59 posts categorised "John Hawksworth"

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...

21 October 2015

PwC’s new Young Workers Index - 5 things you need to know

By David Tran and John Hawksworth In the UK, young people are nearly three times more likely to be unemployed than the rest of the population. And this is worse than for many other countries. So, why is this the case - and what can be done to improve it?...

26 August 2015

How worried should we be about China and the global economy?

By John Hawksworth Recent dramatic events in Chinese stock markets have rippled across global markets and reignited fears of another downward leg to the global financial crisis. But how bad are things really and what does this mean for the UK economy? China has serious challenges to address The Chinese...

22 July 2015

UK recovery continues but challenges ahead on productivity and housing

By John Hawksworth The UK economy grew by 3% in 2014, its strongest performance since 2006 and the highest growth rate in the G7. Both unemployment and inflation fell significantly, adding to the feel good factor. But growth slowed a little in the first quarter of this year as international...