UK looking for a boost from the global recovery

MB tool kit
UK growth has softened since the EU referendum, and at a time when the rest of the global economy is picking up. The pace of UK activity has not closely followed the news flow on Brexit, illustrating how politics is one of many factors influencing growth.

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Posted on 06/02/2018

How distance survived the communication revolution

A planet of cities
Errors in predicting the future of technology tend to be extreme. At one end are the naysayers, like the Hollywood mogul Darryly Zanuck, who in 1946 predicted that TV would flop, “People will soon get tired of staring at a plywood box every night."

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Posted on 29/01/2018

Who made money in 2017?

 

Construction site
Last year was a good one for equity investors, with global equity markets rising by 21%. For a reasonably diversified investor it was hard not to make money.

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Posted on 22/01/2018

2018 global economic outlook

Monday Briefing compass
The global economy enters 2018 with good momentum. Expectations for growth this year are rising in many countries, equities are hitting new highs and business confidence is buoyant.

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Posted on 15/01/2018

CFOs want cost control and growth

Planting seeds for growth
The latest Deloitte survey of UK Chief Financial Officers, released this morning, shows the CFOs enter 2018 more focussed on controlling costs than at any time in the last eight years. CFOs seem to be reacting to slower UK growth and Brexit uncertainties with a renewed focus on costs.

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Posted on 08/01/2018

Six news stories for Christmas

Doughnut
Here is our choice selection of the "and finally" news stories from the Monday Briefing in 2017. Credit goes to my colleagues for tracking down these stories and for forging the right pun or quip. The Monday Briefing is taking a break until Monday 8th January. In the meantime the Deloitte economics team - Ian, Debo, Alex, Rebecca and Tom - wish you a very merry Christmas and a happy New Year.

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Posted on 18/12/2017

What to read this Christmas

Monday Briefing christmas reading
We are launching our Christmas reading list today. Our ‘top six’ is the product of a lot of reading and some debate in the Economics Team. The list aims to offer a thought-provoking and enjoyable break from the rigours of Christmas. All are available free and online. You can save these articles on your smartphone's or tablet's reading list. To print any use the print icons, where available, on the webpages to ensure the whole article comes out.

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Posted on 11/12/2017

Christmas Quiz 2017

Christmas Quiz gift ribbon
Our Christmas Quiz offers an eclectic test of knowledge of economics and business. The answers, and a brief explanation of the factors at work, are at the end of this note.

 

  1. Which of the following countries has the most affordable housing market relative to incomes, according to The Economist’s house price affordability index?

 

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Posted on 05/12/2017

Is low productivity here to stay?

 

Productivity Monday Briefing low measure
It’s official, the UK growth outlook has taken a turn for the worse. By far the biggest news in last week’s budget was the downgrade in the Office of Budget Responsibility’s (OBR) forecast for UK productivity growth over the next four years, from an average of 1.6% to 0.9% a year.

There is no consensus about why UK productivity growth has been so weak in recent years. But with the under-performance running into its sixth year, and other countries struggling with similar problems, the OBR has thrown in the towel and accepted that the days of rapid productivity growth are over.

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Posted on 27/11/2017

Decision time for the EU (and it’s not about Brexit)

 

Monday Briefing direction
What is the biggest question facing the European Union?

 

Brexit is the obvious candidate. The secession of a member state is an almost unimagined contingency. But for all the historic significance of Brexit the future direction of the EU itself is, for my money, a more important question.

 

 

 

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Posted on 20/11/2017