Search Results for: economic

Working from home means official government stats are too flawed for economic forecasting

Working from home means official government stats are too flawed for economic forecasting

by • Flexible working, News

A new independent review has sharply criticised the Office for National Statistics (ONS), warning that widespread working from home is undermining the quality of UK economic dataA new independent review has sharply criticised the Office for National Statistics (ONS), warning that widespread working from home is undermining the quality of UK economic data, according to a report in The Daily Telegraph. The review, led by Sir Robert Devereux, a former senior civil servant, highlights how current working practices are weakening the agency’s ability to deliver accurate and timely statistics. Despite mounting concerns, many ONS staff continue to work from home full-time, with internal resistance to returning to office-based routines. (more…)

Mayors in the North of England launch ‘The Great North’ to drive economic growth and investment

Mayors in the North of England launch ‘The Great North’ to drive economic growth and investment

by • News, Property

A new partnership known as The Great North has been launched by mayors in the North of England to drive economic growth and investmentA new cross-regional partnership known as The Great North has been launched by the metropolitan mayors in the North of England, aiming to unlock economic growth, create jobs, and attract investment across the region. The initiative was unveiled at the UK Real Estate Investment & Infrastructure Forum (UKREiiF) in Leeds, and marks what its founders call a new era of collaboration and locally driven prosperity. Chaired by North East Mayor Kim McGuinness and supported by the UK Government, the body brings together northern leaders to focus on shared priorities such as clean energy, advanced manufacturing, defence, and the creative industries. The initiative has been endorsed by Deputy Prime Minister Angela Rayner, who described it as central to the government’s ambition to shift power from Whitehall into the hands of local communities. (more…)

Businesses are cautiously optimistic despite economic and technological uncertainty

Businesses are cautiously optimistic despite economic and technological uncertainty

by • Business, News

Nearly three-in-five businesses optimistic about global economic outlook as they plan headcount increases and continued AI rolloutAlmost 60 percent of CEOs around the world expect global economic growth to increase over the next 12 months, according to PwC’s 28th Annual Global CEO Survey, launched during today’s World Economic Forum Annual Meeting. The report, which surveyed 4,701 CEOs across 109 countries and territories, also finds that 42 percent of businesses expect to increase headcount by 5 percent or more in the next 12 months – more than double the proportion who expect headcount decreases (17 percent), and up from 39 percent last year. The percentage is highest (48 percent) among smaller companies (less than US$100 million) and those in the technology (61 percent), real estate (61 percent), private equity (52 percent) and pharma and life sciences (51 percent) sectors. (more…)

Economic and political uncertainty continue to dampen commercial property market sentiment

Economic and political uncertainty continue to dampen commercial property market sentiment

by • News, Property

The outlook for the European commercial property market is cautiously optimistic despite growing geopolitical uncertainty and concerns about economic growthThe outlook for the European commercial property market is cautiously optimistic despite growing geopolitical uncertainty and concerns about economic growth, with London, Madrid and Paris emerging as the standout performers, according to a new report by PwC and the Urban Land Institute (ULI). The report – Emerging Trends in Real Estate Europe 2025 outlines how market players believe ‘a new normal’ is emerging as valuations have come down and interest rates regain some level of predictability in a market characterised by higher inflation and interest rates, and geopolitical and economic uncertainties. This led to more than 80 percent of survey respondents expecting business confidence and profits to stay the same or rise in 2025, with around half predicting increases in both. (more…)

A new approach is needed to tackle ill health and economic inactivity, report argues

A new approach is needed to tackle ill health and economic inactivity, report argues

by • News, Wellbeing

A ‘whole-of-government approach’ is needed to tackle the causes of ill health, increase economic activity and reduce NHS demandA ‘whole-of-government approach’ is needed to tackle the causes of ill health, increase economic activity and reduce NHS demand, a new report from the NHS Confederation and Boston Consulting Group claims. According to the report, “Improving our Nation’s Health: A Whole-of-Government Approach to Tackling the Causes of Long-Term Sickness and Economic Inactivity”, reintegrating between half and three-quarters of people who have dropped out of the workforce for reasons of ill health since 2020 could deliver an estimated £109-177 billion boost to the UK’s GDP (2-3 per cent in 2029) and unlock £35-57 billion in fiscal revenue over the next five years. (more…)

