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”

Back Issues of the West Midlands Weekly Economic Impact Monitor

WM REDI has been tasked with providing an up to date monitor of the current COVID-19 economic impacts, on a weekly basis. These reports will help regional partners to shape responses and interventions to boost the region’s resilience so that it can thrive going forward. Each week the focus of the report is based on … Continue reading “Back Issues of the West Midlands Weekly Economic Impact Monitor”

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 – 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”

West Midlands Weekly Economic Impact Monitor – 29th January 2021

Whilst many countries start to roll back some of their Covid-19 restrictions and are seeing consumer spend bounce back, the UK is still under lockdown conditions. This week the UK reached a bleak milestone, with the total number of Covid-19 deaths reaching 100,000. This makes the UK the fifth country and first in Europe to … Continue reading “West Midlands Weekly Economic Impact Monitor – 29th January 2021”