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Reports

The Scotsman – Edinburgh and Glasgow to be among fastest-growing UK locations as country emerges from recession in H2
January 6, 2023

Edinburgh and Glasgow are set to see their economies rank amongst the fastest growing in the UK as the country emerges from recession in the second half of this year, according to a new study. Law firm Irwin Mitchell, which has an office on Glasgow’s West Regent Street, has revealed its latest City Tracker that

Huddersfield Hub – Huddersfield Economy Amongst ‘Least Hard Hit’ By Cost-Of-Living Crisis And Return To Growth Expected In Late 2023, Says New Study
January 5, 2023

A new study has some good news for the Huddersfield economy at the start of 2023. The Irwin Mitchell City Tracker expects Huddersfield’s economy to return to growth in the second half of this year. The City Tracker study has been produced by the Centre for Economics and Business Research (Cebr) and examines 50 locations

Business Cheshire – Manchester’s economy to see sluggish growth as UK emerges from recession in mid-2023, says report
January 5, 2023

Liverpool, Birmingham and Edinburgh expected to grow more quickly than Manchester Report reveals contrast in growth between performance of economies in Greater Manchester and city centre Manchester’s economy will return to growth in the final three months of 2023 but at a slower rate than Liverpool and other large cities including Birmingham and Edinburgh, according

Falling house prices, a UK recession and weak financial markets – Our Top Ten for 2023…
December 30, 2022

2023 doesn’t look a great year for the UK – but the shafts of light are that inflation will be on its way down and the economy should start to recover at some point in the year What did we get right last year? After an extraordinary year, I was amazed to find that our

World Economic League Table 2023
December 26, 2022

A world economic league table with forecasts for 191 countries to 2037. The latest edition, WELT 2023, comes at a time of significant change in the world order and heightened global economic uncertainty. It is Cebr’s 14th annual world economic outlook report.

Eight months of strike action to have cost the UK economy at least £1.7bn, adding to existing recessionary pressures
December 19, 2022

The rising cost of living has been the dominant economic subject in the UK over 2022. Data from the Office for National Statistics (ONS) released this week show that employees are currently experiencing the sharpest real earnings contraction in 13 years. As such, with earnings falling short of inflation for many, a secondary theme of

The government’s new ECO plus energy efficiency scheme can save households hundreds of millions of pounds, but still leaves billions up for grabs
December 5, 2022

A recent Cebr report for Grundfos has found that UK homes and businesses are losing out on £3.1 billion worth of savings per annum due to barriers preventing energy efficiency improvements. The government’s new ECO plus scheme will help plug this gap, by saving UK homes about £124 million per annum, but it will still leave upwards

Bleak Friday – discounts unlikely to save retailers as consumers cut back spending by £1.5 billion across Q4
November 25, 2022

Black Friday discounts may attract some shoppers hoping for a bargain on their Christmas shopping, but are unlikely to save struggling retailers from the rising number of insolvencies in the sector. The cost-of-living crisis, combined with warnings that discounts are often more generous at other times of year and the threat of a Royal Mail

Grundfos launches report on ‘Powering Energy Efficiency’ in the UK and Germany
November 23, 2022

The report focuses on policy context and recommendations for both countries. Words taken from Grundfos’ press release. Improving quality of life for people is at the heart of our business, which is why we collaborated with Centre for Economics and Business Research (Cebr – an independent London-based economics consultancy) to produce the ‘Powering Energy Efficiency’

The Chancellor tightens the easy way – using inflation to squeeze budgets and reduce allowances. The really tough decisions have been left to whoever wins the election…
November 18, 2022

The UK economy is slipping into recession. Our own numbers are not very far apart from the OBR’s forecast of -1.4% GDP growth next year. Yet, driven by the Federal Reserve Bank, interest rates are still rising around the world and it will be hard for the UK to reverse that trend for a few

Despite the collapse in overvalued tech stocks, the sector is still likely to grow. By 2035 one job in five is likely to be in tech.
November 14, 2022

Most tech flotations are characterised by prioritisation of revenue growth over profitability and extravagant extrapolation. It is not surprising that investors’ hopes are often dashed and sometimes dramatically so. At time of writing the Nasdaq Technology Stock 100 Index is down 43% year to date and coincidentally by the same amount over the past year.

Can Malaysia break out of the middle income trap?
October 31, 2022

In 2000 Malaysia’s GDP per capita (in 2015 $) was $6,393. Romania’s was $4,549. China’s was $2,194.  By 2021 their levels of GDP per capita were roughly equal – Romania at $11,590, China’s at $11,188 and Malaysia’s at $10,827.1 Moreover, Malaysia’s GDP per capita was about the same as it had been four years earlier in

Falling gas prices provide some welcome relief ahead of winter, but the new Government needs to act fast to protect households and secure energy supplies for 2023
October 24, 2022

ile political events are moving at breakneck speed, the UK’s economic challenges continue to mount. Looking at the cost of energy, the current Chancellor Jeremy Hunt announced that the Energy Price Guarantee for households will be reviewed by April 2023 rather than being in place for two years. This reduces the exposure of the public purse

The record build-up in inventories is about to come to an end and will knock 0.8% off UK GDP by 2024
October 17, 2022

An energy price crisis, the threat of blackouts during winter, and a land war on European soil – 2022 has brought back many events that we thought we had left behind decades ago. The economic story of the year has without a doubt been the sharp uptick in inflation. Initially driven by higher energy prices,

The Chinese Zero Covid policy is hurting the country’s growth prospects but we expect it to be quietly adjusted after the Party Congress
October 10, 2022

The Western media is full of stories of China’s impending collapse. Attention is drawn to lockdowns enforced by militia with automatic weapons in Shenzhen; home buyers banding together to refuse to pay mortgages on unfinished properties ‘in more than 100 cities’ according to the New York Times, sudden lockdowns in Shanghai leaving people ‘without food or

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