The Chancellor spoke yesterday after figures revealed inflation had surged to 5.4 per cent last month – its highest rate since March 1992 – as the nation’s cost-of-living crunch intensified. With gas and electricity costs set to rise further and Bank of England boss Andrew Bailey suggesting energy prices might not come down until 2023,

Soaring energy prices and rising inflation are causing policy headaches around the world. In the U.K., though, the government is raising taxes at the same time, kicking off an economic experiment in one of the countries worst-hit by the pandemic. Britain’s acute cost-of-living crunch will hit in April, instantly stretching household and company budgets and penalizing the poorest households, many

On December 21, Scotland’s First Minister Nicola Sturgeon announced a range of rules were being introduced that would thwart New Year’s celebrations in a desperate attempt to curb the rapid spread of the Omicron variant. It saw a limit of 100 people at indoor standing events, up to 200 people at indoor seated events and up to

Consumer confidence worsened in December 2021, according to the latest analysis from YouGov and the Centre for Economics and Business Research (Cebr). The index declined by -0.5 points, falling from 110.5 to 110. This is a small drop, and the overall Index was still in positive territory. However, it suggests that the Omicron variant of

British consumer confidence edged lower in December, taking only a modest hit from the rapid spread of the Omicron variant of coronavirus, a monthly survey showed on Monday. The YouGov/Cebr consumer confidence index fell by 0.5 points to 110.0 in December, and is well above its level of a year earlier when the economy had

Josie Dent, Centre for Economics and Business Research Managing Economist discusses Europe’s energy prices. She speaks with Tom Mackenzie and Francine Lacqua on “Bloomberg Markets: European Open.” Watch the full interview

Aico are pleased to announce the official launch of the Housing Safety & Wellbeing Taskforce, which due to COVID-19 precautions, took place online on the 13th January 2022. We were delighted to be joined by Sir Peter Bottomley MP, who introduced the initiative and paid tribute to the late Sir David Amess MP, who had lent

Households are facing at least a £3,000 spending squeeze in 2022 as soaring energy bills send inflation through the roof.  Economists expect inflation to hit a 30-year high in what has been dubbed ‘Awful April’, forcing the Centre for Economics and Business Research (CEBR) to re-evaluate its already gloomy forecast less than a month after

Inflation is expected to be sent through the roof, with households facing at least a £3,000 spending squeeze this year. This inflation is predicted to triple the number of households experiencing “fuel stress” – meaning they are spending more than 10 percent of their household budget on energy. This has placed pressure on Chancellor Rishi Sunak to act

As the old joke goes, if I was going there I wouldn’t be starting from here. But the starting point for dealing with high energy prices is that we ARE here. The crux of the problem is that the government has underinvested in domestic energy security. It has made fossil fuel investment difficult without creating

Unions and business leaders who have been hit by crippling staff shortages have welcomed the Government’s decision to today cut the number of self-isolation days down to five. Sajid Javid declared that the self-isolation period is being cut to five full days in a bid to ease the pressure of staff absences from Omicron. The Health Secretary confirmed

Prices have risen by more than 5pc in the past year and there is growing unease at the Bank of England that inflation is here to stay even as the pandemic comes to an end.  The Consumer Prices Index is at the highest level since September 2011 on the back of rising petrol and household energy costs.

The CEBR indicated that there are “promising” signs of supply chain pressures easing, citing rate reductions in both the Baltic Dry Index and the HARPEX container shipping index. On the other hand, the CEBR also warned that disruption from the Omicron Covid-19 variant expected in the next couple of months “will be challenging”. What is

Employers should prepare now for high rates of staff sickness that could kick in as soon as Omicron breaches the border and last until spring or beyond, Otago University professor Michael Baker warns. “If and when Omicron gets here, it is going to really add to the burden of absenteeism this year,” Baker said. “Also,

Manufacturers have warned that Brexit will add to soaring costs facing British industry, amid concerns that customs delays and red tape will rank among the biggest challenges for firms this year. Make UK, the industry body representing 20,000 manufacturing firms of all sizes from across the country, said that while optimism among its members had grown, it

In the UK, people who test positive for coronavirus are required to self-isolate for seven days from the day symptoms begin. The self-isolation period has recently been reduced from ten days down to seven for fully vaccinated people, as long as they test negative on days six and seven. But those who are not fully vaccinated will

