Special topics in The Monday Briefing

CFO optimism reaches record levels


Our latest UK Chief Financial Officers Survey, released overnight, shines light on the plans of Britain’s largest corporates as the economy reopens. The full report is available at: https://www2.deloitte.com/uk/en/pages/finance/articles/deloitte-cfo-survey.html

This is a remarkably upbeat survey, the most consistently positive of any since we started to survey CFOs in 2007.

Optimism among Chief Financial Officers (CFOs) has risen to the highest level in the 13-year history of the CFO Survey, far surpassing previous peaks seen after the global financial crisis and in the wake of the December 2019 general election.

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Posted on 12/04/2021

Vaccinations and future waves – are we out of the woods?


In the UK things are looking up on the health and economic fronts. COVID-19 cases, hospitalisations and deaths have fallen sharply from their January peaks. For two consecutive weeks, the number of deaths from all causes in England and Wales has been below the five-year average. On 28 March zero COVID-19 deaths were reported in London.

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Posted on 06/04/2021

How fiscal policy can save the planet


Join Deloitte CEO Richard Houston and me as we examine economic and business prospects beyond the pandemic in our Spring webinar tomorrow, Tuesday, 30 March, 14:30–15:30 BST. To register please visit:

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Posted on 29/03/2021

The pandemic baby bust


The COVID-19 pandemic appears to have caused a baby bust. Nine months on from the start of the pandemic there has been a sharp decline in births.

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Posted on 22/03/2021

Spring Budget 2021

Rarely has there been more uncertainty regarding the course of the public finances over the next five years. In this note we aim to answer some of the big questions for the economy in light of the 2021 budget.

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Posted on 15/03/2021

Public spending, debt and inflation: what’s next?


Join me for our Spring economic update webinar on Tuesday, 30 March, 14:30–15:30 GMT. To register please visit: https://event.webcasts.com/starthere.jsp?ei=1440317&tp_key=533939db50

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Posted on 15/03/2021

Universal Basic Income - Has its time come?


Join our next fortnightly COVID-19 webinar on Thursday, 11 March, at 13:00 GMT where Ian Stewart and Karen Taylor will give the latest public health and economic updates. Our guest will be Sir Howard Bernstein, strategic advisor, Deloitte and former chief executive of Manchester City Council and former head of Paid Service for the Greater Manchester Combined Authority. Sir Howard will offer his perspective on the challenges and opportunities of the UK government's 'levelling up' agenda and how it might impact economic outlook for the regions and the UK.

Register here: https://event.webcasts.com/starthere.jsp?ei=1365454&tp_key=8f4d835e66&sti=mmb

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Posted on 08/03/2021

Levelling up, from slogan to action


When he became prime minister in July 2019 Boris Johnson brought with him a new priority in the form of ‘levelling up’. It’s an old idea and an enduring political concern, one that, getting on for a hundred years, has gone by the name of regional policy. A growing focus on inequalities of income, health and opportunity across Britain has brought regional policy back to the fore. The Conservative’s 2019 general election success in Labour ‘red wall’ seats in the North, the Midlands, Yorkshire and Wales, has lent political weight to the cause. And in the last year the pandemic has added a new dimension to regional inequalities. Levelling up’s time has arrived.

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Posted on 01/03/2021

In search of Goldilocks inflation


Join our next fortnightly COVID-19 webinar this Thursday, 25 February, at 13:00 GMT when we will examine the latest public health and economic data and look at how the pandemic is likely to accelerate the adoption of technology.
Please register here: https://event.webcasts.com/starthere.jsp?ei=1365454&tp_key=8f4d835e66&sti=mmb.

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Posted on 22/02/2021

UK GDP in 2020 – bad, but not quite as bad as it looks


It says something about the world we’re in that a 9.9% contraction in the UK economy in 2020 is seen as good news by economists. But with the economy expanding by a healthy 1.0% in the fourth quarter of last year, despite November’s lockdown, GDP ended up shrinking slightly less in 2020 than had been feared.

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Posted on 15/02/2021