Special topics in The Monday Briefing

Going for growth


A personal view from Ian Stewart, Deloitte's Chief Economist in the UK. To subscribe or view past editions google 'Deloitte Monday Briefing'.

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Posted on 10/01/2022

Christmas quiz


Our Christmas quiz covers an eclectic mix of topics, many related to economics and business. The answers and a brief explanation of the factors at work are below each question.

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Posted on 06/12/2021

Omicron assessed


It will take weeks to establish how great a risk the Omicron variant poses. The hope is that, like the Beta (first documented in South Africa) and Gamma (Brazil) variants before it, Omicron will fail to become dominant. Those earlier variants were unable to outcompete the Alpha (UK/Kent) and now the dominant Delta (India) variant.

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Posted on 29/11/2021

A slower-growth China


A New Winter of Discontent? Join us for a webinar this Wednesday morning where I’ll be discussing with a panel of Deloitte specialists, along with Jaguar Land Rover’s finance director, Chris Tye, whether rising inflation, supply bottlenecks and labour shortages mean we are heading for a new Winter of Discontent.
Timing: Wednesday, 24 November 2021, 08:30-10:00 GMT
Register here

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Posted on 22/11/2021

Interest rate rises, slowly does it


A year, to paraphrase Harold Wilson, is an eternity in economics. This time last year inflation was on its back and Central Banks were fretting about the risk of deflation. Now Central Banks have the opposite problem, with supply shortages and energy prices propelling inflation to uncomfortably high levels. As with so many trends, good and bad, America leads. Last week financial markets were shaken by news that US inflation had risen to 6.2%, the highest level in 30 years.

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Posted on 15/11/2021

O worker, where art thou?


A New Winter of Discontent? Join us for a Deloitte Academy webinar where I’ll be discussing with Deloitte specialists, Raoul Ruparel and Jurga McCluskey, and Jaguar Land Rover’s finance director, Chris Tye, whether rising inflation, supply bottlenecks and labour shortages presage a new Winter of Discontent – and what organisations can do about it.
Timing: Wednesday, 24 November 2021, 08:30-10:00 GMT
Register at: https://deloitte.zoom.us/webinar/register/WN_oJT4MeihSA6gSlgBFHVAKw

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Posted on 08/11/2021

From neo-liberalism to neo-statism


Last week’s UK Budget was one of the most consequential of recent decades. The small state, low tax approach of successive Conservative chancellors has gone into reverse. This is a policy choice, not something forced on the government by the demands of the pandemic. The government has made a decision to opt for a bigger state funded by raising taxes’ share of GDP to the highest levels since the post-war Atlee government.

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Posted on 01/11/2021

The ripple effects of electric vehicles


Mass adoption of new technologies creates ripple effects across economies and societies, often in unexpected ways. British time had to be standardised across the country in the early nineteenth century to create national timetables. The car paved the way for America’s population to shift from cities to the new suburbs. Standardised shipping containers collapsed freight costs and helped spur the globalisation of the last half century.

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Posted on 25/10/2021

Investment is the focus


Deloitte’s latest survey of UK Chief Financial Officers, released overnight, shines light on the plans of Britain’s largest corporates. The full report is available at:

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Posted on 18/10/2021

Liquidity and change drive M&A

The return of risk appetite to the boardroom, boosted by vaccine rollouts and strong growth over the summer, has led to a surge in global mergers and acquisitions activity. Around $4tn of deals have been announced since the start of the year, putting 2021 on track to break the previous record set shortly before the financial crisis (strong though these numbers are, the volume of activity, if adjusted for growth in equity values, is below the previous peak).

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Posted on 11/10/2021