Industrial truck manufacturing has been an active part of the US economy for more than 100 years. Forklifts and powered industrial trucks are integrated througout almost every good producing and consumer product industry--streaminglining efficiency and productivity. Industrial truck manufacturing, distribution and dealers have an economic contribution of almost $26 billion, which support nearly 209,600 jobs in the US. This in turn has generated about $5.3 billion in federal, state, and local taxes. 

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Today, some 3.3 million salaried workers across the US retail and restaurant industries can be exempted from the right to receive overtime pay because they earn at least $455 per week—the so-called overtime threshold. The Department of Labor is currently preparing a proposal that would change the rules that govern overtime payment.

To better understand the effects of these changes, Oxford Economics conducted an analysis using three possible modifications of the overtime regulation—raising the wage threshold to $610, $808, and $965 per week. This report explores the effects on the retail and restaurant industries under these three scenarios.

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This study investigates the economic contribution the full-service leasing and rental sector makes to the UK economy. In 2013, the sector owned some 3.6 million vehicles (cars, light commercial and HGVs). This was over 10% of the vehicles on the UK's roads that year. Of these, some 11 vehicles in every 100 were leased, with a further two rented.

In 2013, the sector supported a £24.9 billion gross value added of the individual impacts of the operations of the industry itself, the UK-made vehicles it purchases, the use of UK made engines, the activity in dealerships, and its impact on the used-car market. This is equivalent to the size of the economies of Edinburgh and Leicester combined.

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This study, commissioned by leading players from the aviation and tourism sectors and published at the Annual Conference & Exhibition of the Airport Operators Association (AOA), the trade body for UK airports, on 10 November, shows that all three elements of the sector made a significant contribution to the UK economy.

It brings together data for airlines, airports and other ground-based infrastructure and aerospace manufacturing. It shows that aviation provides substantial economic benefits to the UK economy and its citizens, some of which are unique and essential to the operation of a modern economy.

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Oxford Economics has estimated the contribution of the innovation, research and technology sector to the UK economy, taking into account not only the direct, indirect (supply chain) and induced (employee spending) impacts, but also a range of additional or 'catalytic' impacts.

The latter are particularly important for this sector, due to the amount of research and development undertaken by the organisations themselves and to activities enhancing the benefits of R&D undertaken by universities and industry (e.g. through collaboration, networking and the provision of facilities such as technology parks).

Taking all of these impacts into account, we estimate the sector's contribution to the UK economy in 2013 to have been in the £32-36 billion range, or some 2.3-2.6% of total GDP.​

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