In the summer of last year, hopes were riding high that the global economy could quickly return to pre-pandemic levels of output due to the success of the vaccine roll-out and economies gradually opening up again. However, the economic recovery thus far has been marred by stretched supply chains, clogged up ports and sky-high freight costs,

(Bloomberg) — Staff shortages caused by Covid-19 illness and mandatory isolation could result in a 35-billion pound ($48 billion) loss in output over January and February, according to The Sunday Times. The projected loss is equivalent to 8.8% of gross domestic product and based on government planning assumptions of a 25% absenteeism rate, the study

A wave of staff absences triggered by Omicron sweeping across the UK could shave £35bn off the British economy, according to new figures released today. The loss in output caused by workers being forced to self-isolate after contracting Covid-19 may wipe off around 8.8 per cent of January and February’s combined gross domestic product (GDP),

Absenteeism caused by Covid-19 isolation and staff shortages could result in a £35 billion loss in output over January and February — equivalent to 8.8 per cent of gross domestic product (GDP) for those two months. The analysis for The Sunday Times by the Centre for Economics and Business Research (CEBR) is based on government planning assumptions

Staff shortages as a result of Covid-19 self-isolation requirements could cost the economy £35billion in January and February, data analysis has shown. Experts at the Centre for Economics and Business Research (CEBR) have predicted there will be an ‘economic cost’ to the country when the absenteeism rate hits the government’s assumptions of 25 per cent. The predicted

It is sometimes easier to look a few years ahead than it is to look a few months, and this is surely one of those times. We can only guess as to whether the pandemic will be pretty much over by the summer, but we can be confident that in five or 10 years’ time it will

Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. Howard Davies, Natwest Group Chairman, says inflation pressures are growing in the U.K. Nina Skero, Centre for Economics & Business Research CEO, says the Fed’s more hawkish tone complicates the

Will 2022 be the year where the world economy recovers from the pandemic? That’s the big question on everyone’s lips as the festive break comes to an end. One complicating factor is that most of the latest major forecasts were published in the weeks before the Omicron variant swept the world. At that time, the mood was

China’s economy will increasingly rely on state investment, high-tech development and domestic consumption — with less input from its past staple of export manufacturing — as it stands to overtake the United States in the coming decade, analysts predict. China’s GDP should grow 5.7 percent per year through 2025 and then 4.7 percent annually until

The UK will trail other developed countries in its economic recovery from the pandemic in 2022, with economists polled for a Financial Times survey predicting that it will be held back by political uncertainty and the lingering after-effects of Brexit. Of almost 100 economists, a majority said that UK living standards would worsen in the

Economists expect UK living standards to deteriorate in 2022 as inflation and rising taxes hit poorer households, while supply-chain blockages and Brexit-related trade underperformance will limit economic growth. The Financial Times’s annual survey of almost 100 economists revealed that most expect inflation to outpace wages, while Covid-19 will continue to disrupt production and consumption. At

Cutting the Covid self-isolation period from seven days to five would save the economy £300m in lost output in January, economists have estimated, as businesses are crippled by hundreds of thousands of absent workers. Current rules could cost the economy almost £1bn next month as Covid infections soar, according to the Centre for Economics and Business Research (CEBR)

The year ahead will be dominated by efforts to fight inflation along with climate change, while global economic growth will be reasonably strong and stock markets weak, according to an economic forecaster. The world starts the year with economies held back by a supply chain crisis and the rapid spread of the Omicron coronavirus variant,

After such a frenetic year, I was quite surprised to read what we had predicted a year ago and realise that we had correctly forecast quite a lot of what happened. Our world economy GDP forecast was within 0.2% which is as close to spot on as you can reasonably expect. Our warning about inflation was

The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Global gross domestic product will be lifted by the continued recovery from the pandemic, although if inflation persists it may be hard for policy makers

The Centre for Economics and Business Research (CEBR) disclosed the findings in its annual World Economic League Table (WELT 2022) report on Sunday, stating that Bangladesh has been among the world’s fastest growing economies over the last decade. The country is forecast to place 41st in 2022 up from its current position of 42, reaching

The Centre for Economics and Business Research (CEBR) has predicted that India will regain sixth position from France next year and become the third-largest economy in 2031, a year later than previously predicted. CEBR, one of the UK’s leading economics consultancies, in its annual World Economic League Table also predicted that China will overtake the

The world’s economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday. British consultancy Cebr predicted China will become the world’s top economy in dollar terms in 2030,

