51 articles for "John Hawksworth"

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...

10 July 2015

Summer Budget: Less of a spending rollercoaster, but still a lot of pain to come

By John Hawksworth The Chancellor stuck to his pre-election objective of eliminating the budget deficit before the end of this Parliament, but provided more concrete details of how he would achieve this. In particular, he opted for a smoother profile of real spending cuts over the next four years, which...

01 July 2015

What would Grexit mean for the Eurozone and UK economies?

By Andrew Sentance and John Hawksworth The economic and financial situation in Greece has taken a turn for the worse in the past week with the announcement of a Referendum on the bailout terms and conditions, the closure of the banks and the imposition of credit controls. Even before these...

24 June 2015

PwC’s new Golden Age Index – 5 things you need to know

By John Hawksworth and Conor Lambe One of the key megatrends affecting the UK and most other developed countries is an ageing population. Harnessing the potential of older workers will therefore become an increasingly important source of competitive advantage for both nations and businesses. To explore how the UK compares...

28 April 2015

Value of online media to consumers understated by £17 billion

By John Hawksworth Statisticians generally measure the size of the economy by GDP, which is an estimate of the total value of goods and services produced at market prices. But, as economists have increasingly recognised[1], there are limitations to GDP. One important aspect of this is that consumers can now...

20 March 2015

Economic view: Light at the end of the austerity tunnel

By John Hawksworth The Chancellor largely stuck to his fiscal plans in the Budget, but the one big change was to end major spending cuts in 2018/19 - a year earlier than set out in the Autumn Statement in December. With the economy performing well, he does now see some...

11 March 2015

UK economy: good progress but not plain sailing

By John Hawksworth The UK economy has performed well over the past year with growth up and inflation and unemployment down. But it has also entered some pretty choppy international economic waters. There are two main risk factors. First, despite the boost from QE and lower oil prices, Eurozone growth...

10 February 2015

The World in 2050: will the shift in global economic power continue?

By John Hawksworth and Danny Chan We have just produced the latest in our series of reports looking ahead to the World in 2050. This contains our latest long-term growth projections for 32 of the largest economies in the world, accounting for around 84% of total global GDP. So what...

20 January 2015

The Power of Shared Myths

By John Hawksworth Are shared myths the primary driver of human progress since the Stone Age? That is the central thesis of ‘Sapiens: A Brief History of Humankind’, an engrossing and provocative new book by Yuval Noah Harari, professor of history at the Hebrew University of Jerusalem. The book details...