CIA Quarterly Economic Reports
At the CIA, we undertake a quarterly business survey of our membership. The data collected, and official data provided by the Office for National Statistics, is then presented back to members for further analysis. A comprehensive economic report is then published, looking in detail at the topics discussed by members, in addition to the economic performance of the prior quarter and forecasts for the future.
2021
First quarter (April 2021)
Second quarter (August 2021)
Third quarter (December 2021)
2022
Fourth quarter (April 2022)
First quarter (June 2022)
Fourth quarter (November 2022)
2023
Second quarter (May 2023)
Third quarter (August 2023)
Fourth quarter (November 2023)
2024
Fourth Quarter (February 2024)
CIA Quarterly Economic Report Q1 2024
Economic capability of the CIA
The CIA have a multitude of databases on topics including but not limited to: Trade, Production, Labour Statistics, Regional Analysis and R&D and Investment. This gives us the ability to provide colleagues and members with timely reliable data on any economic topic within the chemical industry.
Letters to Government
Chemical industry proposals for post COVID-19 recovery
CIA Spring Budget Submission
On March 15, the Chancellor of the Exchequer Jeremy Hunt, will deliver his Spring Budget 2023, setting out plans for the Government’s taxation and spending over the next financial period. Ahead of the Budget, the Chemical Industries Association submitted a Budget Representation to the Treasury on behalf of the UK chemical and pharmaceutical industry. The content of the CIA’s Budget Representation was guided by CIA member companies who replied to the CIA Q4 Business Survey, which was live between 9-20 January 2023.
In our submission, the CIA asked Government for action in five areas:
- Energy: Increase Energy Intensive Industry (EII) exemption aid intensity to 100%, pursue Review of Electricity Market (REMA) reforms, ensure Climate Change Agreement (CCA) reform does not remove carbon leakage mitigation, launch consultation on UK Carbon Border Adjustment.
- Investment incentives: Compete with US’ Inflation Reduction Act (IRA) and EU’s soon to be confirmed response. To follow the Super Deduction - full expensing of main rate plant and machinery in the first year and a 50% first year allowance for special rate plant and machinery.
- REACH: A more cost-effective UK registration system, revision of UK REACH fees so that they are proportionate rather than identical to EU REACH.
- Sustainability / net zero: Streamline sustainability reporting, set-up of a UK ETS innovation fund from its auctioning revenue, provide a clear signal for deploying hydrogen and CCS infrastructure in the remaining cluster
- Business Taxes: Focus on improvements to simplicity, generosity and scope of the apprenticeship levy, R&D tax credits and business rates
CIA Budget Representation 2023