The latest edition of REDI-Updates is out now – providing expert data insights and clear policy guidance. In this edition, the WMREDI team investigates what factors are contributing to the cost-of-living crisis and the impact it is having on households, businesses, public services and the third sector. We also look at how the crisis in … Continue reading “REDI-Updates: Cost-Of-Living Crisis – The Impact of the Crisis and the Supply-Side Failures Driving It”
Category: Economics
The UK Regional Economy and the Uneven Impacts of Brexit
Donald Houston and Iain Docherty highlight that insufficient attention has been paid to the regional implications of economic policy choices such as Brexit, which has hampered efforts to address place-based inequalities. This blog was originally posted on the UK in a Changing Europe website. For almost a century, the UK policy system has – with … Continue reading “The UK Regional Economy and the Uneven Impacts of Brexit”
It’s the Pandemic, Stupid. Understanding Rising Economic Inactivity in the UK.
Donald Houston discusses research undertaken with colleagues at the ONS on economic inactivity in the UK. This blog is part of a series looking at the UK Labour Market. See also: – Why are the Over-50s Leaving the Workforce?- Labour Market Flows and Future Participation Flows – What Are the Current Challenges in the UK … Continue reading “It’s the Pandemic, Stupid. Understanding Rising Economic Inactivity in the UK.”
What Makes a Cluster and Who (and Where) Benefits?
Policymakers are once again focused on the potential of clusters to boost regional growth. However, as James Davies and Simon Collinson demonstrate, a cluster’s contribution to growth can cross regional, national or even continental boundaries. Policymakers, consultants and academics have focused on the potential of clusters to contribute to regional economic growth for a long … Continue reading “What Makes a Cluster and Who (and Where) Benefits?”
Estimating the Impact of an Innovation Accelerator
Innovation accelerators are part of the government’s strategy for levelling up regions outside of London and the South East by supporting place-based research, development and innovation activity. City REDI’s Kelvin Humphrey and The Economic Intelligence Unit’s Charlie Hopkirk take a look at the challenges in modelling the potential impact of the accelerators. The Levelling Up … Continue reading “Estimating the Impact of an Innovation Accelerator”
Screen Skills, Shortages and Silicon Spa
Dr James Davies and Dr Matt Lyons discuss how we can solve the creative skills shortage in the West Midlands. This blog and research is part of a project for the Creative Industries Policy and Evidence Centre. The phenomenon of skills shortages in the creative industries is well-known in the academic literature and policy debates. … Continue reading “Screen Skills, Shortages and Silicon Spa”
The Spring Budget 2023: What Does it Mean for the West Midlands?
On 15th March, the government released its Spring Budget. Alice Pugh and Maryna Ramcharan examine the budget’s impact on the West Midlands. The key announcements from the budget and initial analysis can be seen here. This budget is the first budget since the turmoil of the autumn ‘mini budget’ 2022 and the second autumn budget … Continue reading “The Spring Budget 2023: What Does it Mean for the West Midlands?”
The Poorest UK Households are Hit Hardest by the Highest Rate of Firm Failure
With bankruptcies on the rise in the UK, Simon Collinson, Matt Lyons and Huanjia Ma look at the impact of firm failure on the economy, employment and households. Data released by the Insolvency Service at the end of January shows that firm insolvencies, or bankruptcies, in England and Wales reached the highest level since 2009. … Continue reading “The Poorest UK Households are Hit Hardest by the Highest Rate of Firm Failure”
Key Announcements From the Spring Statement 2023
Wednesday 15th March 2023 was Budget Day. Jeremy Hunt delivered his first spring budget, and first major economic policy reveals since the revoking of policies outlined in Liz Truss’ mini-budget in September 2022. Alice Pugh and Hannes Read take a look at some of the key announcements from the budget. OBR Forecasts for the economy … Continue reading “Key Announcements From the Spring Statement 2023”
Changing Labour Market Participation of People Aged 50 Years and Over
Anne Green looks at the changing economic activity of the over-50s in the UK labour market and what policy implications this creates. This blog is part of a series looking at the UK Labour Market. See also: – Why are the Over-50s Leaving the Workforce?- Labour Market Flows and Future Participation Flows – What Are … Continue reading “Changing Labour Market Participation of People Aged 50 Years and Over”