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10 August 2016

How long will it take ‘Generation Rent’ to get on the housing ladder?

By Lucy Rimmington Our recent UK Economic Outlook report explored how housing affordability has and will change over time, and looks at what Brexit will mean for housing and the wider economy in the short and medium-term. But while it is generally agreed that getting on the housing ladder has...

25 July 2016

Where is the Northern Powerhouse going?

By Esmond Birnie Former Chancellor George Osborne called it the Northern Powerhouse, but to many government watchers in England it’s just one element in a nationwide devolution revolution. Either way, the dash to embrace “Devo,” with its combined authorities, elected mayors and new fiscal powers is becoming the new normal...

19 July 2016

Three scenarios for the UK economy after the Brexit vote

By John Hawksworth The vote to leave the EU was a huge political and economic shock. The UK political system seems to have stabilised itself remarkably quickly, with a new Prime Minister and Cabinet in place within three weeks of the referendum. But the economic aftershocks will last longer, since...

24 June 2016

Riding out the storm: the economic implications of Brexit

By John Hawksworth The UK’s decision to leave the EU is the biggest political shock of my lifetime. It has already led to considerable volatility on financial markets and there will be a period of economic and business uncertainty as the details of our exit from the EU are worked...

21 June 2016

Why Business and Economists Support EU Membership

By Andrew Sentance, Senior Economic Adviser, PwC Economists and business executives don’t always agree. But on one important issue there is widespread agreement now. The UK would be better off staying in the EU. The CBI reports 80% of its membership are in favour of the UK remaining an EU...

02 June 2016

What can economics tell us about Olympic medal performance?

By John Hawksworth As we are getting closer to the start of the 2016 Olympic Games in Rio, interest is rising in the likely medal tallies of different countries. As a contribution to this debate, we have just published a paper that presents econometric analysis on the determinants of past...

31 May 2016

The $6.7 trillion prize from universal global internet access

By John Hawksworth The internet has been a big part of everyday life in the UK and other advanced economies for more than 20 years, so it is sobering to realise more than half the global population still does not have access to it. That represents close to 4 million...

11 April 2016

Breaking the bonds between governments and the financial sector

By Richard Boxshall A troupe of policymakers will take to the global stage in mid-April for the Spring meetings of the IMF and World Bank amid slowing global economic growth and capital net outflows from emerging markets. March was a busy month for policymakers, actions included a new growth target...

18 March 2016

Budget 2016: Sweeteners now, but pain later to fill hole in public finances

By John Hawksworth As the Chancellor was at pains to stress, the global economic outlook has turned stormy since the Autumn Statement in November. Together with a more cautious view on trend productivity growth, this led the OBR to edge down its economic growth and inflation forecasts (see Table 1)....

10 March 2016

Future UK jobs growth – 5 key trends

By John Hawksworth The last century has seen the inexorable rise of services to its current position as the source of over 80% of UK employment. Manufacturing now accounts for less than 10% of UK jobs, while health and education and business services have been the biggest growth areas since...