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24 July 2017

House prices remain below pre-recession levels across a quarter of the UK

By Richard Snook The general perception of a UK wide affordability crisis masks huge differences in house price performance between regions. In a recent analysis of sub-regional data, we find that in a quarter of local authorities across the UK, house prices remain below the pre-recession peak achieved ten years...

18 July 2017

Building 250,000 homes a year may only knock £5,000 off the average house price

By Richard Snook It is no secret that the UK’s housing market is becoming increasingly unaffordable. The chronic undersupply of housing over the past few decades, coupled with increasing demand, has seen house price growth far exceed the rate of earnings growth. This has been felt the hardest in London,...

20 June 2017

PwC’s new Golden Age Index – the potential $2 trillion prize from longer working lives

By Hannah Audino and George Mason By 2050, the number of people aged 55 and over in OECD countries will grow to over 500 million. It is great news that we are living longer, but this demographic shift is already beginning to put a significant strain on our public services,...

30 May 2017

Can Vietnam be Asia’s new rising star?

By John Hawksworth Vietnam has been one of the strongest growing economies in the world since the Doi Moi reforms of the late 1980s. Only China has achieved consistently stronger growth in GDP per capita according to World Bank data for 1991-2014. Vietnam’s success has reflected a combination of visionary...

08 May 2017

Can Macron turn around the French economy?

By Andrew Sentance, Senior Economic Adviser, PwC Now that Emmanuel Macron has been elected as the next President of France, attention will turn to the policies which he will seek to implement over his five year term of office. His biggest challenge will be to turn around the performance of...

24 April 2017

Economic slowdown is underway as consumers rein in spending

By Andrew Sentance, Senior Economic Adviser, PwC Consumers are reining in their spending after a post-referendum shopping spree. That is the message from last week’s retail figures which showed a fall of 1.4% in sales volumes between the final quarter of last year and the first three months of 2017....

27 March 2017

Inflation is back – and action to contain it is now needed

By Andrew Sentance, Senior Economic Adviser, PwC The rate of inflation jumped sharply last month and is now back above the Bank of England’s 2 percent target. We should not be surprised. Inflation is rising in major economies around the world. Higher energy and food prices are part of the...

17 March 2017

UK consumers: living beyond their means?

By Barret Kupelian and Duncan Mckellar Consumers have been the key driving force of the UK economic recovery both before and after the Brexit vote. Our analysis shows that consumer spending has grown by an average 2.4% per annum faster than inflation over the past four years, well ahead of...

16 March 2017

Women in Work – The £85 billion prize from closing the gender pay gap

By Yong Jing Teow and Shivangi Jain Last month we published our fifth annual update of the PwC Women in Work Index, which shows a continued improvement in the UK’s performance in terms of empowering the female workforce. Our Index combines five key indicators of female economic empowerment: the equality...

10 March 2017

Cautious Chancellor delivers safety first Budget … apart from the self-employed

By John Hawksworth The Brexit vote has not yet had a major negative effect on UK economic growth, but there are still many uncertainties ahead. So it was not surprising that the Chancellor chose to deliver a ‘safety first’ Budget in which giveaways on social care, vocational education and business...