uk economy

UK Economy To Slow Down In 2017 and 2018, Report Concludes

UK Economy To Slow Down In 2017 and 2018, Report Concludes

The UK economy is expected to slow down both this year and next, according to a report by The National Institute of Economic and Social Research (NIESR). Despite 2% growth in 2016, including 0.6% in Q4, NIESR’s forecast predicts the UK economy will slow to just 1.7% in 2017 and 1.9% in 2018. A drop in value of the pound sterling versus international currencies, and the impact of Brexit means consumer price inflation is likely to rise – which spells potentially good news for businesses but bad news for consumers. In global terms, the world economy is expected to grow at a faster rate in the next couple of years, with the annual growth rate forecast to rise from 3% in 2016 to 3.1% in 2017, and then to 3.5% in 2018. Simon Kirby, head of macroeconomic modelling and forecasting at NIESR said: “... »

UK Economy Grows 0.6% In Q4 Despite Brexit Concerns

UK Economy Grows 0.6% In Q4 Despite Brexit Concerns

The UK economy grew 0.6% in Q4, despite fears the UK’s decision to leave the EU would slow growth. According to the ONS, economic growth between October and December 2016 was identical to the two previous quarters, with the economy growing by 2% in 2016 – compared to 2.2% in 2015. Strong performances by the services and retail sectors were cited as being the main reason behind the surprising results, with the former growing by 0.8% in the last quarter. The manufacturing industry also bounced back from a slow Q3, with its quarterly growth figure of 0.7% slightly better than the 0.5% rate most economists had expected. The figures also showed that the construction industry grew by 0.1% and agriculture by 0.4%, while industrial production was unchanged. Paul Goodman, chairman of the Nati... »

Hard Working Small Businesses Contribute £22bn to UK Economy

Almost one fifth of small business owners work over 60 hours a week New research has revealed that overtime worked by small businesses is worth an estimated £22bn to the UK economy, over 1% of the annual GDP. According to a report by digital lender Everline and the Centre for Economic and Business Research (CEBR), four out of five small business owners worked overtime last month, with 18% working over 60 hours a week. The report, which included a survey of 1,000 small firms, revealed that 52% of small business owners plan to work on at least one bank holiday over the next 12 months, with 12% expecting to work this Boxing Day and 13% on New Year’s Day. This, according to Everline, will lead to a boost of £1.7bn to next year’s economy. The majority of respondents state that working overtime ... »

CBI Predicts Slower Economic Growth

Employers’ mouthpiece, the CBI, has revised downward its predictions of growth in the UK economy. »

British Venture Capital Association Report

The Impact of Private Equity

The British Venture Capital Association (BVCA) launches a Report detailing the Impact of Private Equity on the UK Economy. »