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Tuesday 08th of February 2011

News Tag: CEBR

October 5, 2010

City bankers to receive £7bn bonuses this year

by Kay Murchie
”City
Leading think tank, the Centre for Economics and Business Research (CEBR), has unveiled City bankers will be in receipt of a bonus pot of £7.3 billion this year. The total is 4% lower than last year’s total and considerably lower than the £11 billion paid out at the height of the banking boom in 2007. However, the new super-tax means that ...



September 20, 2010

CEBR: Global economy not heading for double dip

by Kay Murchie
”CEBR:
Influential think tank, the Centre for Economics and Business Research (CEBR), has today said the world is not in danger of a double-dip recession. Despite this, it has revised its growth forecasts downwards, now predicting that the global economy will expand by 3.5% this year and 3.4% next year. Down from the 3.7% and 4.1% respectively. Other economic forecasts are ...



Moody’s: UK credit rating safe

by Kay Murchie
Moody’s: UK credit rating safe
Credit rating agency Moody's has today said the UK's top-ranked AAA credit rating is safe, as a result of the tough austerity measures, introduced by the coalition Government. Despite slower economic growth, the rating agency said the outlook for the UK's public finances remained stable. There have been fears that the tough measures, announced by Chancellor George Osborne in the emergency budget in June, ...



May 21, 2010

Cameron: “We were right not to join the euro”

by Kay Murchie
Cameron: “We were right not to join the euro”
David Cameron, Britain's new Prime Minister, has defended the former Government’s decision to keep Britain out of the euro. On his first overseas trip since becoming PM, Mr Cameron met French President, Nicolas Sarkozy, at the Elysee Palace in Paris yesterday. Today, he will travel to Germany to meet with Chancellor Angela Merkel. Mr Cameron said: "We were right not ...



February 15, 2010

CEBR reveals what might have happened if Britain joined the euro

by Kay Murchie
CEBR reveals what might have happened if Britain joined the euro
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 ...



February 2, 2010

House prices up 20% by 2013 CEBR predicts

by Gill Montia
”House
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 ...



December 28, 2009

Cebr predicts 2010 house price rise of up to 4%

by Gill Montia
”Cebr
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 ...



October 21, 2009

UK bank bonuses to rise despite bailouts

by Kay Murchie
”UK
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 ...



October 12, 2009

CML: Mortgage lending falls in August

by Kay Murchie
CML: Mortgage lending falls in August
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 ...



UK interest rates to remain at record low for medium-term

by Kay Murchie
”UK
Influential think tank, the Centre for Economics and Business Research (CEBR), believes interest rates will remain at their current historic level of 0.5% until 2011. Meanwhile, rates will not reach 2% until 2014 as a result of the severe fiscal squeeze on the UK economy which will result in tax rises and spending cuts. According to its economic forecast, ...



August 10, 2009

CEBR: Further significant house price falls unlikely

by Kay Murchie
CEBR: Further significant house price falls unlikely
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 ...



July 31, 2009

Economic forecasters warn of 3.8 million unemployed

by Gill Montia
Economic forecast warns of 3.8 million unemployed
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 ...



July 13, 2009

CEBR calls for major tax hikes and spending cuts

by Kay Murchie
”CEBR
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 ...



June 22, 2009

CEBR study reveals gloomy outlook for business services sector

by Kay Murchie
”CEBR
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 ...



May 4, 2009

CEBR predicts a further 8% fall in house prices

by Gill Montia
CEBR predicts a further 8% fall in house prices
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 ...



April 13, 2009

VAT cut working as retail sales rise

by Kay Murchie
”VAT
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 ...



April 10, 2009

A mere 10% to go on UK house price falls

by Gill Montia
A mere 10% to go on UK house price falls
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 ...



February 4, 2009

Bank of England lent £185bn under SLS

by Kay Murchie
”Bank
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 ...



February 3, 2009

House prices could fall 40% without rise in lending

by Gill Montia
House prices could fall 40% without rise in lending
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 ...



October 27, 2008

UK house prices to fall by an average £40,000

by Gill Montia
UK house prices to fall by an average £40,000
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 ...



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