Get ready for the robot revolution – and fast September 17, 2018 The rise of the robots has generated a fierce debate – one in which the doomsayers shout the loudest. However, according to the World Economic Forum (WEF), the future is bright: for every job that machines are due to displace worldwide by 2022, they will create almost two more – a net positive of 58m. They [...]
IMF warns time has run out for no-deal Brexit preparations September 17, 2018 The International Monetary Fund (IMF) today warned that the government has run out of time to prepare fully for a no-deal Brexit, saying it would impose “substantial costs”on the British economy. Christine Lagarde, the IMF's managing director, said that a no-deal Brexit risks a "reduction of the size of the UK economy", with a larger [...]
IMF warns time has run out for no-deal Brexit preparations September 17, 2018 The International Monetary Fund (IMF) today warned that the government has run out of time to prepare fully for a no-deal Brexit, saying it would impose “substantial costs”on the British economy. Christine Lagarde, the IMF's managing director, said that a no-deal Brexit risks a "reduction of the size of the UK economy", with a larger [...]
Brexit uncertainty to slow down UK economy further as it endures investment slowdown September 17, 2018 A fall in investment because of continued uncertainty as the date of Brexit fast approaches has weakened the UK’s economic growth outlook, according to an influential business lobby group. Economists at the British Chambers of Commerce (BCC) say growth will slow to 1.1 per cent this year, in forecasts to be published today, a downgrade [...]
Brexit uncertainty to slow down UK economy further as it endures investment slowdown September 17, 2018 A fall in investment because of continued uncertainty as the date of Brexit fast approaches has weakened the UK’s economic growth outlook, according to an influential business lobby group. Economists at the British Chambers of Commerce (BCC) say growth will slow to 1.1 per cent this year, in forecasts to be published today, a downgrade [...]
Consumer spending bounces back in August after mid-summer lull September 17, 2018 British consumer spending rose in August after falling in July, according to data to be published today. Spending rose by 0.4 per cent in the month, after a decline of 0.9 per cent in July, according to the figures from card payments firm Visa. Expenditures have now increased in three of the last four months, [...]
Consumer spending bounces back in August after mid-summer lull September 17, 2018 British consumer spending rose in August after falling in July, according to data to be published today. Spending rose by 0.4 per cent in the month, after a decline of 0.9 per cent in July, according to the figures from card payments firm Visa. Expenditures have now increased in three of the last four months, [...]
How statisticians are trying to change the way we measure poverty September 17, 2018 We can judge the moral fibre of a society by how it treats its least well-off members. That sounds like a reasonably straightforward idea. But knowing who the poorest people are is not as easy as it sounds. The traditional measure of poverty in the UK has been to consider a household as being in [...]
How statisticians are trying to change the way we measure poverty September 17, 2018 We can judge the moral fibre of a society by how it treats its least well-off members. That sounds like a reasonably straightforward idea. But knowing who the poorest people are is not as easy as it sounds. The traditional measure of poverty in the UK has been to consider a household as being in [...]
Trump reportedly set to announce new tariffs on China September 16, 2018 US President Donald Trump is preparing to announce new tariffs on imports from China worth $200bn (£153bn), according to reports. Tariffs of around 10 per cent will be imposed on electronic goods such as internet technology products, printed circuit boards, and other electronics, the Wall Street Journal reported, citing White House sources. A decision could [...]