The Royal Family is worth £1.8bn to the UK economy every year says report November 20, 2017 Britain’s royalty contributes nearly £1.8bn to the UK economy every year, according to a new analysis of the value of the monarchy to be published today. The biggest single benefit offered by the monarchy to UK economy comes in a £550m annual boost to tourism, according to Brand Finance research. The total monetary value of [...]
UK retains seventh spot in ease of doing business ranking October 31, 2017 The UK retained its spot as the seventh best nation in the world for ease of doing business, according to an influential ranking published today. The US leapfrogged the UK to move up to sixth overall, according to the 15th annual Doing Business report from the World Bank, published today. In 2015 the UK came [...]
Nobel Laureate Richard H. Thaler on the end of behavioural finance October 11, 2017 | City Talk Richard H. Thaler, the US economist who elevated the word ‘nudge’ to a political catchphrase, can now add ‘Nobel laureate’ to his impressive biography. In a statement, the Royal Swedish Academy said that Thaler, who won the 2017 prize in economics for his contributions to behavioural economics, “has incorporated psychologically realistic assumptions into analyses of economic [...]
Is a UK house price crash coming? The majority of people think so, survey finds September 17, 2017 The majority of people are expecting house prices to crash as concern grows around the property market. A new survey by YouGov for the Sunday Times reveals more than half think prices will crash within the next five years. And almost a quarter say the same, but within just a two year time frame. House [...]
This group of pro-Brexit economists says leaving the EU will add £135bn to economy August 20, 2017 A group of economists who backed Brexit have predicted that leaving Europe could add £135bn a year to Britain’s economy. Economists for Free Trade (EFT), formerly known as Economists for Brexit, calculate that a so-called hard Brexit would lead to a surge in national output worth around £5,000 a year for every household on average. [...]
Taylor review: Six major report recommendations for changing employment law with the rise of the gig economy July 11, 2017 The government should introduce new laws for a new world of work. That's the recommendation of the Taylor Review, a long-anticipated report into the gig economy and how employment is changing in the modern economy. It's yet to be seen if and how the government might take on such changes. Here are the main points [...]
Buried treasure: The British shadow economy is worth £200bn June 29, 2017 The British shadow economy accounted for more than £200bn last year, according to new estimates of goods and services kept away from the eyes of authorities. The murky world of the legal goods and services deliberately concealed from governments was worth 11.3 per cent of the UK’s GDP in 2016, according to the Association of [...]
Record growth across the board for Moneycorp, the foreign exchange firm, in 2016 March 21, 2017 Moneycorp, the foreign exchange currency provider has reported record income of £137m for the year ending 31 December, an increase of nine per cent year-on-year. The company revealed underlying profits of £22.3 m as well as record revenue growth of 28% in its corporate international payments business. It also stated that it handled over 7m transactions [...]
Emergency rate productivity hit was worth it to save 1.5m jobs, says Bank of England chief economist Andy Haldane March 20, 2017 Slashing interest rates in the aftermath of the financial crisis has saved 1.5m jobs, the Bank of England's chief economist said today. Speaking at the London School of Economics, Andy Haldane noted, while the ultra low interest rate environment had hampered productivity, it was worth it to keep over a million people in work compared with a [...]
Sterling drops against the dollar and the euro after Theresa May confirms Article 50 trigger date as 29 March March 20, 2017 The pound has pared earlier gains against both the dollar and the euro, after the trigger date for Brexit negotiations was confirmed this morning. Sterling was up against the dollar, hitting around $1.2431, and the euro, at €1.1546, in earlier trading, but has since declined. At pixel time, the pound was at $1.2383 and €1.152 [...]