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Reports

The Irish News – Household spending power in Northern Ireland ‘by far lowest in UK’
January 24, 2023

HOUSEHOLDS’ spending power in Northern Ireland is fast diminishing as the cost of living crisis continues to bite. The region endured the UK’s largest percentage fall in discretionary household income in the last three months of last year, according to the latest Asda Income Tracker. Money left over after all priority bills were paid declined

Higher earnings growth and lower inflation rates are causing a ‘levelling down’ among UK regions, with real weekly earnings down by just £9 in London in the year to Q4 2022, compared to £19 across the country as a whole
January 23, 2023

As the Government this week unveiled the second round of its Levelling Up funding, amounting to £2.1 billion, renewed focus has been placed on the disparities between the economic prospects of the UK’s regions and nations. This is a pressing issue for the UK economy, and one that has taken a backseat in recent months.

CNN – India flexes its muscle at Davos as China’s star fades
January 20, 2023

Davos, Switzerland (CNN) The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from companies and governments courting attention or deals. There’s the tech giants, the major consulting groups, representatives from the Middle East. But this year, dominating the main street in Davos are emissaries from

Dhaka Tribune – When will Bangladesh’s economy reach the $1tn milestone?
January 20, 2023

The country is moving ahead to become a strong economy in the next decade, with its GDP reaching the $465-billion mark in 2022 In the post-Covid era, while many developed countries are weighed down by the global economic crisis triggered by the Ukraine war, Bangladesh has maintained an average growth of 6.4% despite facing challenges. 

Globetrender – Gen Z and Millennial travel intentions revealed for 2023
January 20, 2023

Research shows that Gen Z and Millennial travellers plan to take longer trips in the year ahead, as well as live in multiple cities. Rose Dykins reports Research from extended-stay accommodation provider, Edyn, reveals what Gen Z and Millennials want from travel this year – and how the hospitality sector needs to evolve to remain

YouGov – Consumer confidence sees a small New Year bounce as outlook for household finances improves
January 20, 2023

Consumer confidence saw a slight increase over December (+1.0)  Index improves thanks to rising short-term (+3.3) and forward-looking (+8.8) household finance measures   Retrospective house value measures continued to decline (-6.3) but outlook saw a mild uptick (+1.2)   Consumer confidence saw a slight uptick in December 2022, according to new analysis from YouGov and the Centre

more2life – Almost two in five over-55s saw costs exceed income in 2022
January 18, 2023

Almost two in five over-55s (39%) said that their outgoings exceeded their income during parts of 2022, new data from more2life and economics consultancy Cebr has found, with a growth number turning to unsecured borrowing to cover shortfalls.  The research also revealed that the number of people whose spending exceeded their income every month has

Finextra – What the banks vs fintech debate gets wrong
January 17, 2023

The boom in real-time payments is reverberating across the world, and by 2026 they will make up 25% of all electronic payments. Market forces and the global pandemic accelerated adoption to new levels, providing consumers and businesses cheaper, faster and more efficient ways to pay — and there’s no looking back.   And as more and

The Manufacturer – GEEKVAPE invests over £120m in smart manufacturing centre
January 16, 2023

GEEKBAR, a vape technology brand, is taking intelligent manufacturing to new heights by investing more than £120m into setting up a futuristic production facility, as part of its growth plans in the UK and to continue to be a leading vape brand of choice amongst British retailers. The two-year-project will see some of the most

Reuters – Pessimism among UK consumers eases as inflation peaks, poll says
January 12, 2023

LONDON, Jan 12 (Reuters) – British consumers turned a little bit less pessimistic in December as inflation started to fall back from historic highs, a survey published on Thursday showed. Polling firm YouGov and consultancy Cebr said their overall consumer confidence index rose by 1 point from November although at 95.9 it remained stuck in

Forbes España – El número de pymes en España crecerá en 63.000 en tres años, un aumento interanual del 0,8%, según Sage
January 11, 2023

Las pymes «resistirán» la actual incertidumbre económica y se prevé que se creen 63.000 nuevas pequeñas y medianas empresas entre 2022 y 2025, lo que supondría un crecimiento anual del 0,8%, según ha publicado Sage en su estudio ‘SMBs Driving Economy Recovery’, desarrollado en colaboración con el Centro para la Investigación Económica y de Negocios

Express – NHS would save more than £600m a year if half of smokers switched to vaping says report
January 10, 2023

As Brits set new year’s resolutions to go on diets or give up smoking a report has suggested that giving up traditional cigarettes for safer e-cigarettes such as vaping could boost the British economy by billions. A major report – Economic impact assessment of the vaping industry – by the Centre for Economics and Business Research (Cebr) has

The Times – Small firms ‘will rebound to turn over more than ever’
January 10, 2023

Small and mid-sized businesses will contribute more of UK business turnover by 2025 as they bounce back quickly from the expected recession, researchers have predicted. Forecasters at the Centre for Economics and Business Research analysed growth trends after the financial crisis in 2007 to 2009 and from these estimated that by 2025 the number of

Sage and CEBR forecast positive UK economic growth with SMBs set to contribute an extra £160bn of turnover by 2025
January 10, 2023

Sage Press Release, January 10 2023 Analysis by the Centre for Economics Business Research (Cebr) for Sage forecasts that the number of SMBs in the UK will increase by 342,000 by 2025. SMBs’ financial turnover is projected to increase by £160 billion in the same period – outperforming the expected growth rate of turnover in

New year, new gas price forecast – enough to stave off a recession?
January 9, 2023

A month ago, our assumption about the wholesale gas price was that it would stay around £2.50 per therm on average through the next financial year, with the price rising during the year as the world and especially the European economies recovered from the second half of 2023 onwards. However, prices have tumbled in recent

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