With the devastation caused by war in Ukraine continuing, Russia has halted gas exports to Poland and Bulgaria in what has been termed a strategy of ‘energy blackmail’. Many European countries are working to reduce dependence on gas from Russia. Awareness of supply pressures on certain goods, notably cooking oil, is becoming more apparent with … Continue reading “West Midlands Economic Impact Monitor- 29 April 2022”
Category: West Midlands Economic Impact Monitor
West Midlands Economic Impact Monitor – 14 April 2022
COVID-19 cases have been rising. In England, the percentage of people testing positive for COVID-19 remained high in the week ending 2 April 2022; ONS estimate that 4,141,600 people in England had COVID-19 equating to 7.60% of the population, which is about 1 in 13 people, but deaths still remain low. This level of illness … Continue reading “West Midlands Economic Impact Monitor – 14 April 2022”
West Midlands Economic Impact Monitor – 1 April 2022
It is now two years since the beginning of the pandemic, and the Global Economy is being rocked by another severe shock. The Russian invasion of Ukraine is foremost a human tragedy and a reminder of the terrible costs of war and the immense and immeasurable consequences for those who are caught up in them. … Continue reading “West Midlands Economic Impact Monitor – 1 April 2022”
West Midlands Economic Impact Monitor – 18 March 2022
In the last fortnight we have seen considerable world turmoil, war in Eastern Europe, sanctions on Russia, further weakening of supply chains and escalating prices which are putting considerable stress on people and businesses. Whilst Covid-19 is still also in our midst, upheaval and migration could create greater risks of infection growth. However, it is … Continue reading “West Midlands Economic Impact Monitor – 18 March 2022”
West Midlands Economic Impact Monitor – 4 March 2022
This week, the news has been dominated by developments in Ukraine, and this has affected the data and research published on general economic conditions. Many forecasters and now reviewing their forecasts given the unfolding situation across Europe, and its wider impacts on the global economy. Once again this has flagged how interrelated countries are and … Continue reading “West Midlands Economic Impact Monitor – 4 March 2022”
West Midlands Economic Impact Monitor – 18 February 2022
This week commentary has focused on the Levelling Up White Paper, and the WMCA forecast provider Oxford Economics’ latest summary looks at the impact on UK cities and regions. Their assessment is: “The Levelling Up White Paper contains nothing to cause us to revise our forecasts for the UK’s various nations and regions, let alone … Continue reading “West Midlands Economic Impact Monitor – 18 February 2022”
West Midlands Economic Impact Monitor – 4 February 2022
The long-awaited Levelling Up White Paper was published on 2 February, setting out 12 missions: living standards, R&D, transport infrastructure, digital connectivity, education, skills, health, well-being, pride in place, housing, crime and local leadership. Domestically, ‘partygate’ has been dominating the news agenda: on 31 January the Cabinet Office published Sue Gray’s Update Report on the … Continue reading “West Midlands Economic Impact Monitor – 4 February 2022”
West Midlands Economic Impact Monitor – 21 January 2022
Infection rates from the Omicron variant remain high but are falling. On 19 January it was announced that England’s Plan B measures would end from 27 January, with use of mandatory face coverings in public places and Covid passports both discontinued, while the advice for people to work from home has been dropped with immediate … Continue reading “West Midlands Economic Impact Monitor – 21 January 2022”
West Midlands Economic Impact Monitor – 7 January 2022
This week we have seen infections from the Omicron variant rise to new highs. Plan B restrictions remain in place and the NHS and other frontline services are under strain. The hospitality and live events sectors have lost crucial income over the Christmas and New Year trading period. Concerns about inflation continue, including as a … Continue reading “West Midlands Economic Impact Monitor – 7 January 2022”
West Midlands Economic Impact Monitor – 10 December 2021
This week we see the rise of the new variant of Covid-19 which could be set to slow economic recovery down. Omicron developed in southern Africa and has now spread worldwide. New restrictions are emerging in many countries. This is leading to mass protests and in some cases violence, as citizens see this as an … Continue reading “West Midlands Economic Impact Monitor – 10 December 2021”