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In the press

The Times – Economy faces losses of £250m a day during second wave
September 21, 2020

The economy faces a hit of £250 million a day from a second wave of Covid-19 infections if partial lockdowns reverse the increase in people going to pubs and restaurants and returning to work, according to a new report.   The Centre for Economics and Business Research (CEBR), a think-tank, warned that GDP could fall by between

The Times – House prices forecast to drop by 14% next year
September 14, 2020

View the full article here.   House prices will fall by almost 14 per cent next year once the government’s temporary cut in stamp duty ends and the economic impact of coronavirus filters through to the property market, according to an analysis by an economic consultancy.   Figures from the Nationwide Building Society this month

The Guardian – No return of workers to offices ‘could cost UK economy £480bn’
September 8, 2020

The UK economy could lose almost half a trillion pounds of output if workers fail to return to their offices, a study estimates.   Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, has warned the economy will not return to its pre-pandemic size until 2025 if home working continues in

The Times – Sunak’s Eat Out to Help Out scheme boosts ailing hospitality sector
August 17, 2020

The number of people dining out during the week has surged this month since the introduction of Eat Out to Help Out, bringing in hundreds of millions of pounds for Britain’s suffering hospitality sector.   The scheme has given the country “a much-needed boost towards normality”, according to the Centre for Economics and Business Research.   The

Evening Standard – The City is dead, long live the City: the future of the Square Mile
August 8, 2020

The Centre for Economics and Business Research is one group that feels all of London will suffer if it loses the aura of being an exciting place to work.   Pablo Shah, a senior economist at the CEBR, said: “We had a management meeting in the office and were able to see what London looks like as

City A.M. – Working from home costs London hospitality sector £2.3bn, economists say
August 3, 2020

The coronavirus pandemic has caused £2.3bn of spending to be lost or displaced in shops, pubs and cafes near London employment hubs, according to new analysis by a think tank.   The Centre for Economics and Business Research (Cebr) also estimated that the capital will lose out on roughly £178m a month of spending compared

Daily Mail – One in three office workers want to continue working from home after coronavirus threat is over, survey reveals
July 20, 2020

The study showed a demand for more flexible working, up from a tenth in 2019 The survey found 32% of people expecting to at least partially work from home It comes as Boris Johnson on Friday urged Brits back to deserted High Streets   One in three office workers want to continue working from home

Evening Standard – Saving Central London: One in four could work from home for good
July 20, 2020

View the full article here.   The number of London workers operating from home will double to 25 per cent over the next five years, with huge long-term implications for the capital’s economy, according to new analysis today.   It comes after the Standard yesterday revealed how the absence of commuters has already had a devastating impact

The Times – Hongkongers could offer £40bn boost to UK economy
July 6, 2020

View the full article here.   The high productivity of Hong Kong citizens and the tendency of migrants to work hard as they establish themselves would add to Britain’s wealth if the government’s special immigration pathway were used, the Centre for Economic and Business Research has said.   The consultancy estimated that mass migration of Hongkongers to

The Express – Britons set to spend eye-watering amount as pubs reopen following lockdown
June 29, 2020

BRITONS are expected to spend £210million at pubs this weekend following the coronavirus lockdown.   After three months since the lockdown was imposed on March 23, people across the country will be able to visit bars and pubs again on July 4. But some landlords will remain closed due to staffing costs and thanks to off-sales

The Times – Rush to bar likely when pubs reopen their doors
June 29, 2020

A third of adults are planning a trip to the pub when they reopen at the weekend in a much-needed boost for landlords, new research predicts.   Takings in English pubs are set to reach £210 million over the July 4 weekend, about 72 per cent higher than the average weekend turnover, according to the Centre for Economics

The Times – UK house prices 2020: how has coronavirus affected the housing market so far?
June 8, 2020

The Centre for Economic and Business Research (CEBR) said on April 14 that property prices would fall 13% by the end of 2020. On April 20 Rishi Sunak, the chancellor, launched the Coronavirus Job Retention Scheme.   This week the CEBR revised its forecast to a fall of 8.7% this year. Kay Neufeld, head of

The Times – Confidence improves but consumers still fearful about personal finances
June 4, 2020

Household confidence is stabilising but consumers are still highly pessimistic about their personal finances, a closely watched survey shows.   The gradual easing of the lockdown lifted confidence by three points to 95.8 in May, according to an index published by YouGov and the Centre for Economics and Business Research. However, the index is still

Independent – How an extra bank holiday could help revive the economy
May 26, 2020

View the full article here.    The CEBR thinks sectors such as retail, catering and hospitality could benefit by as much as half a billion pounds from extra spending while any lost productivity could be made back in as little as a month, James Moore writes   Bank holidays are often accompanied by grim analyses of their cost

The Times – October bank holiday would raise £500m for worst-hit businesses
May 26, 2020

View the full article here.   An extra bank holiday in October this year could give the parts of the economy hit hardest by the coronavirus pandemic a £500 million boost without any financially harmful side-effects, research suggests.   The Centre for Economics and Business Research said that the hospitality, tourism and retail sectors would

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