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

economic forecasting Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for ...

and analysis to private firms and public bodies. It provides a range of economic services, including economic impact studies,

macroeconomic Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

forecasting, policy research, and general economic strategy and consultancy.

History

Cebr was founded in 1992 by

Douglas McWilliams Douglas Francis McWilliams (born 1951) is a British economic consultant, specializing in forecasting and the technology sector. After holding senior positions with IBM and the Confederation of British Industry, in 1992 he won a ''Sunday Times'' ...

, a former Chief Economic Adviser to the

Confederation of British Industry The Confederation of British Industry (CBI) is a UK business organisation, which in total claims to speak for 190,000 businesses, this is made up of around 1,500 direct members and 188,500 non-members. The non members are represented through the 1 ...

and Chief Economist for IBM (UK), in the year that he won the '' Sunday Times'' Golden Guru Award for best United Kingdom economic forecaster."Douglas McWilliams"
londonspeakerbureau.com, accessed 27 December 2022 McWilliams was later the

Gresham College Gresham College is an institution of higher learning located at Barnard's Inn Hall off Holborn in Central London, England. It does not enroll students or award degrees. It was founded in 1596 under the will of Sir Thomas Gresham, and hosts ove ...

professor of business."Professor Douglas McWilliams"

, accessed 26 December 2022

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 Irwin Mitchell is a full service law firm in the United Kingdom, established in Sheffield in 1912. The firm offers legal and wealth management services from its 17 offices, and employs more than 2,500 people. In 2018 the company was ranked 21st ...

UK Powerhouse Report, and the

Asda Asda Stores Ltd. () (often styled as ASDA) is a British supermarket chain. It is headquartered in Leeds, England. The company was founded in 1949 when the Asquith family merged their retail business with the Associated Dairies company of Yorks ...

Income Tracker. 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,

maritime Maritime may refer to: Geography * Maritime Alps, a mountain range in the southwestern part of the Alps * Maritime Region, a region in Togo * Maritime Southeast Asia * The Maritimes, the Canadian provinces of Nova Scotia, New Brunswick, and Prin ...

, financial services,

international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant ...

, manufacturing, engineering, and the arts. The Environment, Infrastructure and Local Growth team has provided analysis for

transport planning Transportation planning is the process of defining future policies, goals, investments, and spatial planning designs to prepare for future needs to move people and goods to destinations. As practiced today, it is a collaborative process that i ...

and other areas of policy and strategy, including digital connectivity, and housing.

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. Released once a year on Boxing Day (26 December), it receives global coverage."World economy to top $100 trillion in 2022 for first time: report"

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was esta ...

, 26 December 2021, accessed 26 December 2022 In December 2020, Cebr predicted that China would overtake the United States as the world's biggest economy by 2028. In December 2021, WELT 2022 saw the world's annual economic output exceeding $100 trillion for the first time during the year ahead. In December 2022, the WELT report forecast a World recession in 2023."World economy is headed for a recession in 2023: Experts"
''

India Today ''India Today'' is a weekly Indian English-language news magazine published by Living Media India Limited. It is the most widely circulated magazine in India, with a readership of close to 8 million. In 2014, ''India Today'' launched a new o ...

'', 26 December 2022, accessed 26 December 2022 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. 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

lockdown A lockdown is a restriction policy for people, community or a country to stay where they are, usually due to specific risks (such as COVID-19) that could possibly harm the people if they move and interact freely. The term is used for a prison ...

s in pursuit of China's

Zero-COVID Zero-COVID, also known as COVID-Zero and "Find, Test, Trace, Isolate, and Support" (FTTIS), is a public health policy that has been implemented by some countries during the COVID-19 pandemic.Anna Llupià, Rodríguez-Giralt, Anna Fité, Lola Ála ...

policy.

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." 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. In September 2022, Cebr issued a statement critical of

HM Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ...

in the debate about

Kwasi Kwarteng Akwasi Addo Alfred Kwarteng (born 26 May 1975) is a British Conservative Party (UK), Conservative Party politician who has been the Member of Parliament (United Kingdom), Member of Parliament (MP) for Spelthorne (UK Parliament constituency), S ...

'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 : ''Throughout this article, the term "pound" and the £ symbol refer to the Pound sterling.'' Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities reg ...

which would take it to "one of the highest levels in the western world".

Notable people

, founder *

Vicky Pryce Vasiliki "Vicky" Pryce (' Kourmouzi ( el, Βασιλική Κουρμούζη); born 15 July 1952) is a Greek-born British economist and a former Joint Head of the United Kingdom's Government Economic Service. She is currently the Chief Econom ...

, Board member * Danae Kyriakopoulou, managing economist, 2013–2016"Danae Kyriakopoulou"

London School of Economics The London School of Economics and Political Science (LSE) is a public university, public research university located in London, England and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidn ...

