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The Latest Breaking News from CEBR

Trump tariff hikes could knock UK GDP, says CEBR

Analysts at the think tank estimate that Mr Trump’s tariff plans could reduce UK gross domestic product (GDP) by 0.9% by the end of his term.

The Independent UK

Businesses are still missing out on billions by not harnessing digital technology

Britain’s economy and company profits have been stifled due to poor tech uptake among UK businesses.

TechRadar

Households’ confidence in future finances turns more downbeat

The latest report from YouGov and Cebr noted ‘areas of concern’.

The Independent UK

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Why the UK tourism industry is still suffering four years after Covid

The number of tourists visiting the UK in 2024 is predicted to be still lower than than pre-pandemic figures

The Independent UK

Busy August bank holiday road getaway expected as Britons go ‘day-trip crazy’

Highest traffic levels since 2015 anticipated, though overseas visitors remain below pre-pandemic levels

The Guardian - UK

Stablecoins At 10: CEBR, BVNK Report Finds Coins Can Unlock $11B Of Business Capital

Stablecoins are celebrating their 10-year anniversary this month, and a new report has, for the first time, uncovered the quantitative link between increasing stablecoin use and economic impact, highlighting the potential of the 10-year-old crypto class.

International Business Times

The tourist tax puts off up to two million people a year from visiting the UK, says new report

Jeremy Hunt has said in the Autumn Statement he would "look again" at the pros and cons of the tax perk

Evening Standard

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UK Christmas shoppers will pay more for less this year, say economists

Cost of festive season is up almost a quarter in three years, according to the Centre for Economics and Business Research

The Guardian - UK

Transport minister refuses to say if government still committed to extending HS2 to Manchester and Euston – as it happened

Richard Holden responds to urgent question from Labour about HS2 but refuses to say if HS2 will still reach Manchester or Euston in London

The Guardian - UK

Liz Truss urges PM to cut taxes and ditch some green commitments

The former PM concedes that she and Kwarteng were in a ‘rush’ to get ‘results’

The Independent UK

Unfair to call my mini-budget tax cuts unfunded, Truss to claim

The former PM will urge the Government to cut taxes, shrink welfare spending and raise the retirement age in a speech explaining her economic vision.

The Independent UK

Markets rally as China steps up support for economy and Country Garden strikes debt deal – as it happened

Rolling coverage of the latest economic and financial news, as stocks rally as Country Garden agrees extension to its onshore debt payments

The Guardian - UK

High interest rates ‘will lead to thousands of UK firms failing in 2024’

Thinktank Cebr expects Bank rate to rise twice more and predicts 28,000 insolvencies over next year

The Guardian - UK

Forget being a tech superpower — millions of adults in UK falling behind on digital skills, say House of Lords

The House of Lords is calling on Rishi Sunak to swap AI and coding for a joined-up government strategy on eradicating digital exclusion and digital poverty

Evening Standard

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The Independent UK

‘This is going to sting’: What would a mortgage crisis mean for homeowners and renters?

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

The Independent UK

‘This is going to sting’: What will mortgage chaos mean for homeowners and renters?

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

The Guardian - UK

Rising bills and tax hikes to make UK families hundreds of pounds worse off

Study commissioned by Guardian details scale of hit to household finances from April

The Independent UK

More people are struggling in the UK than in any other country, according to a survey of 30,000 people in 16 nations

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The Independent UK

More people said they were struggling in the UK than in any other country, according to a survey of 30,000 people in 16 nations.

Evening Standard

Consumer sentiment positive for first time since mini-Budget, YouGov/Cebr survey finds

Confidence in house prices, job security and business activity was strong, but poor sentiment remains on cost-of-living issues

The Independent UK

More women working in finance in 1997 than in 2022, figures show

London Stock Exchange boss Julia Hoggett said diversity and inclusivity is not a ‘nice distraction’, but should be part of the job.

Birmingham Post

Exeter and Bristol post-recession job boom forecast by top economists

The two South West cities have been predicted to be among the best in the UK for employment growth when the UK emerges from the current economic crisis

Birmingham Post

Swansea will fare marginally better than Cardiff as UK emerges from recession claims report

New research from Irwin Mitchell predicts Swansea will return to growth slightly faster than Cardiff in Q4 of 2023

Insider UK

Edinburgh and Glasgow lead the pack as UK set to exit recession in mid-2023

However, Aberdeen’s economy is predicted to shrink in the next 12 months

Tribune News Service

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

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