Centre for Economics and Business Research

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Centre for Economics and Business Research (Cebr)
Founded1992; 32 years ago (1992)
TypePrivately Held Company consultancy
Headquarters4 Bath Street
London EC1V 9DX
United Kingdom
Location
  • London, England
Key people
Douglas McWilliams (founder, Deputy chairman)
Nina Skero (CEO)
Martin Piers (Chairman)
Websitecebr.com

The Centre for Economics and Business Research (Cebr) is an economic consultancy based in London, United Kingdom.

Cebr supplies

macroeconomic forecasting, policy research, and general economic strategy and consultancy.[1]

History

Cebr was founded in 1992 by

Sunday Times Golden Guru Award for best United Kingdom economic forecaster.[3] McWilliams was later the Gresham College professor of business.[2][4]

Structure

Cebr's Forecasting and Thought Leadership team delivers forecasts of the British and global economies and a range of economic tracker reports, such as the Irwin Mitchell UK Powerhouse Report,[5] and the Asda Income Tracker.[6]

The Economic Advisory team covers the areas of economic impact analysis, economic simulations, policy analysis, market sizing, and valuations. The team has advised a variety of industries, including tech, energy,[7] maritime,[8] financial services, international trade, manufacturing, engineering,[9] and the arts.[10]

The Environment, Infrastructure and Local Growth team has provided analysis for

digital connectivity,[12] and housing.[13]

World Economic League Table

Since its first publication in 2009, Cebr's World Economic League Table (WELT) has provided a yearly measure of the comparative economic success of the countries of the world.[14][15] Released once a year on Boxing Day (26 December), it receives global coverage.[16][17][18][19]

In December 2020, Cebr predicted that China would overtake the United States as the world's biggest economy by 2028.[20][21]

In December 2021, WELT 2022 saw the world's annual economic output exceeding $100 trillion for the first time during the year ahead.[17]

In December 2022, the WELT report forecast a World recession in 2023.[22][19] However, at the same time it predicted that India's annual growth trajectory would be 6.4% for five years ahead, then 6.5 per cent during the next nine years, taking India from fifth position in global rankings in 2022 to third position in 2037, after China and the United States.[23]

In December 2022, Cebr also found that in 2022 China's economy had grown by only 3.2 per cent, well below the forecast figures, and attributed this to lockdowns in pursuit of China's Zero-COVID policy.[24]

News releases

In 2009, Cebr issued a news release which stated that "The UK's public sector productivity shortfall is costing taxpayers £58.4 billion a year – in other words, not far short of half our income tax is paying for public sector inefficiency."[25]

In May of the same year, another news release from Cebr stated that since 2007 the number of millionaires in the United Kingdom had halved, falling from 489,000 to 242,000.[26]

In September 2022, Cebr issued a statement critical of HM Treasury in the debate about Kwasi Kwarteng's package of tax cuts in his September mini-budget. This accused the Treasury of "gross exaggeration", particularly on the cost of not implementing a planned increase in United Kingdom corporation tax which would take it to "one of the highest levels in the western world".[27]

Notable people

Notes

  1. ^ "Centre for Economics and Business Research (Acronym: CEBR)", Analysis & Policy Observatory, 6 October 2020, accessed 26 December 2022
  2. ^ a b c "Professor Douglas McWilliams", Gresham College, accessed 26 December 2022
  3. ^ "Douglas McWilliams", londonspeakerbureau.com, accessed 27 December 2022
  4. ^ "Centre for Economics and Business Research: officers", Companies House, accessed 26 December 2022
  5. ^ "Economic Levelling Up Requires More Overseas Investment And Diversified Local Economies Says Report", Irwin Mitchell, 16 May 2022, accessed 26 December 2022
  6. ^ "Asda Income Tracker Report", Asda, June 2022, accessed 26 December 2022
  7. ^ "Major new Cebr report on the economic benefits of offshore wind for the UK", PR Newswire, 12 June 2012, accessed 26 December 2022
  8. ^ "CEBR economic impact studies 2019" Maritime UK, accessed 26 December 2022
  9. ^ "Engineering and economic growth: a global view", Royal Academy of Engineering, accessed 26 December 2022
  10. ^ "The Business Case for Affordable Housing", Arts Council England, July 2016, accessed 26 December 2022
  11. ^ "CEBR Report - Rail options 2018 | Rossendale Borough Council". Rossendale Borough Council. Retrieved 31 January 2023.
  12. ^ "Full fibre impact". www.openreach.com. Retrieved 31 January 2023.
  13. ^ "Homes for the North". Quod. Retrieved 31 January 2023.
  14. ^ Fernando Nakagawado, "PIB do Brasil seguirá em 11º em 2022 e volta ao top 10 na próxima década, diz estudo", CNN Brasil Business, 26 December 2021 (in Portuguese)
  15. ^ "World Economic League Table with forecasts for 193 countries from 2019–2033", Chartered Institute of Building, CIOB Academy, accessed 26 December 2022
  16. ^ Julian Harris, "UK economy to outstrip Europe over next 15 years: New global ranking lifts Brexit hopes with forecast that GDP in Britain will be 23pc more than in France by 2035", The Daily Telegraph, 26 December 2020, accessed 26 December 2022
  17. ^ a b "World economy to top $100 trillion in 2022 for first time: report" Reuters, 26 December 2021, accessed 26 December 2022
  18. ^ Bertille Bayart, «Big Business» N°77: bonne année à 100.000 milliards de dollars!, Le Figaro, 22 February 2022, accessed 26 December 2022 (in French)
  19. ^ a b "World economy is headed for a recession in 2023: Experts", India Today, 26 December 2022, accessed 26 December 2022
  20. ^ Larry Elliott, "China to overtake US as world’s biggest economy by 2028, report predicts", The Guardian, 26 December 2020, accessed 26 December 2022
  21. ^ "Après le Covid-19, la Chine pourrait devenir plus vite la première économie mondiale" Le Parisien, 26 December 2020, accessed 26 December 2022 (in French)
  22. ^ "World economy to experience recession in 2023, says Centre for Economics and Business Research", firstpost.com, 26 December 2022, accessed 26 December 2022
  23. ^ "India's growth rate to be 6.4% for next 5 years: UK-based Centre for Economics and Business Research", The Free Press Journal, 26 December 2022, accessed 26 December 2022
  24. ^ "Business News: China's Economy Grew 3.2% in 2022, Well Below Forecast", latestly.com, accessed 28 December 2022
  25. ^ Patrick Dunleavy, Leandro Carrera, Growing the Productivity of Government Services (Edward Elgar Publishing, 2013), p. 338
  26. ^ 'Number of millionaires in the UK falls from 489,000 in 2007 to 242,000 now', Centre for Economics and Business Research press release, 27 May 2009, cited in Ben Derudder, International Handbook of Globalization and World Cities (Edward Elgar Publishing, 2012), p. 389
  27. ^ "Think-tank: Kwarteng budget less out of control than the market thinks", City AM, 30 September 2022, accessed 28 December 2022
  28. ^ "Vicky Pryce", Centre for London, accessed 26 December 2022
  29. ^ "Danae Kyriakopoulou", London School of Economics, accessed 26 December 2022

External links

Cebr reports
Other
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