Blog


17

Jul 2017

8% of debtors fall into arrears

Unsecured debt arrears affect just over  8% of debtors Using data from the 2016 Bank of England/NMG household survey, IRN Research found that 4% of consumers have fallen into unsecured debt arrears over the past year, representing 8% of all consumers owing money on an unsecured loan product. The IRN Research brief Consumer Debtor Brief, July 2017  looks at  consumers who have problems repaying their unsecured debts,...

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13

Jul 2017

Another freight increase in the first half of the year.

For the last eight years first half year freight traffic on the English Channel, Eurotunnel and Irish Sea routes has grown each year. The cumulative eight years of growth increased the traffic by nearly a third from 2.4 million accompanied and unaccompanied trailers to exceed 3.1 million. The Short Sea and Eurotunnel sector has been the most successful with an increase of first half year...

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Car ferry growth continues

29

May 2017

Car ferry growth continues

The growth in ferry travel by car in the last few years continued into 2017. Following a fourth year of growth for ferry travel by car in 2016 the trend has continued into the beginning 2017. In the four months to the end of April 2017 the total number of cars on UK ferries increased by 2% over the comparable four-month period in 2016. This...

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Record Breaking Year for UK Cruise Market

25

Apr 2017

Record Breaking Year for UK Cruise Market

  Figures released last month by the Cruise Lines International Association (CLIA) revealed that a record 1.9 million cruise holidaymakers from the UK and Ireland took an ocean cruise in 2016. It puts the UK and Ireland as the third largest ocean cruising market in the world after USA and Germany. Germany overtook the UK and Ireland as the second largest market in in 2014 and the gap widened...

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UK Transits Overtake Embarking Passengers in 2016

20

Apr 2017

UK Transits Overtake Embarking Passengers in 2016

According to CLIA (Cruise Line International Association) the world market for ocean cruising increased by 4.4% in 2016 to reach 24.2 million passengers. Similarly, the European cruise market increased by 3.4% to reach 6.7 million passengers while the UK and Ireland market increased by 5.6% to reach 1.9 million passengers. On the face of it, it appears that the cruise market is growing at a...

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11

Apr 2017

Slight improvement in defined benefit occupational pensions

Deficit of defined benefit occupational pensions declines Data released today by the Pension Protection Fund (PPF) shows that the aggregate deficit of the 5,794 defined benefit occupational pension schemes in the PPF 7800 Index decreased over the month to £226.5 billion at the end of March 2017, from a deficit of £242.0 billion at the end of February 2017. As a result, the funding ratio...

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06

Apr 2017

Professional, scientific and technical services gaining ground

Professional, scientific and technical services on the up The turnover of professional, scientific and technical services companies experienced healthy growth of 7.3% in 2016 to reach £255.4 billion, with management consultancy and architectural/engineering services the two largest sectors of the market. Not only did these services experience strong turnover growth, they also grew their share of the UK economy. IRN Research estimate that in 2016,...

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08

Mar 2017

UK Legal Services Revenue Declines in 2016 for First Time Since the Financial Crisis

The UK legal services market (including private practice firms, barristers, patent agents, and other legal services providers) was valued at an estimated £31.5bn in 2016 (Source: ONS) and this is a decrease from 2015. This is only the second annual decrease in the last decade with the previous one occurring during the financial crisis in 2009. The large law firms continued to see revenue growth ...

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Modest rise in Accountancy turnover in November 2016

12

Jan 2017

Modest rise in Accountancy turnover in November 2016

Accountancy turnover grows slightly Having fallen by 4.2% in October 2016, compared with  October 2015, annual revenue growth for the accountancy professions improved in November 2016. The accountancy professions generated sales of £2,035 million in September 2016, compared with £2,016 million in November 2015, a rise of 1%. Sales in November 2016 were up compared with October 2016 (£1,930 million). Over the first ten months...

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International Tourism Competitiveness

22

Dec 2016

International Tourism Competitiveness

International Tourism Trends International tourism figures for October 2016 from the Office of National Statistics (ONS) indicate a gloomy trend for the competitive position of UK international tourism. Overseas residents made 3.3 million visits to the UK, a decrease of 5% compared with October 2015. Expenditure by overseas residents suffered an even larger decline with 8% less expenditure in October 2016 compared with October 2015....

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