Greater support for public health professionals could reap huge economic benefits

Greater support for public health professionals could reap huge economic benefits

by • News, Wellbeing

Millions of people in the public health workforce could help reduce ill health in the UK, new report finds The Royal Society for Public Health has today published a new report calling for greater collective support for the millions of people in the UK workforce that are positively contributing to the nation’s health. The report argues that there are up to 1.5 million people working across a huge range of occupations who, with the right training and support, have the potential to help produce better health outcomes, reduce pressure on the NHS and grow the economy. (more…)

Report links economic growth with the idea of ‘good work’

Report links economic growth with the idea of ‘good work’

by • News, Wellbeing, Workplace

CIPD sets out core themes for skilled, fair and healthy good work that should underpin a new workforce strategy for the next UK GovernmentIn advance of the main party conferences, the CIPD is calling for the next UK Government to develop a long-term workforce strategy to underpin a broader, bolder vision for economic growth. This is a central message in its new ‘Manifesto for Good Work’ which outlines the public policy changes needed to address the UK’s multiple challenges, for all the main UK political parties. These challenges include stagnating productivity, rising skills shortages and our ageing working population. (more…)

Bolder strategy needed to boost productivity and economic growth

Bolder strategy needed to boost productivity and economic growth

by • News, Workplace

The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy.The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy. This is the central conclusion of a new CIPD discussion paper, An industrial strategy for the everyday economy, which says a bolder vision for economic growth, looking across all sectors and areas of the economy, is needed considering the multiple challenges facing the UK. (more…)

Unintended economic consequences of remote working becoming evident

Unintended economic consequences of remote working becoming evident

by • Flexible working, News

New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’, according to a new report from the Centre for Cities. However, recovery has stalled in 2023 and the report, London, Office politics: London and the rise of home working, co-authored with Professor Dan Graham and his colleagues from Imperial College and published in partnership with EC BID, addresses the possible economic risks of businesses adopting hybrid working permanently. (more…)

Growth in self-employment a good sign of economic recovery

Growth in self-employment a good sign of economic recovery

by • News, Workplace

IPSE (the Association of Independent Professionals and the Self-Employed) has welcomed new figures from the Office for National Statistics (ONS) showing year-on-year growth in self-employmentIPSE (the Association of Independent Professionals and the Self-Employed) has welcomed new figures from the Office for National Statistics (ONS) showing year-on-year growth in self-employment. There are 154,000 more self-employed than this time last year. In total, there are now 4.4 million operating in the UK. The data also revealed a significant rise in the number of women choosing to work for themselves, with an additional 93,000 self-employed women compared to the same time last year. (more…)

New study will explore the impact of economic turmoil on workplace experience

New study will explore the impact of economic turmoil on workplace experience

by • Flexible working, News, Wellbeing

eople's workplace experience in the wake of recent economic upheavals is to be investigated as part of a major new survey led by Cardiff UniversityPeople’s workplace experience in the wake of recent economic upheavals is to be investigated as part of a major new survey led by Cardiff University and funded mainly by the Economic and Social Research Council (ESRC). The Skills and Employment Survey 2023 (SES2023), which also involves researchers at UCL, the Universities of Oxford and Surrey and the National Centre for Social Research, will help academics assess the impact of an extraordinary period of turbulence for workers which includes the economic downturn, Cost-of-Living Crisis, Covid-19 and Brexit. (more…)

Investment in real estate upgrades stalls in face of economic and business challenges

Investment in real estate upgrades stalls in face of economic and business challenges

by • News, Property

An image of some offices to illustrate the challenges facing real estate investors Research by ULI and PwC claims that nearly half of Europe’s real estate leaders are concerned about buildings becoming obsolete in the next five years in the face of long-term upheavals in demographics, climate change, technology and lifestyles. Most of the 900 or so industry leaders that participated are making long-term resources available to address the fit-for-purpose agenda. However, the challenging business environment has reshuffled priorities to financing and high construction costs, and scarcity of resources has made real estate renewal more expensive to achieve, consequently delaying much needed investment. (more…)

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