Reynolds and economists warn of trade impact of US tariffs November 19, 2024 The business secretary has warned of a “significant moment for global trade” and predicted a “difficult conversation” with the US lies ahead, as economists predict a £20bn blow to Britain’s economy from Donald Trump’s tariff plans. Jonathan Reynolds warned the UK should avoid “speculating on how we should respond before there is something to respond [...]
UK pothole crisis costs £14.4bn every year from longer journey times and vehicle damage April 29, 2024 The bulk of the economic cost comes from longer journey times as nervous motorists attempt to limit the damage to their cars.
How work from home could be denting London’s GDP March 25, 2024 The new work-from-home era has inflated London’s GDP by over £8bn, as outdated measures of regional growth have warped official calculations. When adjusting for where people actually work from, rather than where their jobs are based on paper, the size of London’s economy falls by 1.4 per cent, data from Cebr has revealed. This pushes [...]