West Midlands Weekly Economic Impact Monitor – 30th April 2021

Following the easing of lockdown key indicators are showing the start of a return to normal. Footfall statistics indicate that people are more comfortable with leaving home, but the majority of people still feel the pandemic is having a worrying effect on their lives. The latest skills data shows a significant improvement; however, this should … Continue reading “West Midlands Weekly Economic Impact Monitor – 30th April 2021”

West Midlands Weekly Economic Impact Monitor – 16th April 2021

The latest GDP figures indicate the scale of recovery required as service businesses, including shops, restaurants and hairdressers, begin to re-open their doors this week. However, unlike the recessions of the past, many jobs have been retained (due to furlough and other government schemes), and as lockdowns are in place, many individuals have saved up … Continue reading “West Midlands Weekly Economic Impact Monitor – 16th April 2021”

West Midlands Weekly Economic Impact Monitor – 26th March 2021

This week, the Office for National Statistics (ONS) reported that productivity grew at the fastest rate on record in the middle of 2020 when compared with the quarter before, but this fell away again in the last three months of the year. This was mainly because the least productive industries were those hardest hit by … Continue reading “West Midlands Weekly Economic Impact Monitor – 26th March 2021”

West Midlands Weekly Economic Impact Monitor – 19th March 2021

This week it good to highlight the vaccine rollout continues at pace. The Midlands has successfully vaccinated 3,358,909 people with the first dose of the vaccine and 95,203 of these individuals have received the second dose. The Midlands has successfully continued to provide the most doses of the first jab and has remained the 3rd … Continue reading “West Midlands Weekly Economic Impact Monitor – 19th March 2021”

West Midlands Weekly Economic Impact Monitor – 12th March 2021

On Monday it was International Women’s day and it has been found that a year on from the onset of the Covid-19 pandemic, women have suffered the impacts more than their male counterparts. The Women’s Budget group released their ‘Women and employment during Covid-19 report’. The report found that: Women are the majority of employees … Continue reading “West Midlands Weekly Economic Impact Monitor – 12th March 2021”

West Midlands Weekly Economic Impact Monitor – 5th March 2021

It is Budget week and Chancellor of the Exchequer Rishi Sunak presented HMG’s Budget 2021 to the House of Commons on 3 March 2021. The Chancellor outlined measures in the Government’s Build back better: our plan for growth budget aimed at supporting jobs and businesses and stabilizing public finances. Budget summary: Business: £126m to fund … Continue reading “West Midlands Weekly Economic Impact Monitor – 5th March 2021”

West Midlands Weekly Economic Impact Monitor – 26th February 2021

This week the Prime Minister announced a roadmap out of the Covid-19 lockdown which has been welcomed broadly by businesses. It provides some degree of clarity. However, in the immediate term issues persist – particularly for industries unable to open as normal. One local Growth Hub has received a months’ worth of calls, webchats, emails … Continue reading “West Midlands Weekly Economic Impact Monitor – 26th February 2021”

West Midlands Weekly Economic Impact Monitor – 19th February 2021

This week we continue to see the success of vaccine rollout. The Midlands has successfully provided the most 1st and 2nd doses of the vaccines out of any region in England, which is particularly important given the region has the highest reported hospital admissions. The region has recently published its Digital roadmap – research carried … Continue reading “West Midlands Weekly Economic Impact Monitor – 19th February 2021”

West Midlands Weekly Economic Impact Monitor – 12th February 2021

This week the impacts of EU exit and transition continue to unfold in the news, and the UK and regional PMI has gone back into contraction. As predicted by many forecasters, the ongoing lockdown continues to have a negative impact on the economy, but there are some good news stories in the region with £20 … Continue reading “West Midlands Weekly Economic Impact Monitor – 12th February 2021”

West Midlands Weekly Economic Impact Monitor – 5th February 2021

This week there is continuing unrest across the world, as political and social changes are affecting world politics. Make UK highlights that manufacturing is still suffering since exiting the EU and there are key issues with barriers to trade. The World Economic Forum states this week that while no nation has emerged unscathed from the … Continue reading “West Midlands Weekly Economic Impact Monitor – 5th February 2021”