The North and Midlands driving growth… Growth in the regions outside of the South East was the key driver of the UK’s FDI growth in 2015 according to EY’s 2016 UK Attractiveness survey. The major success stories among the English regions were the North West (118% increase), North East (83% increase), Yorkshire & Humberside (66% … More The clear message from the UK’s FDI performance in 2015: We must harness the power of the regions and cities
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.
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?
EY ITEM Club comes into its own… EY ITEM Club was created over 25 years ago by companies wanting a business view of the economy. EY’s sponsorship ensures the two-way interchange between economics and business continues and the Winter 2014-15 forecast illustrates how important and powerful this relationship is. The forecast is for increased GDP growth … More Happy New Year…or is it? Welcome back to risk and return
UK corporate optimism has fallen. UK businesses are in “wait and see” mode according to the results of EY’s latest Capital Confidence Barometer, a survey of almost 1,600 corporates worldwide, 10% of which are based in the UK. The shift in sentiment since our last survey is dramatic: only 27% of UK businesses cite growth … More UK business is putting expansion on hold – time for cool heads all round.