There were few new announcements in this Spring Statement, the most significant announcements have been in changes to benefits and welfare. Below sets out the government current fiscal plans and their impact following the spring statement discussed by Alice Pugh. Benefits and Welfare There have been significant changes to Personal Independence Payments (PIPs) and Universal … Continue reading “What is the anticipated impact of the Spring Statement 2025?”
Category: Economics
The Spring Statement 2025
In her first Spring Statement the Chancellor of the Exchequer has made few announcements. The Spring Statement has had few new policy and fiscal announcements; however, this is not too unusual for the Spring Statement. There will be more announcements around departmental spending in June following a spending review. Alice Pugh looks at the key … Continue reading “The Spring Statement 2025”
Is Working From Home Bad for Employees’ Productivity?
Dr Darja Reuschke explores how job satisfaction, autonomy, and commute experiences shape employee performance. Whether working from home impacts employees’ productivity and performance is not a new question, but one that has received renewed attention with media coverage of organisations asking their staff to work fully or a minimum number of days in the office. … Continue reading “Is Working From Home Bad for Employees’ Productivity?”
Key Announcements From the Autumn Budget 2024
Alice Pugh provides a breakdown of the key announcements in the first Labour budget since 2010. This budget will also be the first delivered by the first female Chancellor of the UK. OBR Economic Fiscal Outlook Today the budget economic forecasts for the next 5 years are released by the Office for Budget Responsibility (OBR). … Continue reading “Key Announcements From the Autumn Budget 2024”
Academic-Policy Engagement: A Model for Delivering Place-Based Missions?
On 23 September, the Heseltine Institute, City-REDI (City-Region Economic Development Institute), and the Yorkshire and Humber Policy Engagement and Research Network (Y-PERN) hosted a roundtable fringe event at the Labour Party conference in Liverpool to explore how universities can contribute to place growth. This blog was first posted on the Heseltine Institute blog site, by … Continue reading “Academic-Policy Engagement: A Model for Delivering Place-Based Missions?”
Project Spotlight: Socio-Economic Impact Model for the UK (SEIM-UK)
In a new series of blogs, we will be reviewing the current and historical work of City-REDI and WMREDI. In the first blog from this series, we look at SEIM-UK, an economic model that City-REDI has used to assess the economic impact of the 2022 Commonwealth Games, the impact of Council tax cuts, and help … Continue reading “Project Spotlight: Socio-Economic Impact Model for the UK (SEIM-UK)”
Tax Rises Less Regressive Than Spending Cuts – How Does the Council Financial Crisis Impact Households?
There is increasing concern about the financial viability of some local authorities with estimates by the LGA suggesting that councils in England are facing a funding gap of £4 billion. In 2023 Birmingham City Council (BCC) was served a section 114 notice. This means that effectively the council ran out of money. In short, BCC … Continue reading “Tax Rises Less Regressive Than Spending Cuts – How Does the Council Financial Crisis Impact Households?”
Vision to Legacy
Anne Green looks back at the achievements of the now-defunct Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP), summarising some of the findings from our report about the partnership – From Vision to Legacy. What were the Local Enterprise Partnerships? Local Enterprise Partnerships (LEPs) were non-statutory bodies responsible for local economic development in England, until … Continue reading “Vision to Legacy”
What Can We Learn From 20 Years of EU Funding for SME Finance? Lessons From Wales and Beyond
Drawing on findings from the Wales Business Fund evaluation, Tim Fanning and Neil Evans reflect on the lessons from attempts to address the SME finance gap in Wales and other UK regions. The SME finance gap: a key barrier to growth Gaps in access to finance for SMEs have been recognised as a market failure … Continue reading “What Can We Learn From 20 Years of EU Funding for SME Finance? Lessons From Wales and Beyond”
Cheapening Tomorrow? Revisiting HM Treasury’s Discount Rate
Calvin Jones, Professor of Economics at Cardiff Business School, critiques current discounting practices used to evaluate long-term investments, arguing that they systematically undervalue future benefits. By advocating for a revised approach that considers ecological and social factors, Calvin suggests using a lower discount rate to prioritise sustainability and equity. The future… is another country? Go find a … Continue reading “Cheapening Tomorrow? Revisiting HM Treasury’s Discount Rate”