, accessed 26 December 2022

Selected Cebr reports

*Cebr
"Productivity Matters: The Impact of Apprenticeships on the UK Economy"
March 2013, southampton.gov.uk *Cebr, "Productivity Matters: The Impact of Apprenticeships on the UK Economy", March 2013, southampton.gov.uk *Cebr
"The Value of Big Data and the Internet of Things to the UK Economy"
report for SAS Analytics Software & Solutions, February 2016 *Cebr, "The Value of Big Data and the Internet of Things to the UK Economy", report for SAS Analytics Software & Solutions, February 2016 *Cebr
"Mind the generation gap: How you can lend a helping hand"
report for

Brewin Dolphin RBC Brewin Dolphin (the trading name for Brewin Dolphin Holdings) is one of the largest British wealth management firms with over 30 offices throughout the UK, Jersey and Ireland, and c. 2,000 employees. It provides investment management and finan ...

, 2016 *Cebr, "Mind the generation gap: How you can lend a helping hand", report for

, 2016 *Cebr
"London’s Business Base"
a report for

London Councils London Councils is the local government association for Greater London, England. It is a cross-party organisation that represents London's 32 borough councils and the City of London. It was formed in 1995 as a merger of the London Boroughs As ...

, November 2019 *Cebr, "London’s Business Base", a report for

, November 2019 *Cebr
"Trade and Cooperation Agreement – London impact: A Cebr report for GLA"
Greater London Authority, January 2021 *Cebr, "Trade and Cooperation Agreement – London impact: A Cebr report for GLA", Greater London Authority, January 2021 *Cebr
"The impact of digital transformation on the UK economy"
report for

Virgin Media Virgin Media is a British telecommunications company which provides telephone, television and internet services in the United Kingdom. Its headquarters are at Green Park in Reading, England. It is owned by Virgin Media O2, a 50:50 joint ventu ...

, February 2021 *Cebr, "The impact of digital transformation on the UK economy" report for

, February 2021 *Cebr
"The Business Case for Affordable Housing"
Peabody Housing Association, July 2021 *Cebr, "The Business Case for Affordable Housing" Peabody Housing Association, July 2021 *Cebr
"Brexit deal analysis 2021"

Mayor of London The mayor of London is the chief executive of the Greater London Authority. The role was created in 2000 after the Greater London devolution referendum in 1998, and was the first directly elected mayor in the United Kingdom. The current m ...

*Cebr, "Brexit deal analysis 2021"

*Cebr
"Financial wellbeing and productivity in the workplace"
report for Aegon, November 2021 *Cebr, "Financial wellbeing and productivity in the workplace", report for Aegon, November 2021 *Cebr
"Inflation Nation – A report by Yorkshire Building Society"
Yorkshire Building Society, May 2022 *Cebr, "Inflation Nation – A report by Yorkshire Building Society", Yorkshire Building Society, May 2022 *Cebr
"Economic impact assessment of the Cambridge Biomedical Campus"
for

Cambridge Biomedical Campus The Cambridge Biomedical Campus is the largest centre of medical research and health science in Europe. The site is located at the southern end of Hills Road in Cambridge, England. Over 20,000 people work at the site, which is home to Cambridge ...

, August 1922 *Cebr, "Economic impact assessment of the Cambridge Biomedical Campus", for

, August 1922 *Cebr
"The Economic Impact of Robotics & Autonomous Systems across UK Sectors" (Final Report)
Department for Business, Energy and Industrial Strategy, November 2021

Notes

{{reflist

Selected Cebr reports

*Cebr, "Productivity Matters: The Impact of Apprenticeships on the UK Economy", March 2013, southampton.gov.uk *Cebr, "The Value of Big Data and the Internet of Things to the UK Economy", report for SAS Analytics Software & Solutions, February 2016 *Cebr, "Mind the generation gap: How you can lend a helping hand", report for

, 2016 *Cebr, "London’s Business Base", a report for

, November 2019 *Cebr, "Trade and Cooperation Agreement – London impact: A Cebr report for GLA", Greater London Authority, January 2021 *Cebr, "The impact of digital transformation on the UK economy" report for

, February 2021 *Cebr, "The Business Case for Affordable Housing" Peabody Housing Association, July 2021 *Cebr, "Brexit deal analysis 2021"

*Cebr, "Financial wellbeing and productivity in the workplace", report for Aegon, November 2021 *Cebr, "Inflation Nation – A report by Yorkshire Building Society", Yorkshire Building Society, May 2022 *Cebr, "Economic impact assessment of the Cambridge Biomedical Campus", for

, August 1922 *Cebr, "The Economic Impact of Robotics & Autonomous Systems across UK Sectors" (Final Report), Department for Business, Energy and Industrial Strategy, November 2021

External links

"CEBR report says China to top the world economy in 2028"

China Global Television Network China Global Television Network (CGTN) is the international division of state media outlet China Central Television (CCTV), headquartered in Beijing, China. CGTN broadcasts six news and general interest channels in five languages. CGTN is reg ...

channel at YouTube, 27 December 2021
"India to become $10 trillion economy by 2035, forecasts CEBR"

WION WION (World is One News) is an Indian multinational English language news channel headquartered in New Delhi. It is owned by the Essel Group and is part of the Zee Media network of channels. The channel covers global news and current affairs. ...

channel at YouTube, 27 December 2022
"Reports: World economy is headed for a recession in 2023"
WION channel at YouTube, 27 December 2022 British companies established in 1992 Consulting firms established in 1992 Companies based in the City of London Macroeconomics consulting firms Strategy consulting firms