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The Yorkshire Post – SME confidence at lowest level since EU referendum, Yorkshire Bank survey shows

December 11, 2017

There were a few positive signs in that economic growth (as measured by GDP) improved from the second quarter. Also improvements in lending performance should provide a boost later next year.   Compiled by leading economics consultancy Centre for Economics and Business Research Limited (Cebr), the report brings together a range of indicators on the health of the UK’s SMEs and is an important tool in helping understand how SMEs can be…

The Guardian – Older entrepreneurs employ more staff than start-ups run by younger people

December 7, 2017

Centre for Economics and Business Research says older generations are driving national productivity.   The older generations are the new entrepreneurs, creating employment and driving national productivity, according to research by the Centre for Economics and Business Research (CEBR).   Entrepreneurs aged over 50 employed more people than start-ups run by younger individuals for the first time in 2016, the research found.   The trend is likely to continue: the number of over-50s…

City A.M. – This is the best borough for entrepreneurs

December 7, 2017

Islington has topped a list of the best places in the UK for entrepreneurs.   The borough has become a hub for digital and creative industries, according to research by the Centre for Economics and Business Research and wealth manager Kleinwort Hambros.   Its success was due to its educated workforce and digital infrastructure, the research said. The borough includes parts of Shoreditch, and the Old Street roundabout, which has…

The Express – Britain’s self employed workforce will be DOMINATED by over-50s by 2024

December 7, 2017

Research found that the economy will be increasingly dependent on the middle aged as the 24million over-50s in the UK become an increasingly important demographic of entrepreneurs.   According to some reports the UK economy currently faces a productivity crisis meaning this reliance on the older generations could cause concerns among policymakers looking to incentivise younger business leaders to grow their ventures.   This combines with the fact that an…

The Independent – Most older workers will end their careers self-employed, report reveals

December 7, 2017

Most self-employed workers will be over the age of 50 within seven years, a new report has predicted.   The move shows how older people are increasingly becoming entrepreneurs or business owners, according to Hitachi Capital and the Centre for Economics and Business Research.   Their study found that an increasing number of 50 to 64-year-olds were not retiring, preferring to stay in work.   Kay Daniel Neufeld, Senior Economist at the…

BBC Radio 4 – Senior Economist Kay Neufeld discussing Cebr’s ASDA Income Tracker

November 30, 2017

Senior Economist Kay Neufeld interviewed on BBC Radio 4 show You and Yours, listen from minute 28 here.  

Cebr Deputy Chairman Douglas McWilliams with a Spectator blog titled – Changing lifestyles, not zombie companies, are the reason for low productivity

November 27, 2017

The zombie company concept was developed in Japan, to suggest that persistent low interest rates allowed heavily indebted companies (who might, at more normal rates of interest, have been liquidated) to stay in business, thus preventing the Schumpeterian creative destruction that allows the business sector to innovate and improve. It has since been applied to the UK as a possible explanation of low productivity, most recently by Liam Halligan in…

Nasdaq – UK mortgage approvals hit 13-month low, consumer morale ebbs

November 27, 2017

All eight of the index's underlying measures weakened and a score for household finances over the past 30 days sank to its worst point since January 2014.   Christian Jaccarini, an economist at Cebr, linked the fall to factors including the first interest rate rise by the BoE in over a decade and a slowdown in the housing market.   "With these economic headwinds set to persist..., households are understandably…

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