Latest posts from our Economics in Business blog Join us on LinkedIn PwC UK YouTube channel Subscribe to our RSS feed Join us on Facebook Follow PwC on Twitter

12 April 2018

Is it time to plan for the next downturn?

By Andrew Sentance, Senior Economic Adviser It is nine years now since the UK economic downturn triggered by the Global Financial Crisis came to an end – in the second quarter of 2009. As long as economic growth continues into the second half of 2018, which is highly likely, we...

20 March 2018

London has outpaced other UK regions for 20 years – but will this continue?

By John Hawksworth and George Mason Our latest UK Economic Outlook report projects steady but relatively modest UK GDP growth of around 1.5% in 2018 and 1.6% in 2019. But how will this vary by region? One obvious way to assess this is to look at history. As analysed in...

16 March 2018

Chancellor bides his time as the UK remains in the slow lane of global growth

By John Hawksworth UK economic growth has slowed over the past couple of years, but the latest news has been somewhat more positive on the back of a stronger global economy. The Office for Budget Responsibility (OBR) nudged up its 2018 GDP growth forecast from 1.4% to 1.5% to reflect...

13 March 2018

Jam tomorrow, not today, in the Chancellor’s Spring Statement

By Andrew Sentance, Senior Economic Adviser The first “Spring Statement” since the Budget was moved to the Autumn last year was a pretty dull affair. The Office for Budget Responsibility did not give the Chancellor much to work with. Economic growth was revised up very slightly this year, but the...

07 March 2018

Global economic power is shifting to Asia – how can the UK cash in?

By John Hawksworth As documented in our World in 2050 report, global economic power has been shifting to Asia for some time and this process is set to continue over the next few decades. In the short term, China is likely to continue to grow at around 6.5% and India...

22 February 2018

How will automation affect jobs in retailing?

By John Hawksworth The retail and wholesale sector is one of the largest employers in the UK, accounting for around 15% of all jobs. It is also closely linked to other sectors that are significant employers such as consumer goods manufacturing and transport and logistics. In the future, however, the...

06 February 2018

Will robots really steal our jobs?

By John Hawksworth, Jonathan Gillham and Richard Berriman Automation is nothing new – machines have been replacing human workers at a gradual rate ever since the Industrial Revolution. This happened first in agriculture and skilled crafts like hand weaving, then in mass manufacturing, and in more recent decades in many...

07 December 2017

Young workers aren’t working

By David Armstrong What to do about young people not in education, training or employment As a father of three children who will all soon be young adults, the idea that they’ll do nothing productive fills me with fear and dread, but the statistics say that may happen. The official...

24 November 2017

Chancellor walks a narrow tightrope between fiscal prudence and easing austerity

By John Hawksworth UK economic growth has slowed this year and this more sluggish performance is now projected to continue for some years to come as productivity growth remains disappointing. This has worsened the medium term public finance outlook and reduced the wriggle room available to the Chancellor. He therefore...

20 November 2017

We need a Budget to boost flagging productivity growth

By Andrew Sentance, Senior Economic Adviser, PwC The Chancellor has not been short of advice about his Autumn Budget. More money is being requested for the health service, education, benefits, public sector pay and housing. Many of his Cabinet colleagues have pitched into the debate – including the Prime Minister...