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Economy

Expert analysis on the latest national and international economic issues and trends, and interviews with prominent voices across the finance industry, alongside data on the state of the economy.

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Business Confidence Monitor

ICAEW Business Confidence Monitor

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Quarterly reports on the economy which provide useful insight for finance professionals and their clients.
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ICAEW Manifesto

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  • 07 Feb 2024
Explore our recommendations for the next UK Government to create a renewed and resilient future UK economy.
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Manifesto 2024: ICAEW's vision for a renewed and resilient UK

ICAEW Member Insights

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  • 29 Jan 2024
Views, opinions and experiences from our ICAEW members. These insights are used to help shape ICAEW content and inform policy positions and recommendations.
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Economic update: recession risk remains amid anaemic business confidence

  • Article
  • 05 Feb 2024
The UK economy is struggling for momentum amid high interest rates, declining consumer activity and subdued business confidence. ICAEW’s Economies Director Suren Thiru discusses the implications.
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Access to finance: supporting small businesses

Chart of the week: UK population projections

  • Article
  • 01 Feb 2024
The Office for National Statistics has updated its national population projections, lifting its expectations for 2025 by one million to just under 70 million people living in the UK and for 2050 by four million to 78 million.
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chart main 1 feb

Content series: Resilience and Renewal

silver car auto factory assembly line man employee engineer ICAEW economy business 07 Nov 2023
Navigating a changing world of trade

International trade and strong supply chains are a cornerstone of economic growth and opportunity. Here, we examine the key challenges UK businesses face when trading internationally, while the next article considers possible solutions.

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world planet earth globe circles rays of light blue international trade ICAEW economy business 07 Nov 2023
How to reinvigorate the UK’s international trade performance

The UK’s international trade activity is falling behind that of its economic peers. Here, we examine what changes are needed from policymakers and business to close that gap and why chartered accountants are so well-placed to help them.

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long bridge road concrete truck ocean sea water international trade economy business ICAEW 07 Nov 2023
How Ramsden International reinvented its business model after Brexit

International grocery wholesaler Ramsden International endured a torrid couple of years in the wake of Brexit and the Covid-19 pandemic. However, long-term planning investing in people and expert advice have helped it come through the other side.

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Mike Younger, Financial Director and ICAEW member Ian Macleod Distillers 07 Nov 2023
Making the most of international markets: From the glens to graphene

Engaging with international markets brings many benefits but more UK companies should take the plunge. Two very different firms show how buying and selling overseas can make organisations more successful and resilient.

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Gas works tower in front of a blue sky 17 Oct 2023
The UK’s skills gap and what’s gone wrong

For a generation, a shortage of skills has undermined business confidence, investment, and productivity across the UK, and so limited economic growth and left us more exposed to inflation shocks. Here, we look at what’s causing this shortage and, in the next article, ideas for addressing it.

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Workers in blue overalls in a factory 17 Oct 2023
How to close the UK’s skills gap

Addressing the UK’s labour supply and skills gap is no easy task, but policymakers, business, and the chartered accountants that advise them have a key role to play.

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Amdaris tech firm Bristol finance director Tom Denning 17 Oct 2023
Closing the UK’s skills gap: Denim, data and developing skills

Having the right people available for the right jobs in the right place is one of the key foundations of a healthy and resilient economy, and one that’s often eluded the UK. Two companies provide lessons for how we can start to address this.

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Three people sitting in an office, one speaking and the other two looking at them 17 Oct 2023
Employee engagement and productivity: How Cooper Parry’s investment in staff training and well-being is paying dividends

Accountancy firm and ICAEW member Cooper Parry has long taken an innovative approach to staff well-being and happiness. But in the post-pandemic world, things like flexible and remote working no longer made it stand out, so it’s updating its employee offer.

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Red cranes in front of a skyscraper 26 SEP 2023
Part one: Understanding the UK’s productivity problem

Poor productivity has upset many UK economic success stories across the past half century. There’s no smoking gun or obvious culprit but rather a number of complex reasons.

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The reflection of a cityscape at sunset in the windows of a skyscraper 26 SEP 2023
Part two: Tackling the UK’s productivity problem

The UK’s persistently poor productivity must be tackled to renew economic growth and raise living standards. Businesses and accountants have a core role in that endeavour.

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Charles Platts ACA, Paragraf CFO Graphene-based electronic devices manufacturer man lab coat 26 SEP 2023
Starting a new chapter: Paragraf’s concerns over scaling up

The Cambridgeshire-based tech firm should be in the vanguard of UK economic success, but getting to a scale that will make a real difference to the economy is harder than it should be.

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Jenny McMillan ACA Head of Finance Northern Block ICAEW member 26 SEP 2023
A recipe for growth: Investing for a more productive economy

Long-term investment to build profitable businesses is a crucial part of boosting productivity. A thriving food and drink sector in Leeds is showing the way forward.

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