Manufacturing FDI is powering the UK’s regional resurgence… As EY’s 2016 UK Attractiveness Survey shows, the UK is continuing to raise its game in attracting manufacturing FDI, with the total number of 183 manufacturing production projects recorded in 2015 representing the UK’s highest number since 1998. The results show that the UK ranked second in … More How can we rebalance the UK’s economy? Increase the focus on manufacturing.
It could go either way… The EY ITEM Club Winter forecast is optimistic about the UK’s ability to withstand the problems in the global economy in 2016. The EY ITEM Club expects continued consumer spending, reasonable export performance in developed markets and business investment to offset any negative effects from the challenges for the world … More A rebalancing and divergent world is hard for business to call
Happy New Year January started with a flow of bad news from the global economy and especially China. Executives reading the press on their return to work would have been rushing to downgrade their forecasts for the year. In fact the mood was so pessimistic that the positive news on US job growth was missed … More Can the UK consumer hold off the Chinese dragon?
Rebalancing, what rebalancing? Given the projection in EY UK region and city economic forecast that the regions closest to London will tend to grow faster than the rest of the UK through to 2018, it’s hardly surprising that we expect that Luton and especially Reading will all do well in terms of GVA growth, with Bristol, … More Is devolution enough to rebalance the UK? national and regional policy must work in tandem.
A more unbalanced economy? The UK economy is becoming more geographically unbalanced according to EY’s first UK region and city economic forecast. This shows that London has been the fastest-growing component of the UK economy since 2012 and that the East and South West have both grown in excess of the average rate since 2012. Clear … More Northern Powerhouse or powder puff? How to build on Manchester’s success and rebalance the UK economy.
The Eurozone recovery continues… The Eurozone remains in a “sweet spot”, benefiting from lower energy prices, expansionary monetary policy by the ECB, a more competitive exchange rate and a softening of austerity. It seems likely GDP will have grown by 0.5% in Q3 2015, up from 0.3% in Q2, and we expect 1.5% expansion for … More Have you rebalanced back to the Eurozone?
After the General Election and the Budget, what is the economic outlook for business? A business friendly government… A decisive General Election victory for the Conservative Party should mean that the economic policy framework for the next five years is both clear and predictable. And based on the sentiment expressed pre-Election with the fiscal policy contained in the Conservative Party … More Rebalancing at last?