The UK will stay as one of the top six global economies for the next fifteen years, according to the latest annual report by the Centre for Economic and Business Research (CEBR). In its world economic forecast, the consultancy firm said it expected the UK to achieve a trend rate of growth of 2.4 per

Britain’s economy will vastly outstrip that of France in the next 15 years, according to a landmark report published today. Booming tech investment and the economic reforms of the Thatcher era are giving the UK a clear lead over its neighbour and historic rival, according to independent think-tank the Centre for Economics and Business Research (CEBR). Its

Britain will be well placed as the world economy emerges from the pandemic in the coming years, according to a new forecast published today. In its annual world economic league table, the Centre for Economics and Business Research (CEBR) predicted that global gross domestic product will top $100 trillion (£75 trillion) for the first time

Occasionally you get a week where the news is sufficiently unexpected to revise one’s appreciation of events. The past week has been such. The new news included: a rapid upsurge in Covid cases in the UK, especially from the Omicron variant against a background of increasing travel and other restrictions around the world; a tightening

Last night’s announcement by the Prime Minister that England would move into Plan B over the next week – mandating mask wearing in indoor settings, guidance to work from home (WFH), and vaccine passports for crowded and large venues – doesn’t come without economic costs. Most significantly among the new restrictions, a shift to homeworking

Fed Governor Jerome Powell showed himself to be an impressive operator in his testimony to Congress last week. In his previous testimony on 28 September, he insisted that inflation would fall back to 2%. His 30 November testimony said that it was time to ‘retire the word transitory’ from discussions of inflationary prospects. Markets immediately

Consumers will really start to feel the pinch in January — but inflation will still mean the festive season will cost households £109 more than last year. The Organisation for Economic Co-operation and Development (OECD) had given Britain a boost when it said the UK will outstrip all other G7 economies — with growth of

A typical family’s household costs are set to go up by £1,700 next year, according to analysis. The study said that higher fuel and energy prices were mainly responsible for the projected £33.60 per week increase in the cost of living. They would be compounded by a surge in supermarket bills that has not yet

A typical UK family will spend £1,700 more per year on household costs in 2022, according to a forecast for BBC Panorama. The analysis, conducted by the Centre for Economics and Business Research (CEBR), projected the inflation rate would rise to 4.6% by Christmas. This rise is mainly due to higher fuel and energy prices.

4.4 million people quit their job in the US this September providing yet further evidence of the ongoing Great Resignation phenomenon. The quits rate – the number of voluntary separations as a share of total employment – rose to 3.0% in the same month, the highest since the start of the data series in December

The labour market data out in the past week highlighted two facets of official policy: The early post-furlough employment data showed that employment had bounced back with 160,000 more workers added to company payrolls during October. The unemployment rate for the three months to September (when furlough still existed but when its impact on the labour

Measuring the value of physics-based industries in the UK Measuring the value of physics-based industries in England Measuring the value of physics-based industries in Scotland Measuring the value of physics-based industries in Wales Measuring the value of physics-based industries in Ireland Measuring the value of physics-based industries in Northern Ireland Cebr is delighted to present

Research conducted by the Centre for Economics and Business Research (CEBR), in conjunction with SnapLogic, has found that automation is having a profound impact on the monthly revenues of UK businesses. Within three months of investment in automation technologies, UK companies saw an average increase of five percent – or £14 billion – per month. The impact on

Four hundred private jets, an 85 car motorcade with President Biden, two of the one hundred Zimbabwean delegates pictured coming out of Costco laden with trolleys full of expensive liquor. It’s easy to be sceptical about COP26. From our few days spent in Glasgow, the great jamboree has certainly lived up to expectations with overpriced

It is attracting about 140 world leaders to Glasgow, along with more than 25,000 delegates, and seeking to raise more than £73 billion a year to support developing countries. But, as the world slowly emerges from the pandemic, the United Nations Cop26 climate conference is likely to be a bit of a damp squib in

One of the surprises of the Budget was the rise in the Office for Budget Responsibility’s inflation forecast for 2022 to 4% (average across the year) despite frozen fuel duties and a squeeze on some alcohol duties. The figure is in line with Cebr forecasts but until recently officials in both Whitehall and Threadneedle Street

Rishi Sunak is an ambitious man who hopes to be the next Prime Minister. His Budget today is an attempt to steer a course between the prejudices of his boss, Prime Minister Boris Johnson, and those of his Department, the Treasury. The essence of Borisism is that the fundamental law of economic gravity, that you

