, 2022

Easter has long been proclaimed as one of the most important celebrations in the Christian calendar for it being synonymous with the death and resurrection of Jesus Christ, the spiritual leader of Christianity, in which he redeemed everyone from their sins. However, in more modern times this religious celebration intertwined with the Pagan origin of

London seems to have been less dynamic through the pandemic than New York. Is this because of Brexit or Low Traffic Neighbourhoods?
April 18, 2022

Poor Sadiq Khan. His Mayoralty has coincided with both the pandemic and Brexit, both of which have hit London by more than the rest of the country. And yet there is a sense that he may have used these problems to disguise some of his own making, notably the negative economic impact of Low Traffic

The Times – Why UK house prices are predicted to fall next year
April 17, 2022

After more than a year of stellar house-price rises, a forecaster has called the top of the market and predicted a fall — albeit next year. “The prospects for the housing market over the medium term now appear gloomier,” says Karl Thompson, an economist at the Centre for Economics and Business Research (Cebr). He believes

Property Notify – Rising Mortgage Rates Will Eventually Cool the House-Price Boom
April 12, 2022

One of the dilemmas for the Bank of England, as it responds to a surge in inflation which has made a mockery of the official 2% target it is meant to achieve, is that interest rates do not act as quickly as they used to do. Many people will remember the days when each change

Daily Express – You can’t blame Putin for this one! Rishi Sunak in trouble as GDP plummeted BEFORE war
April 11, 2022

According to new data from the Office for National Statistics (ONS), the economy expanded by just 0.1 percent in February. This was down from 0.8 percent in January, and well below the 0.3 percent forecast by economists. Now, as prices soar, inflation skyrockets and wages stagnate, Chancellor of the Exchequer Rishi Sunak is being urged to focus on domestic issues, rather

Kent Live – State pension rises by £290 but the increase is just half of inflation
April 11, 2022

The State Pension is set to rise by 3.1 percent today (April 11). The change comes after the Prime Minister suspended the triple lock last year to prevent an 8 percent increase, a move that could net the Treasury around £4.5billion. Retirees were promised their incomes would still rise by the highest out of inflation

Daily Express – UK vs Russia GDP: Growth confirmed for Britain as Putin’s economy forecast to plummet
April 11, 2022

A decline in car manufacturing and a number of storms helped to further contract the UK’s economy despite a recovery in tourism trade as Covid restrictions were eased. Consequently, gross domestic product (GDP) is now 1.5 percent above what it was pre-pandemic. The Office for National Statistics (ONS) said GDP increased by just 0.1 percent, falling short of the

Sky News – UK economic growth slows to just 0.1% in February
April 11, 2022

The UK economy grew by just 0.1% in February, despite a strong resurgence of both inbound and outbound tourism activity – including travel agencies, hotels, and tour operators. But growth has slowed sharply since January, when gross domestic product (GDP) jumped by 0.8% as people returned to normal life following a surge in Omicron rates in December

Daily Express – Fury as state pension rises today – ‘I’m getting just 74p a week more’
April 11, 2022

State pensioners will get an increase of just a 3.1 percent from today, April 11, which is a cut in real terms with inflation set to fly past 8 percent. For some unfortunate retirees, the situation is even worse. Chancellor Rishi Sunak’s decision to suspend the triple lock uplift for the 2022/2020 tax year is

Mirror – State pension to rise by £290 today amid soaring inflation
April 11, 2022

The state pension will rise by 3.1% today, but the increase is just half of inflation, the measure of the soaring cost of living. The state pension and government benefits will both rise from today, but inflation, which is 6.2% could hit a 40-year high of 8.7% in the fourth quarter of 2022, according to

The Times – Inflation will cost average household £2,300 this year
April 11, 2022

British households will be on average £2,320 worse off this year as wages fail to keep pace with rising energy and fuel costs, representing the biggest fall in living standards since records began. That is the conclusion of the Centre for Economics and Business Research (CEBR), which said that the increase in the energy price cap by

