Tag: National Institute of Economic and Social Research

NIESR: UK economic recovery to remain sluggish

NIESR: UK economic recovery to remain sluggish

Recovery of the UK economy is to remain sluggish, with GDP slowing to 0.2% in the June to August period, the National Institute of Economic and Social Research (NIESR) predicts. This compares with a 0.6% rate in the three months to July. The influential think tank believes if the weakness continues, the Bank of England [...]

September 8, 2011 | 0 Comments More
UK economic recovery to remain sluggish

UK economic recovery to remain sluggish

Recovery of the UK economy is to remain sluggish, with GDP growing by 1.4% in 2011 and by 2% in 2012, the National Institute of Economic and Social Research (NIESR) predicts. Growth this year will be constrained by government spending cuts and a squeeze on household finances resulting from higher taxes and rising inflation. According [...]

May 6, 2011 | 0 Comments More
NIESR estimates 0.7% growth for UK for Q1

NIESR estimates 0.7% growth for UK for Q1

Influential think tank, the National Institute of Economic and Social Research (NIESR), has today suggested the UK economy recovered in the first quarter of the year after bad weather conditions led to a shock contraction in the final quarter of last year. The economy contracted by 0.5% in the October to December period after the [...]

April 6, 2011 | 0 Comments More
NIESR: UK economy recovered in January

NIESR: UK economy recovered in January

Influential think tank, the National Institute of Economic and Social Research (NIESR), has today suggested the UK economy recovered in January after adverse weather conditions led to a shock contraction in the final quarter of last year. Last month, the Office for National Statistics (ONS) revealed the UK economy contracted by 0.5% in the October [...]

February 10, 2011 | 0 Comments More
Double-dip recession unlikely, says OECD

Double-dip recession unlikely, says OECD

Influential think tank, the Organisation for Economic Co-operation and Development (OECD), has today said the global economic recovery is slowing faster and has therefore revised its growth forecast downwards for the G7 leading economies. However, the think tank has said a return to recession is unlikely but “great uncertainty” remains. It has therefore slightly revised [...]

September 9, 2010 | 0 Comments More
UK Q1 economic growth figures remain unchanged

UK Q1 economic growth figures remain unchanged

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.3% in the January to March period – unchanged from the previously estimated figure, but marginally higher than the first estimate of 0.2%. Analysts had expected GDP to remain unchanged in the first quarter but many economists believe that economic growth [...]

July 12, 2010 | 0 Comments More
ONS to issue final estimate of Q1 growth tomorrow

ONS to issue final estimate of Q1 growth tomorrow

The Office for National Statistics (ONS) is tomorrow expected to leave its estimate of GDP in the January to March unchanged at 0.3%. Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy. The figures were due to be released last [...]

July 11, 2010 | 0 Comments More
Think tank warns recovery will be sluggish due to austerity measures

Think tank warns recovery will be sluggish due to austerity measures

The National Institute of Economic and Social Research (NIESR) is forecasting that the UK economy expanded by 0.7% in the three months to the end of June. Official figures for the period will be released later this month but the think tank believes most of the growth occurred over April and May. Growth is expected [...]

July 9, 2010 | 0 Comments More
Martin Weale joins Monetary Policy Committee

Martin Weale joins Monetary Policy Committee

The Treasury has today announced Martin Weale will join the Bank of England’s Monetary Policy Committee (MPC). Mr Weale will assume his position in time for next month’s rate-setting meeting and replaces Kate Barker after her term ended on 31 May. Consequently, the Bank’s June meeting only comprised eight members but it will resume to [...]

July 5, 2010 | 0 Comments More
NIESR believes taxes will rise sharply

NIESR believes taxes will rise sharply

Influential think tank, the National Institute of Economic and Social Research (NIESR), believes taxes will increase sharply in the next ten years, in order to cut the UK’s budget deficit. According to a report by the Institute, taxes would have to rise by the equivalent of 6p on the basic income tax rate to bring [...]

April 30, 2010 | 0 Comments More
NIESR: UK to see positive growth in Q1

NIESR: UK to see positive growth in Q1

Influential think tank, the National Institute of Economic and Social Research (NIESR), said the UK economy avoided a double-dip recession in the first quarter of 2010 and is expected to see growth of 0.4%. However, official figures for quarter one GDP will not be published until April 23 but it appears many are optimistic for [...]

April 9, 2010 | 0 Comments More
Think tank provides UK growth forecasts

Think tank provides UK growth forecasts

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 [...]

March 10, 2010 | 0 Comments More
UK factory output sees strong December growth

UK factory output sees strong December growth

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 [...]

February 11, 2010 | 0 Comments More
IFS issues caution to Government in its quest to repair public finances

IFS issues caution to Government in its quest to repair public finances

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 [...]

February 3, 2010 | 0 Comments More
Think tank warns Government to control spending

Think tank warns Government to control spending

Leading economic think tank, the National Institute of Economic and Social Research (NIESR), is warning the Government that if it plans to halve the budget deficit over the next four years, much tighter spending controls are required. In his latest Pre-Budget Report, Chancellor Alistair Darling pledged to significantly reduce the UK’s soaring deficit over the [...]

February 3, 2010 | 0 Comments More
UK manufacturers warn recovery will be slow

UK manufacturers warn recovery will be slow

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 [...]

January 14, 2010 | 0 Comments More
Think tank sees Q4 growth of 0.4%

Think tank sees Q4 growth of 0.4%

Leading economic think tank, the National Institute of Economic and Social Research (NIESR), believes the UK economy exited recession in the fourth quarter of 2009 and has experienced growth of 0.3%. The prediction echoes many other reports forecasting that the economy has finally emerged from its worst recession in decades. The UK economy, which has [...]

January 14, 2010 | 0 Comments More
UK’s debt levels will result in tax and retirement age increases

UK’s debt levels will result in tax and retirement age increases

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 [...]

October 21, 2009 | 0 Comments More
NIESR warns of period of stagnation

NIESR warns of period of stagnation

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 [...]

September 8, 2009 | 0 Comments More
Housing market to slump until 2012

Housing market to slump until 2012

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 [...]

July 24, 2009 | 0 Comments More