News Tag: National Institute of Economic and Social Research
March 10, 2010
According to leading economic think tank, the National Institute of Economic and Social Research (NIESR), the UK economy grew by 0.3% in the December to February period and has expanded by 0.7% since last September's slump.
The NIESR’s latest predictions come just a few weeks after the Office for National Statistics (ONS) revealed the UK economy saw growth of 0.3% in the ...
Think tank provides UK growth forecasts
by Kay Murchie
February 11, 2010
The Office for National Statistics (ONS) revealed UK factory output grew more than expected in December, boosting hopes of an upward revision to the initial estimate of fourth quarter GDP figures.
According to the ONS, output increased by 0.9% in December after strong gains in the transport, paper and publishing and electrical and optical equipment sectors.
Meanwhile, the broader measure of industrial ...
UK factory output sees strong December growth
by Kay Murchie
February 3, 2010
A report by the Institute for Fiscal Studies (IFS) has said the Government needs to be ambitious in tackling the public finances but warned that economic recovery should not be put at "undue risk".
The Institute believes an extra £13 billion in tax hikes or spending cuts is required by 2015-16 in order to repair ...
IFS issues caution to Government in its quest to repair public finances
by Kay Murchie
Think tank warns Government to control spending
by Kay Murchie
January 14, 2010
Industry body, the EEF, has warned that UK manufacturers believe it will be 2011 before the industry returns to pre-recession levels.
It was recently announced that manufacturing output remained flat for a second consecutive month in November.
On an annual basis, manufacturing output declined by 5.4%, according to the Office for National Statistics (ONS).
The recession-hit sector has been struggling to see a ...
UK manufacturers warn recovery will be slow
by Kay Murchie
Think tank sees Q4 growth of 0.4%
by Kay Murchie
October 21, 2009
According to influential think tank, the National Institute of Economic and Social Research (NIESR), the UK’s out of control debt will result in tax hikes, cuts in spending and a rise in the retirement age.
The NIESR believes that the build up of Government debt could reach 93% of GDP by 2015. UK debt is currently the ...
UK’s debt levels will result in tax and retirement age increases
by Kay Murchie
September 8, 2009
Influential think tank, the National Institute of Economic and Social Research (NIESR) said today that Gross Domestic Product (GDP) grew 0.2% in the third quarter after a 0.3% fall in the April to June period.
The NIESR specialises in estimating GDP prior to the release of figures from the Office for National Statistics.
However, while the Institute said the figures reinforced its ...
NIESR warns of period of stagnation
by Kay Murchie
July 24, 2009
The National Institute of Economic and Social Research is predicting that the UK housing market will only return to growth in 2012.
The forecast, from Britain's oldest independent economic research body, assumes that recent reports of "green shoots" are purely down to a lack of properties for sale, and will be short-lived.
With mortgage approvals for house buyers having plummeted 40% on a ...
Housing market to slump until 2012
by Gill Montia
July 22, 2009
The National Institute of Economic and Social Research (NIESR) is joining many other leading think tanks by forecasting a slow recovery in the UK.
The research body is expecting total UK Gross Domestic Product (GDP) to fall 4.3% this year before experiencing modest growth of 1% next year and 1.8% the year after.
The forecasts are far more pessimistic than those issued ...
NIESR provides pessimistic outlook for UK economy
by Kay Murchie
July 7, 2009
The Office for National Statistics (ONS) today revealed a fall in British manufacturing output.
According to the ONS, manufacturing output fell 0.5% in May compared with April. Analysts had forecast a fall of 0.2%.
Meanwhile, on an annualised basis, output in May was down 12.7%, while market expectations had been for an annual drop of 11.8%.
The weak industrial output data has led ...
British manufacturing output falls unexpectedly in May
by Kay Murchie
NIESR report dashes hopes of a imminent recovery in the UK
by Kay Murchie
June 15, 2009
Britain's largest employers' group, the CBI, has warned today that even though Britain’s economy is showing signs of stability, recovery will not be until early 2010.
According to the organisation, the economy will shrink by 3.9% over the course of this year before seeing a return to growth of 0.7% in 2010.
CBI director general Richard Lambert comments: "The ...
UK economy stabilising but recovery will be slow warns CBI
by Kay Murchie
June 14, 2009
At a meeting in Italy yesterday for the Group of Eight (G8) industrialised nations, it was acknowledged that there are signs of stabilisation in the world’s leading economies.
G8 ministers said stock markets were rising, interest rates more stable, and consumer confidence was returning.
However, finance ministers reluctantly admitted that the global situation still "remains uncertain” and the ...
G8 nations acknowledge signs of stability in world’s largest economies
by Kay Murchie
June 11, 2009
With suggestions that the UK recession may be coming to an end, sterling hit a 2009 high against the euro today.
According to Reuters, sterling rose to 85.10 pence against the euro - its best performance since December.
Sterling was also up against the US dollar, rising one cent to $1.6429.
Sterling has been boosted by a number ...
Pound hits 2009 high against euro as good news filters through economy
by Kay Murchie
June 10, 2009
The National Institute of Economic and Social Research (NIESR), the respected think tank, said the British economy is seeing signs of stability after the recent flurry of positive data.
According to the NIESR, the economy grew in May by 0.1% and follows a similar rise in the previous month and was the first growth in a year.
If the NIESR forecasts prove ...
Recent data indicates UK economy is stabilising
by Kay Murchie
May 6, 2009
The National Institute of Economic and Social Research (NIESR), an economic thinktank, is forecasting that the UK economy will contract by 4.3% this year, then grow by 0.9% in 2010.
According to the NIESR, the current recession in the UK could be the worst since the early 1930s with "a real possibility that GDP could fall more this year than in 1931."
In ...
NIESR predicting worst recession since 1930s
by Kay Murchie
April 8, 2009
The influential think tank, National Institute of Economic and Social Research (NIESR), said that the current economic downturn is following a similar path to that of the early 1980s slowdown.
While the figures have not yet reached those of the recession in the 1980s, the current economic decline is "very similar” to the one which started in 1979, according to the ...
Think tank predicts 2012 for UK recovery
by Kay Murchie
February 5, 2009
As widely expected, the Bank of England’s Monetary Policy Committee (MPC) has cut interest rates half a percentage point to a new record low of 1%, in a bid to fight off a prolonged recession.
The cut comes just two weeks after official figures confirmed the UK had entered a recession.
Aggressive cuts have been made to the base rate ...
UK interest rates at new record low of 1%
by Kay Murchie
February 4, 2009
An influential think tank believes that a cut in interest rates this week would not benefit the economy but said other moves such as the Bank of England purchasing corporate bonds would be better.
The Bank of England’s Monetary Policy Committee begins its two-day rate setting meeting today and has aggressively cut rates since October last year when rates ...
Think tank believes rate cut this week is ‘pointless’
by Kay Murchie
