Tag: NIESR

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
House prices to fall till 2015

House prices to fall till 2015

A new report from a leading think-tank is predicting that UK house prices will fall by 4.5% in 2011, followed by an average 1.5% fall in each of the subsequent four years. According to the National Institute of Economic and Social Research (NIESR), this year’s decline will reflect the squeeze on household finances resulting from [...]

May 6, 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
Charles Bean: Bank needs to monitor CPI

Charles Bean: Bank needs to monitor CPI

The Bank of England’s Deputy Governor, Charles Bean, has said the Monetary Policy Committee (MPC) may be forced to hike interest rates if commodity prices remain high and inflation becomes embedded. His comments, published in the Western Mail newspaper, come as inflation remains well above target. MPC member, Andrew Sentance, has previously warned that the [...]

February 2, 2011 | 0 Comments More
NIESR forecasting three rate rises this year

NIESR forecasting three rate rises this year

Influential think tank, the National Institute for Economic and Social Research (NIESR) is expecting the Bank of England to lift interest rates three times this year. The London-based think tank made the comments after calling on Chancellor George Osborne to consider deferring the harsh spending cuts the Government has introduced. Ray Barrell of the NIESR [...]

February 1, 2011 | 0 Comments More
NIESR warns BoE not to act hastily regarding QE

NIESR warns BoE not to act hastily regarding QE

Influential think tank, the National Institute for Economic and Social Research (NIESR), is urging the Bank of England to be cautious when considering its next move for the UK economy. Speculation is mounting that the Bank of England will pump a further £50 billion into the economy next month via its quantitative easing (QE) programme. [...]

October 20, 2010 | 0 Comments More
BoE in no rush to hike interest rates

BoE in no rush to hike interest rates

Speaking in front of the House of Commons’ Treasury select committee, the Governor of the Bank of England, Mervyn King, has reiterated that interest rates will stay at the historic low of 0.5% for some time to come. Mr King said: “It’s right to keep our foot firmly on the monetary accelerator”, adding he is [...]

July 28, 2010 | 0 Comments More
Think tank provides gloomy recovery prospects

Think tank provides gloomy recovery prospects

Influential think tank, the National Institute for Economic and Social Research (NIESR), believes the economic recovery will be slower than the Government anticipates. The new coalition Government is optimistic in its prediction for economic growth and expects it to be 2.3% next year and 2.8% the year after. However, the Institute is forecasting that the [...]

July 28, 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: UK GDP to be revised upwards

NIESR: UK GDP to be revised upwards

Influential think tank, the National Institute of Social and Economic Research (NIESR) said the UK economy expanded by 0.5% in the three months to April. The Institute is expecting the Office for National Statistics (ONS) to upwardly revise its initial first quarter growth estimate. Last month, the ONS said the economy grew by just 0.2% [...]

May 11, 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