Rishi Sunak is now UK Prime Minister. Concerns about inflation remain paramount for businesses, households and individuals. Russia has continued its targeted attack on Ukrainian energy supplies since last Monday, with an estimated 1.5m households now without electricity. Almost a third of Ukraine’s power stations and other energy-generating facilities having been destroyed in the attacks … Continue reading “West Midlands Impact Monitor – 28th October 2022”
Tag: West Midlands Economic Impact Monitor
West Midlands Impact Monitor – 14th October 2022
An interesting fact: marmalade has seen a rapid rise in sales surging by 18%, as the nation paid its respects to the Queen. Sales of supermarket own brands continue to surge in an effort to battle the cost-of living crisis. Sales of wonky fruit and vegetables have soared 38% and Lidl is the fastest growing … Continue reading “West Midlands Impact Monitor – 14th October 2022”
West Midlands Economic Impact Monitor – 30th September 2022
This week has seen an escalation of tensions in Ukraine as Russia mobilises reservists. In the UK, the domestic economic news has been dominated by the announcement of, and fall out from, a ‘mini budget’.
West Midlands Economic Impact Monitor- 16th September 2022
In a truly historic week, after reigning for 70 years, Queen Elizabeth II, the UK’s longest-serving monarch, died peacefully on 8th September. She is succeeded by King Charles III. Also, Liz Truss became the UK’s third female Prime Minister two days before the death of Her Majesty, succeeding Boris Johnson. Economy The System Average Price … Continue reading “West Midlands Economic Impact Monitor- 16th September 2022”
West Midlands Impact Monitor- 5th August 2022
This week has seen a more pessimistic growth outlook from the IMF and rising geopolitical tensions between the USA and China over Taiwan. In sporting news, the Birmingham 2022 Commonwealth Games are underway and the England women’s football team were victorious in the Euro 2022 competition. Global growth outlook The IMF has reduced their global … Continue reading “West Midlands Impact Monitor- 5th August 2022”
West Midlands Economic Impact Monitor – 24th June 2022
The latest Purchasing Managers Index has left confidence falling to a 19-month low, but some firms remained upbeat due to new product launches, marketing efforts and expansion plans to support output over the course of the coming year. Business optimism was generally restricted due to acute inflationary pressures, issues with transportation, a challenging economic climate, … Continue reading “West Midlands Economic Impact Monitor – 24th June 2022”
West Midlands Economic Impact Monitor – 10th June 2022
This fortnight the key data release is the long awaited GVA for 2020, which is the first one to reflect the impact of Covid-19. The region has kept its economy above the £100bn mark but dropped to £102bn, a decrease of 4.5% (generally across all GVA indicators the region performs poorly against the UK). This … Continue reading “West Midlands Economic Impact Monitor – 10th June 2022”
West Midlands Impact Monitor- 27th May 2022
China’s economy is slowing, the US economy is hampered by a tight jobs market and Europe is struggling with labour shortages and a cost of living crisis. In the UK the increase in energy bills is contributing to the rising cost of living, and the West Midlands has a greater proportion of households in fuel … Continue reading “West Midlands Impact Monitor- 27th May 2022”
Back Issues of the West Midlands Weekly Economic Impact Monitor
WMREDI 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 research … Continue reading “Back Issues of the West Midlands Weekly 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”