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”
Tag: West Midlands Economic Impact Monitor
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”
West Midlands Weekly Economic Impact Monitor – 22nd January 2021
This week we have seen significant changes in the USA with the inauguration of the 46th President; this could signal changing relationships which are yet to be understood. The current lockdown is adding uncertainty to business planning and forecasting, the impacts of the new EU trade deal are continuing to unfold, resulting in demonstrations by … Continue reading “West Midlands Weekly Economic Impact Monitor – 22nd January 2021”
West Midlands Weekly Economic Impact Monitor – 15th January 2021
This week we have seen continuing unrest in the USA as the administration changes, increasing infection rates globally and turmoil as Brexit impacts continue to unfold in the short-term. Below is a summary of the key issues this week which influence and shape the policy issues in the region. In the USA thousands of Trump … Continue reading “West Midlands Weekly Economic Impact Monitor – 15th January 2021”
West Midlands Weekly Economic Impact Monitor – 8th January 2021
As 2021 begins, the world is faced with promise and peril according to Deloitte. They note that on the positive side, the distribution of vaccines is underway, offering the promise that, sometime later in the year, the negative impact of the virus could ultimately abate. On the negative side, they highlight the virus continues to … Continue reading “West Midlands Weekly Economic Impact Monitor – 8th January 2021”
West Midlands Weekly Economic Impact Monitor – 18th December 2020
Welcome to the final monitor of 2020. The monitor was established at the start of the pandemic to look at the impacts as they unfolded and to bring together any available information from across partners. We had not envisaged at the start that this would still be needed thirty-nine weeks later. The WM REDI partners … Continue reading “West Midlands Weekly Economic Impact Monitor – 18th December 2020”