News Tag: CEBR
February 15, 2010
Leading think tank, the Centre for Economic and Business Research (CEBR), has today claimed that the recession and unemployment would have been much worse if Britain had joined the euro.
According to the think tank, if Britain had dropped the pound, the unemployment rate would be at 15% (double what it is now) and GDP might have ...
CEBR reveals what might have happened if Britain joined the euro
by Kay Murchie
February 2, 2010
The Centre for Economics and Business Research (CEBR) has revised its figure for house prices rises in 2010 and is now predicting an annual gain of over 6%.
Furthermore, the independent consultancy is expecting a 20% increase in the value of the average home by the end of 2013.
The forecast is based on continued improvements in the availability of mortgage ...
House prices up 20% by 2013 CEBR predicts
by Gill Montia
December 28, 2009
The Centre for Economics and Business Research (Cebr) has reported that while UK house price growth will moderate in 2010, a rise of between 2% and 4% can be expected.
Some commentators on the market are expecting significant house prices falls in the months ahead, but Cebr argues that this is unlikely for a number of reasons.
According to ...
Cebr predicts 2010 house price rise of up to 4%
by Gill Montia
October 21, 2009
According to the Centre for Economics and Business Research (CEBR), City bankers will receive an estimated £6 billion in bonuses for this year, compared with £4 billion for 2008.
The estimate comes despite public outrage against bonuses after a year of multi-billion pound bailouts within the banking sector.
However, the CEBR did point out that this year’s payout is far below ...
UK bank bonuses to rise despite bailouts
by Kay Murchie
October 12, 2009
The Council of Mortgage Lenders (CML) has today revealed a slight fall in the number of home loans for house purchase in August.
According to the CML, there were 53,000 new mortgages granted in August compared to 56,000 in July.
While the figure represents a 5% fall on the month, the figure represents a 30% rise when compared with August last year.
The CML ...
CML: Mortgage lending falls in August
by Kay Murchie
UK interest rates to remain at record low for medium-term
by Kay Murchie
August 10, 2009
The Centre for Economics and Business Research (CEBR) said today it expects house prices to lose a further 3% of their value during the remainder of 2009, before bottoming out and rising just 2% in 2010.
Benjamin Williamson, CEBR economist, said: "Our view is that the extent of house price falls already seen means further significant falls are unlikely."
According to the ...
CEBR: Further significant house price falls unlikely
by Kay Murchie
July 31, 2009
The Centre for Economics and Business Research (CEBR) and the TaxPayers' Alliance have joined forces to produce a doom-laden forecast for the UK economy.
A report published today highlights "the dangerous reliance of the Treasury on optimistic predictions of the future economy" and goes on to predict up to 3.8 million unemployed, in a worst case scenario.
Research backing the study ...
Economic forecasters warn of 3.8 million unemployed
by Gill Montia
July 13, 2009
The influential think tank, the Centre for Business and Economic Research (CEBR), has warned that drastic measures are needed to get the UK's budget deficit down to £50 billion by 2014/15.
The UK recorded a record budget deficit of nearly £90 billion in 2008/09.
The think tank suggested that the deficit could exceed the £150 million mark by ...
CEBR calls for major tax hikes and spending cuts
by Kay Murchie
June 22, 2009
There is bad news today with regard to UK jobs after the Centre for Economics and Business Research (CEBR) warned that 334,000 jobs will be axed across the business services sector by 2011.
The study suggests that the credit crunch and recession will result in more than half of the jobs that were created in the sector during the ...
CEBR study reveals gloomy outlook for business services sector
by Kay Murchie
May 4, 2009
The Centre for Economics and Business Research (CEBR) is predicting that UK house prices will fall by 28% from their 2007 peak, before the downturn ends.
According to the think-tank, the market will bottom out early next year, having lost a further 8%.
A period of stagnation is likely to follow, with growth returning during 2013 and the average house ...
CEBR predicts a further 8% fall in house prices
by Gill Montia
April 13, 2009
Figures from the Centre for Economics and Business Research (CEBR) have revealed that the Government’s VAT cut, implemented on December 1st, is working after it led to £2 billion of additional sales.
Douglas McWilliams, the CEBR’s chief executive, described the growth in retail spending as "remarkable" and said: "There was an immediate boost to the volume of retail sales after ...
VAT cut working as retail sales rise
by Kay Murchie
April 10, 2009
There was a time when the thought of UK house prices falling 10% would hardly have been cause for celebration.
However, credit crisis Britain will be cheered by the latest report from the Centre For Economics and Business Research (CEBR) which predicts that prices will bottom out after a further decline of 10%.
The think-tank is hopeful that a ...
A mere 10% to go on UK house price falls
by Gill Montia
February 4, 2009
The special liquidity scheme (SLS), which was set up to encourage banks and building societies to lend by allowing them to temporarily swap assets that were difficult to trade, has lent £185 billion since last April.
The scheme, set up by the Bank of England, was originally for six months only but it was extended to the end of this month ...
Bank of England lent £185bn under SLS
by Kay Murchie
February 3, 2009
The desperate need for increased mortgage lending has been highlighted by a report from the Centre for Economics and Business Research (CEBR), which is predicting that UK house prices could fall by a further 25% in 2009.
Taking into account last year's 16% decline, the forecast gives a peak-to-trough fall of 40%.
The independent consultancy is a little more optimistic ...
House prices could fall 40% without rise in lending
by Gill Montia
October 27, 2008
The Centre for Economics and Business Research (CEBR) is predicting that the average cost of a UK home will fall up to £40,000 by the end of 2009.
The independent consultancy expects the market to show signs of stability in 2010, having seen a maximum 20% decline in prices, from the market peak last summer.
Based on this assumption, the ...
UK house prices to fall by an average £40,000
by Gill Montia
August 5, 2008
The Centre for Economic and Business Research (CEBR) is predicting that house prices will begin a rapid recovery at the end of next year, rising by 30% by 2012.
Research undertaken for CEBR by Oxford Economics indicates that a shortage of homes will be the main driver behind a return to property price inflation.
In its consumer and housing prospects report, ...
House price recovery driven by shortage of homes
by Gill Montia
June 23, 2008
As the economy grinds to a virtual standstill, up to 350,000 people will lose their jobs according to a survey by the Centre for Economic and Business Research (CEBR) and the Hay Group, a management consultant.
This estimate was based on interviews with 120 bosses in charge of companies who generate annual sales of at ...
Hundreds of thousands of jobs to go as a result of economic slowdown
by Kay Murchie
