Alice Pugh looks at the impact of the Autumn Budget on households, businesses and public services. View Alice’s previous blog on this topic – Key Announcements Autumn Statement 2023 Household Impact The Institute for Fiscal Studies (IFS) has found that the changes to National Insurance Contributions (NICs) for employees and the self-employed, will only give … Continue reading “The Autumn Statement 2023: The Impacts”
Tag: Business
The Wider Socio-Economic Impacts of Firm Insolvencies
2022 saw the largest number of firm insolvencies (bankruptcies) since 2009 in England and Wales. Professor Simon Collinson, Dr Huanjia Ma and Dr Matt Lyons discuss the impact of this on the Birmingham city-region. In 2022 we saw the largest number of firm insolvencies (bankruptcies) since 2009 in England and Wales. Building on previous analysis … Continue reading “The Wider Socio-Economic Impacts of Firm Insolvencies”
Innovation Policy: The Role of Universities, Priority Sectors and Micro-enterprises
Juliane Schwarz discusses the potential impacts of prioritising certain sectors over others and how universities can play a role in active industrial policy. Juliane also looks at the role of small and micro businesses in our economy and how they can be better supported. In her letter to the Financial Times, the Vice-Provost of Research … Continue reading “Innovation Policy: The Role of Universities, Priority Sectors and Micro-enterprises”
REDI-Updates: The Impact of Rising Prices on Businesses
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: The Impact of Rising Prices on Businesses”
West Midlands Economic Impact Monitor – 3 August 2023
While in the UK July 2023 has not seen anything close to the all-time temperature record of 40.3°C set on 19th July 2022, over the last month extreme weather has dominated international news headlines, with record high temperatures in the southern part of the USA and in southern Europe in particular and flooding in parts … Continue reading “West Midlands Economic Impact Monitor – 3 August 2023”
The Impact of Economic Events on Ethnic Minority-Led Business in Birmingham
Neelam Afzal discusses the importance of ethnic minority-led businesses for the economy of Birmingham and the UK, but how these businesses are often detached from mainstream business support and struggle disproportionally when accessing finance. This blog post was produced for inclusion in the Birmingham Economic Review for 2022. The annual Birmingham Economic Review is produced … Continue reading “The Impact of Economic Events on Ethnic Minority-Led Business in Birmingham”
West Midlands Impact Monitor – 27th April 2023
This month US President Joe Biden has announced he will run for re-election in 2024, seeking a second Presidential term. War has returned to Sudan, potentially leading to a greater humanitarian crisis in the region. Overall key features of the economic outlook remain the cost of living crisis and inflation. Economy Latest data shows there … Continue reading “West Midlands Impact Monitor – 27th April 2023”
West Midlands Impact Monitor – 6 April 2023
This is the 100th edition of the Monitor! The first one was published in late March 2020. At that time, PMI (Purchasing Managers Index) had dropped to 37.1, 1 in 3 businesses had closed due to regulation, Jaguar Land Rover had shut its production plants, and the numbers of calls for business support were increasing … Continue reading “West Midlands Impact Monitor – 6 April 2023”
West Midlands Economic Impact Monitor – 25 November 2022
This fortnight we saw another budget announcement, which has highlighted the global and national economic situation post pandemic and makes it difficult to read, we have a full summary of activities and an assessment of some of the implications for the region. PMI is reflecting the low current business confidence, as energy prices rise, and … Continue reading “West Midlands Economic Impact Monitor – 25 November 2022”
Megatrends in the West Midlands – Future Business District Podcast
What are megatrends? Megatrends are major movements, patterns or trends that have a transformative impact on the economy, business, society, cultures and personal lives. In a series of podcasts, City-REDI / WMREDI, University of Birmingham examines the impacts of megatrends in the West Midlands, by speaking to a series of experts from the region. In … Continue reading “Megatrends in the West Midlands – Future Business District Podcast”