Blog


03

Oct 2016

How humans can compete with the Robots

The rise of the Cyborg professional If the future is anything, the future is “Robo”: Robo-advisors, Robo-investing, Robo-medicine, Robo-insurance, Robo-driving, even Robo-market research (God forbid!).  Computer systems, based on artificial intelligence software, could replace many professional services jobs in the same way that industrial machines replaced manual jobs in the industrial revolution. IRN Research argue in the Brave New Robo World, if you want to...

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Humans represent one-third of national assets

23

Aug 2016

Humans represent one-third of national assets

Data from the ONS shows that human capital – i.e. the knowledge, skills, competencies and attributes of UK residents – represents one-third of the total wealth of the UK economy in 2015. Wealth is defined as financial assets, real assets (eg houses, building and machinery) and human capital combined. The UK economy had a total net worth of £29.6 trillion (assets less financial liabilities) with...

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Accountancy turnover falls 7% in June 2016

22

Aug 2016

Accountancy turnover falls 7% in June 2016

The turnover of accountancy and allied services companies in the UK declined by 7% in June 2016, compared with June 2015. In the first six months of 2016, turnover was 1% lower than over the same period of 2015.


Retirement has its benefits

18

Aug 2016

Retirement has its benefits

In the 1960s the young never had it so good, so they say, but in the 1990s and 2000s (especially the latter) it seems it’s the old who now enjoy the relative good life. Latest nowcasting data from the ONS, which provides initial estimates of household income indicators, show that the median household disposable income was £26,400 in 2015/16, which in constant price terms, is...

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05

Aug 2016

The Predicted Dramatic Decline in Law Firm Numbers has not Materialised…yet

It is now almost five years since the introduction of the Legal Services Act 2007 (LSA) in October 2011 but the expected dramatic decline in law firm numbers post-LSA has not really materialised. Some forecasts were suggesting that thousands of law firms could disappear but the reality has been much less dramatic. In May 2016 there were 10,429 law firms in England and Wales and...

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27

Jul 2016

UK ferry market trends first half 2016

Domestic Ferries In the first six months of 2016 there were 7.115 million passengers on domestic ferry routes. This was an increase of 3.7% over the same period in 2015. However, the growth was not across the board. It was the total of the Scottish routes counted excluding Northlink that were primarily responsible for the increase. The Isle of Man and Channel Island sectors contracted while the Isle of...

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14

Jul 2016

A million UK port of call cruise passengers.

In 2015, a record of a million port of call cruise passengers visited UK ports. It was a 10% increase on 2014 to reach 1.017 million passengers. The number of port of  call visits has increased every year for the last 8 years and unless there is a significant change in underlying trends we should see the million mark exceeded again this year. Click here...

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07

Jul 2016

Brexit to fuel inbound seaborne tourism

We commented on the  International Passenger Survey (IPS) statistics that showed that inbound tourism by sea increased by 288K visits while outbound tourism by sea in 2015 declined by 237K visits.  44% of sea tourism was inbound in 2015. If the trend continues it will not take long for inbound sea tourism to overtake outbound sea tourism. The run up to the Brexit vote saw...

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06

Jul 2016

Google searches show recession is on the UK’s mind

Searches on Google.co.uk news shows clearly how Brexit has sparked a concern about recession among UK web searchers. Post-Referendum there has been a spike in searching for both recession and the EU related words and phrases. Brexit, EU and Recession are becoming linked in the minds of UK consumers and businesses.   Search for the term Brexit recession and recession on Google.co.uk news Search for...

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05

Jul 2016

What a difference half a year makes

It was only around six months ago that the Bank of England in this Financial Stability Report talked of the UK emerging from the financial crisis. Stability was the theme of the report, with the Bank focusing on preventing external economic shocks knocking the UK recovery off course. Fast forward to today and the tone of the Bank’s July 2016 Financial Stability Report could not...

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