Brexit means Brexit…but what does Brexit mean for the TMT sector?

The markets were gentle on TMT (Technology, Media and Telecommunications) in the immediate post-referendum adjustment. The immediate market reaction in the first week after the referendum on the UK’s membership of the EU led to little change in TMT stocks. This suggests the view was that the TMT sectors were neither significantly exposed to a … More Brexit means Brexit…but what does Brexit mean for the TMT sector?

Can Brexit be the catalyst for UK economic reform?

An uncertain outlook…. The EY ITEM Club Summer forecast sets out how challenging and uncertain the economic outlook is with a significant downgrade in expected GDP growth compared to April’s forecast. Given the likely shock to the economy from the decision by the people of the UK to leave the European Union, this change in … More Can Brexit be the catalyst for UK economic reform?

Political and social uncertainty has economic costs too, time to move forward

Let’s not have a “Neverendum”… In the immediate aftermath of the UK’s vote to leave the European Union (EU), there have been a significant number of calls for a second vote. The press have runs stories about people who either apparently tried to change their votes, as they either didn’t expect the UK to vote … More Political and social uncertainty has economic costs too, time to move forward

Moving forward will require a focus on domestic policy as much as a focus on our relationship with the EU

The UK has woken up a little bleary eyed to find that her people have spoken and the majority of voters have chosen to leave the European Union (EU) – a victory for the Leave campaign. So, what now? After months of campaigning, it is vital that we all accept the result, look forward and focus … More Moving forward will require a focus on domestic policy as much as a focus on our relationship with the EU

Do we need a digital revolution outside of London to rebalance the UK economy?

Digital is driving economic growth… We have to close the digital skills divide – we need a digital revolution outside of London if we want to rebalance the UK economy.  EY’s UK region and cities forecast clearly shows the importance of the digital economy in driving economic performance. We expect the ‘information & communication’ sector … More Do we need a digital revolution outside of London to rebalance the UK economy?

How can we rebalance the UK’s economy? Increase the focus on manufacturing.

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.