Though his popularity has tumbled in the last year as he has faced the hard choices demanded by the economy, more people still think Rishi Sunak is doing a good job than think he is doing a bad job, according to YouGov’s monthly survey. But he is now facing multiple challenges as he prepares his

An article by Douglas McWilliams for Reaction There is one subject on which both the hawks and doves who disagree over interest rates do agree on: that the Bank of England is making a horlicks of its communications with the outside world, and more pertinently, the financial markets. Over the last week we have heard

The August GDP data, released last week, showed that GDP was still 0.8% below its past peak in February 2020. Meanwhile data on employment released almost simultaneously showed that the number of payrolled employees in September 2021 was 0.4% more than in February 2020. With so many activities being revolutionised digitally one might have expected

View this article here. UK households cut their carbon emissions by an estimated 33 million tonnes in 2020 as people spent less during the pandemic, according to a report. Reduced spending on eating out, transport and clothing were some of the biggest drivers behind a 10% fall in the amount of CO2 produced by households’ consumption of

View this article here. UK – Confidence among UK consumers fell by 2.3 points in September, with considerable declines in confidence around household finances, according to analysis from YouGov and the Centre for Economics and Business Research (Cebr). The drop to an overall confidence level of 110.5 means confidence has returned to the same level

View this article here. Open Banking provider Yolt Technology Services (YTS) has launched its inaugural European Open Banking Outlook (EOBO) revealing huge growth potential for Open Banking. The paper shows that 40% of banking customers across Europe’s biggest markets are not currently using any Open Banking solution. YTS also sets out how this potential can be unlocked. The EOBO,

View this article here. LONDON (Bywire News) – On Monday, a survey by YouGov showed that consumer confidence hit a five-month low in September, due to an increase in inflation and goods shortages households became less confident about their financial situation. According to YouGov and consultancy company CEBR, the gauge of consumer confidence dropped by

View this article here. The last six months of consumer confidence index gains have been lost amid the fuel crisis and labour shortages, according to the latest analysis from YouGov and the Centre for Economics and Business Research. The pair’s consumer confidence index fell in September by 2.3 points to 110.5, a level last seen in April

View this article here. Gloucester has unveiled plans for a digital-come-lifestyle development which aims to transform the city centre. Gloucester Forum, targeting a 2023 opening, will feature two smart offices spanning over 100,000sq ft, a 131-bedroom four-star hotel, 43 apartments, retail facilities, member’s club, gym, creative hub, public spaces, transport hub (new bus station, revamped train

View this article here. Parents saving for their children in cash Junior Isas have missed out on up to £13.5billion in potential returns over the past decade, new research suggests.  Those who favoured the ‘stocks and shares’ version of the popular tax-free savings account over the cash option would have earned up to £32,300 each

The fuel crisis has been plaguing the country for the better part of the past two weeks, leading to hour-long queues at forecourts and frustration among motorists. Triggered by the closure of only a handful of gas stations on 23rd September, the crisis has quickly escalated, as drivers rushed to fill up their tanks. Whilst pressures

View this article here. The maker of Quality Street has said it is ‘working hard’ to make sure the Christmasfavourite is on shelves before December 25 after also being hit by the ongoing supply chaincrisis which is threatening to detail the winter holiday for millions this year.  Nestle, which also makers Lion bars, Aero and KitKat, admitted

View this article here. Foods from pasta to eggs and chipolatas to chopped tomatoes have risen in price at supermarkets since the pandemic began, as hard-up British families face spiralling costs of living amid the threat of rising inflation. Analysis by MailOnline of prices today compared to those in March 2020 found other goods that

View this article here. Property buyers risk having their mortgage offer cut by £15,000 as banks take a negative view of spiralling household bills.  The cost of energy, fuel, food and clothing has risen in recent weeks and is likely to increase further. The energy crisis in particular has added huge pressure onto household bills.  If

View the full report here. Executive Summary Report overview This is a Cebr report for Animal Free Research UK, assessing the economic contributions made by New Approach Methodologies (NAMs) in the UK. The report considers the direct economic contributions made by the UK NAMs sector during 2017-2019 as well as a forecast of its projected

View this article here. Britain’s winter of discontent looks to be getting worse as the price of wholesale gas surged by 20 per cent in a day to record levels yesterday – and is now 500 per cent higher than the start of 2021 – as it was revealed families face paying £1,700 more for

