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In the press

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

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