62 posts categorised "John Hawksworth"

11 September 2017

UK makes good progress on fuller working lives – but still scope to improve further

By John Hawksworth New data released by the DWP on 7th September showed that the UK has made good progress on extending working lives, particularly for women. Twenty years ago, the average age at which women exited the workforce was around 60 – now it is 63. The gradual rise...

31 July 2017

What can machine learning add to economics?

By Hugh Dance and John Hawksworth Machine learning and artificial intelligence (AI) are some of the hottest topics around today. On the one hand, AI promises great benefits for productivity and the economy, on the other hand it could also displace some existing jobs at the same time as it...

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...

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...

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...

19 January 2016

Global stock market turmoil should not derail the UK economic recovery

By John Hawksworth Global stock markets have had a rocky start to 2016, reflecting concerns about the slowdown in China and weakness in global commodity markets. But how serious a threat is this to the UK economic recovery? Clearly there will be some losers from these global developments, including both...

08 December 2015

Robots – economic curse or blessing?

By John Hawksworth A great deal of debate has flared up in recent years around whether the rise of intelligent robots will be of huge benefit to society in terms of increased productivity, or a huge threat to the jobs and earnings of large swathes of the workforce (putting aside...

27 November 2015

Favourable borrowing forecasts gave Chancellor some wiggle room

By John Hawksworth Lower than expected public borrowing forecasts allowed the Chancellor to cancel planned cuts to tax credits next year while boosting spending on transport infrastructure and housing. But he has also pencilled in around £5 billion of extra net tax rises by 2020 to help achieve his target...

11 November 2015

UK recovery continues but longer term export challenge remains

By John Hawksworth The UK economy grew relatively strongly in 2014, but it has slowed a little in 2015 as global uncertainties have increased. Although the headwinds from the Greek crisis have calmed down somewhat since our last report in July, this has been offset by growing concerns about a...