View this article here. Analysis by Scottish Friendly and the Centre for Economics and Business Research shows that a cash junior ISA holder who maxed out their annual ISA allowance every year since 2011 would have built up a pot worth £52,200 after depositing a total of £44,800. However, if the same person had opted

View this article here. The gender pensions gap has been grabbing headlines recently, with an alarming new study by the Centre for Economics and Business Research unveiling that the pandemic has increased the gender pensions gap to almost £200,000. Indeed, despite women putting a bigger proportion of their income into pensions, this gap is still

View this article here. After decades of quiescence, inflation — that insidious, silent thief — is on the prowl in Britain again, threatening to be the biggest Seventies comeback since the Abba revival. Worse, the spectre of ‘stagflation’, rapidly rising prices combined with low growth, is scaring the markets. And no one is more alive to the

View this article here. Eurozone inflation hit a 13-year high in September, rising at its fastest pace since 2008 as energy costs skyrocketed, with analysts warning that high inflation could continue for several months. Consumer price inflation in the 19 countries sharing the euro accelerated to 3.4 per cent in September compared with the same month

View this article here. The pandemic has increased the gender pensions gap to almost £200,000, studies have shown, but there are steps women can take to improve their financial security later in life.  Data from the Centre for Economics, Business and Research has revealed the pandemic has increased the gender pensions gap, despite women giving a bigger

View the discussion here. Josie Dent, Managing Economist at the Centre for Economics and Business Research, discusses the contrast in central banks’ policies and looks ahead to euro area inflation data. She speaks to Bloomberg’s Dani Burger and Manus Cranny on “Bloomberg Daybreak: Europe.” (Source: Bloomberg)

Yesterday (September 30th) marked the final day of the Government’s Coronavirus Job Retention Scheme. First announced in March 2020 and set to end in May of last year, the furlough scheme had been extended several times in the hopes it would prevent a spike in unemployment that would have otherwise been expected given the sharp

View this article here. More than half a million older workers are at risk of losing their jobs after the furlough scheme comes to an end today. The Government support scheme has been a lifeline for millions of workers during the pandemic and many employers have relied on it up until its closure on September 30. Workers

View this article here. Brits face paying more than £300 more for spiralling energy bills next year with poorer families set to be hit hardest, according to new research. The outlook is gloomy with the Bank of England warning of inflation rising to a decade high of around 4 per cent coupled with rising tax

View this article here. On Friday 24th September the 2021 Anglo Greek Symposium featured Cebr’s Deputy Chairman, Douglas McWilliams, speaking about the virtues of a Flat White Economy. The session was also chaired by Cebr Board Member, Vicky Pryce.

View this article here. Energy bills will rise by more than £300 over the next year, highlighting the scale of the impact the crisis will have on Brits’ finances, shows research by the Centre for Economics and Business Research (CEBR). The poorest households will experience a £258 uptick in their energy bills, representing 16 per

Research from the CEBR shows the nation’s poorest families will take the biggest hit as the energy crisis bites View this article here. Britain’s mounting cost of living crisis is set to cost households more than £300 each in soaring energy bills next year as the nation’s poorest families take the biggest hit, new forecasts show. The

On Sunday, Germans will vote for a new Bundestag which will subsequently elect a new Chancellor. After 16 years, it is undoubtedly the end of an era, certainly for me as a German. The last time Germany had a Chancellor that was not Angela Merkel, I was still not allowed to drive a car or

View this article here. A new report exposes a significant risk that the UK’s small and micro businesses will miss out on an estimated £827 billion growth opportunity over the next five years if they are not supported to digitise. Technology has already played a critical role in supporting small businesses through the pandemic, with

View this article here. The rise of flexible ways of working could help almost four million people previously “locked out” from work to enter or return to the jobs market. Hybrid working could add more than £48 billion to the British economy each year by allowing parents, carers and disabled people into the workforce and

Read the full report here. Executive Summary: Organisations supported by the Community Justice Fund help 483,000 clients a year The average net benefit to Treasury for each client helped is £8,000, while the average cost of advice provision is just £510 per person. This equates to a net benefit to the public purse of £4billion

View this article here. Household confidence dipped last month as fears about job security mounted and as the housing market lost momentum, according to a report. The Centre for Economics and Business Research and YouGov found that consumer confidence in Britain had fallen by 0.3 points to 112.9 in August, although that was still above the 100

