Joint statement on behalf of the Advertising Association, IAB UK, IPA & ISBA

Effectively addressing illegal advertising, such as scam ads, and increasing the protection of children requires a united approach and meaningful collaboration between industry bodies and the Government. It’s not something that any one of us can do alone. This is why the Online Advertising Taskforce has been created and it’s that shared focus that has informed the Action Plan released today, which sets out both to improve the evidence of in-scope harms and enhance existing initiatives to tackle them. Together with our respective members, we – the Advertising Association, IAB…

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Record sales promotions investment drives UK marketing budget growth

Total marketing budgets were revised higher during the second quarter of 2023, fuelled by a record increase in revisions to sales promotion activity, according to the Q2 2023 IPA Bellwether Report. While this continues the positive trend that began two years ago, spending weakened slightly from last quarter as persistent inflationary pressures, ongoing interest rate hikes and an uncertain economic outlook led some companies to retrench. Just over a fifth of survey respondents observed growth in total marketing spend during the second quarter, more than the 14.4% who registered budget…

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Companies’ total UK marketing budget growth hits one-year high

Companies’ total UK marketing budget growth is at its strongest since Q2 2022, despite an intensely challenging economic environment both domestically and globally. This is according to the Q1 2023 IPA Bellwether Report. The data reveals the net balance of firms registering upward revisions to their marketing budgets in Q1 2023 is +8.2%, considerably higher than the +2.2% recorded in Q4 2022. While 21.1% of firms saw an expansion, 12.9% of firms registered budget cuts and around two-thirds (66.0%) recorded no change in spending. Growth by category in Q1 2023…

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Companies’ total UK marketing budget growth hits one-year high

Companies’ total UK marketing budget growth is at its strongest since Q2 2022, despite an intensely challenging economic environment both domestically and globally. This is according to the Q1 2023 IPA Bellwether Report. The data reveals the net balance of firms registering upward revisions to their marketing budgets in Q1 2023 is +8.2%, considerably higher than the +2.2% recorded in Q4 2022. While 21.1% of firms saw an expansion, 12.9% of firms registered budget cuts and around two-thirds (66.0%) recorded no change in spending. Growth by category in Q1 2023…

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Total UK marketing budgets continue to grow despite looming UK recession

While the UK economy is widely expected to have entered a technical recession at the end of the year, the latest Q4 2022 IPA Bellwether Report signalled another quarter of total marketing budget growth across the final three months of 2022. Around one-fifth of survey respondents upwardly revised their total marketing spending in the fourth quarter (20.2%), while 18.0% registered budget cuts. Overall, the net balance recorded in positive territory for the seventh successive quarter (+2.2%) and marked the longest uninterrupted sequence of growth for four years. Overall, growth was…

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