NEW REPORT from @hale_shale, out today: The UK’s trade agreement with India could deliver economic benefits eventually comparable in scale to the now defunct US trade deal - but it also carries far more uncertainty and risk: economy2030.resolutionfoundation.org/reports/a-pres… Image
A UK-India FTA could be a big deal: UK business services exports under-perform in India relative to other Indo-Pacific regions – accounting for just 1.8% of imports to India, compared to 4.2% in Malaysia – so the potential for future growth is huge. Image
A UK-India deal could also be a bigger, but riskier, deal than a US FTA. India is forecast to become the world’s third largest import market by 2050. Demand for business, telecommunications and computer services, where UK export firms perform well, is expected to treble in 2020s. Image
But while the benefits of trade liberalisation with India are clear, UK firms will also be exposed to far more competition from Indian exporters. 8 sectors have emerged as new comparative advantages for India in the past decade, compared to just 1 for the US. Image
Join our online event at 9.30am today to find out more about our new analysis, take part in the discussion and submit your questions to our panel: resolutionfoundation.org/events/pivot-p…

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More from @resfoundation

Jan 27
New WorkerTech newsletter from @EmmaSelinger out today, with the latest Workertech news, including valuable insights from @UfiTrust on how tech innovations can help workers to access effective and flexible training in order to prosper at work. Read it here resolutionfoundation.org/comment/worker…
Digital technology plays an essential role in helping develop new tools and approaches to learning for work, with companies such as @learnerbly, @SonicjobsApp and @getupskillme already developing skills and training solutions. Image
If you have an idea for how to transform learning for work, @UfiTrust #VocTechSeed applications are open now until 9 Feb 2022 for grants of up to £50,000, with pre-application workshops available. Find out more about the grant fund at ufi.co.uk/seed
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Jan 26
The UK’s trade agreement with India could deliver economic benefits eventually comparable in scale to the now defunct US trade deal - but it also carries far more uncertainty and risk - 🧵THREAD 🧵 here - and full report on our website: economy2030.resolutionfoundation.org/reports/a-pres…
A UK-India FTA could be a big deal: UK business services exports under-perform in India relative to other Indo-Pacific regions – accounting for just 1.8% of imports to India, compared to 4.2% in Malaysia – so the potential for future growth is huge. Image
A UK-India deal could also be a bigger, but riskier, deal than a US FTA. India is forecast to become the world’s third largest import market by 2050. Demand for business, telecommunications and computer services, where UK export firms perform well, is expected to treble in 2020s. Image
Read 7 tweets
Jan 26
Scared of being ambushed by a cake? Getting slightly bored with pre-Gray-gate? Join us to discuss the UK's economic future - and what Global Britain could mean UK exporters - at 9.30am! resolutionfoundation.org/events/pivot-p… Image
Starting now - our discussion on the UK's trade pivot towards the Indo-Pacific region with @hale_shale @TorstenBell @Annaisaac @JohnAlty1 & @SallyJJonesEY Watch here resolutionfoundation.org/events/pivot-p… Image
@hale_shale @TorstenBell @Annaisaac @JohnAlty1 @SallyJJonesEY Kicking off our event @hale_shale notes that the US-focused Global Britain is paused, and the new focus is the Indo-Pacific region (and particularly India) Image
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Nov 15, 2021
Kicking off our presentation @asvalero notes that private sector firms are on the frontline in terms of navigating a decade of seismic economic change in the UK - from Covid and Brexit, to the net zero transition and rapid demographic and technological change...
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@asvalero Furthermore, this poor productivity record is widespread across the economy, ie not confined to a few sectors
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Nov 14, 2021
New @resfoundation analysis by @MikeBrewerEcon & @charliejmccurdy Post-furlough blues: What happened to furloughed workers after the end of the Job Retention Scheme? Highlights 🧵resolutionfoundation.org/publications/p…
The context: the UK labour market is in a strong position, in terms of unemployment – it is both falling, and its peak has been revised down hugely by @OBR_UK
Still, when the Coronavirus Job Retention Scheme (JRS) closed on 30 September 2021 around 1.1 million employees were either fully or partially furloughed – particularly in sectors like aviation and among older aged workers.
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Jun 26, 2021
The housing market in a nutshell over the last fifty years? House prices up; interest rates down (although mortgage terms and loan-to-value ratios have changed a bit too).
In new research published today, and funded by @NuffieldFound , we ask which generation has had the better deal when it comes to buying a first home: resolutionfoundation.org/publications/s…
Sky-high interest rates in the 1970s, 1980s and early 1990s meant that older generations had a stressful time, especially in the early years of a mortgage...
Read 12 tweets

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