View this article here. Openreach and First Minister for Wales, Mark Drakeford, today unveiled a brand new ‘National Learning Centre for Wales’ that will teach the country’s next generation of telecoms engineers how to build and maintain vital broadband services for communities across the country. Based in Newport, the new £1.7 million centre will give

View this article here. The number of people with jobs rebounded to pre-pandemic levels after the biggest jump in employment since 2014, new figures show. The Office for National Statistics (ONS) said workers on payrolls rose by 241,000 between July and August. It also said the rate of unemployment dropped again, to 4.6 percent. The

View this article here. The number of people with jobs rebounded to pre-pandemic levels after the biggest jump in employment since 2014, new figures show. The Office for National Statistics (ONS) said workers on payrolls rose by 241,000 between July and August. It also said the rate of unemployment dropped again, to 4.6 percent. The

View this article here. Despite the continuing weaknesses of our still fragile democracy, the Philippines is no longer known in international circles as the “sick man of Asia.” Since the beginning of the Third Millennium, as we saw in previous articles in this series, the Philippines has been constantly in the list of the most

View this article here. In the CEBR report, Bangladesh ranks 40th among 193 nations this year and would ascend to 25th in 2034, a place presently held by Belgium According to the World Economic League Table 2020, Bangladesh’s economy would grow at one of the fastest rates between 2020 and 2034, thanks to a demographic

View this article here. Decisive policy action is needed by government to fix the gender pensions crisis, senior industry professionals have stated. Sean Christian, managing director and executive director of the wealth management division at Canada Life, called the gender pension gap between men and women a serious “inequality” which “can only be addressed through

View this article here. Vacancy numbers in the U.K. soared by 249,000 to more than one million for the first time since records began, amid staff shortages worsened by the pandemic and post-Brexit immigration curbs. The Office for National Statistics (ONS) said Tuesday the rate of unemployment dropped to 4.6 percent, with the number of U.K. workers

Douglas McWilliams View this article here. The debate about the funding of social care has reopened the arguments about the inequality of wealth distribution in the UK between the old and the young. The generally accepted narrative, aggressively promoted in Lord Willetts’ book, The Pinch – How the baby boomers took their children’s future – and why

This week saw the announcement of the Government’s plans for long-awaited reform to the social care system, an issue that has plagued Prime Ministers for decades. The reforms, which come into force from October 2023, involve a cap of £86,000 on the care costs paid by individuals across their lifetime, and tapered care cost support for

View this article here. Alarming figures showed Britain’s post-Covid recovery grinding to a virtual halt in July just days after Boris Johnson unveiled plans for a £36bn tax raid. The anaemic growth of just 0.1pc leaves the economy 2.1pc below its pre-pandemic peak during a month when the surging delta variant triggered a ‘pingdemic’ of absent

View this article here. The UK’s economic growth ground to a virtual halt in July amid the pingdemic, as economists and Tory MPs warned that Boris Johnson’s £36bn tax raid threatens to further stifle the recovery.  Growth of just 0.1 per cent leaves the economy 2.1 per cent below its pre-pandemic peak during a month when the

View this article here. A leading London-based think tank has warned the Taliban will be forced to seek cooperation with China to resuscitate the country’s war-torn economy following US withdrawal and the freezing of Western aid. A report by the Centre for Economics and Business Research said China was best placed to fill the vacuum

View this article here. Coastal and rural areas in Scotland have seen a significant decline in trading companies over the first 12 months of the pandemic, when compared to the previous 12 months. The average monthly number of new businesses starting up has declined across the UK during the coronavirus crisis, but the decline in

View this article here. The new report from L&G and the Centre for Economics and Business Research (Cebr) found that 47 percent of all over 50s are predicted to be part of the UK’s workforce. In 2020, the number of people over the age 50 in work rose to 42 percent, a sharp rise from

View this article here. British factory output in August grew at the weakest rate for six months as supply chain challenges affect manufacturers’ recovery from the Covid-19 crisis, according to IHS Markit. The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index fell to 60.3 last month from 60.4 in July. While the figure was still above the 50

View this article here. Annual inflation across some of the world’s biggest economies increased to 4.2 per cent in July, driven by soaring energy and good prices, according to the Organisation of Economic Cooperation and Development. The rise in prices in July, up 0.2 per cent on June, came as energy prices across the 37-member