The energy crisis will make us all poorer in the coming months – and it could spell the end of the current labour market success story
April 11, 2022

This month saw the much-feared uprating in the Ofgem price cap, meaning the average UK household will now pay 54% more for their energy bills compared to the six month period between October 2021 and March 2022 and a whopping 73% more than compared to a year ago. Meanwhile, petrol prices are up by 30%

Business Live – Rising costs and drop in orders lead North East economy to struggle
April 11, 2022

Rising costs and a drop in orders have seen the North East cement its place as the weakest economy in the UK, according to a new business survey. The latest data from the NatWest North East Business Activity Index highlights a loss of momentum in the region’s economy, falling from a score of 51.9 in

The Scotsman – How hybrid working can reverse the Scottish ‘brain drain’
April 10, 2022

Glasgow has one of the highest student retention rates in the UK, according to the Centre for Cities, with almost half of people who study in the city staying for work after graduation. Unfortunately, other areas of Scotland aren’t so lucky, and are accustomed to losing skilled workers. This is particularly the case in more rural

The Telegraph – Home buyers scramble for extra cash as banks cut mortgage offers
April 10, 2022

Homebuyers have had to scramble to find extra cash as lenders “downvalue” mortgage offers amid signs the house price boom is turning. The share of sales held up because lenders refuse to meet prices agreed between buyers and sellers has tripled in some areas, as the cost of living crisis sparks fears property values will fall. Banks and

Nation Cymry – House prices in Wales set to fall over the next year say economists as cost of living crisis bites
April 10, 2022

House prices in Wales are set to fall over the next year as the cost of living crisis begins to bite, economists have said. The Centre for Economics & Business Research said that house prices in Wales would fall up to 4%, after seeing the highest growth in house prices during the pandemic due to

YouGov – Household finance measures in freefall as consumer confidence declines for the second month in a row
April 8, 2022

Consumer confidence deteriorates by 2.7 points   Short-term (-8.8) and forward-looking (-10.6) household finance measures crater again  Retrospective business activity measures see a three-point decline (-3.1)   House value measures stagnate after four months of growth  The cost of living crisis has dealt another record-breaking blow to the public’s confidence in their household finances, according to the latest

The Independent – Households more worried about finances than at any point for a decade
April 8, 2022

UK households are more worried about their personal finances than they have been in more than a decade, a new study shows. Energy bills went through the roof last week, while the cost of food and fuel is also steadily increasing. Now a monthly survey from YouGov and the Centre for Economics and Business Research (Cebr) showed a heavy

Reuters – Gloom descends on UK households’ financial outlook – YouGov/Cebr
April 8, 2022

British households’ confidence in their finances sank to new lows in March, according to a survey on Friday that showed recent measures announced by finance minister Rishi Sunak had failed to bolster morale. The consumer confidence index from pollsters YouGov and consultancy Cebr fell in March to 103.9, its lowest level since January 2021 and

Investors’ Chronicle – What rising prices mean for us all
April 7, 2022

According to energy expert Mike McWilliams at the Centre for Economics and Business Research, the price of fuel at petrol stations will fall later this year but the cost of heating our homes will stay high for years rather than months. Rising energy costs are one of the main factors pushing inflation towards the 8

Euronews – Russian sanctions ‘will only be real once oil and gas imports are hit’
April 6, 2022

The EU wants to ban coal imports from Russia, but economist Vicky Pryce says sanctions will only bite once Russian gas and oil are targeted. Watch the full interview

CambridgeshireLive – Petrol prices near me: Cheapest petrol prices in St Ives, Earith, Somersham
April 6, 2022

The cost of living in the UK currently has been putting a huge strain on many households. However, there may be some light at the end of that long, gas-guzzling tunnel as petrol prices could be set to fall by as much as 8p per litre in the coming months. This is according to an

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