Analysis

NICs Revenue — High Migration Projection

Projected nics revenue under high migration scenario

projectionUnit: £Source: CCI Projection Engine v1.0

The metrics below move with NICs Revenue — High Migration Projection across UK places. A positive correlation means the two tend to rise together; a negative one means as this rises, the other tends to fall.

Strongest positive correlatesRise together

#	Metric	Strength	r	n
1	Income Tax Revenue — High Migration Projectionprojection	very_strong	1.00	514
2	Total Revenue — High Migration Projectionprojection	very_strong	0.99	514
3	NICs Revenue — Baseline Projectionprojection	very_strong	0.97	514
4	NICs Revenue — Low Fertility Projectionprojection	very_strong	0.97	514
5	Income Tax Revenue — Low Fertility Projection

Strongest negative correlatesMove in opposite directions

#	Metric	Strength	r	n
1	Cumulative Balance (incl. Interest) — Baseline Projectionprojection	strong	-0.64	514
2	Net Fiscal After Interest — Baseline Projectionprojection	strong	-0.64	514
3	Cumulative Deficit — Baseline Projectionprojection	strong	-0.64	514
4

How to read this

Correlation ≠ causation. A strong correlation does not mean one metric causes the other. Both may be driven by a shared underlying factor, or the link may be coincidental.
r is the Pearson correlation coefficient (−1 to +1); n is the number of places compared. Larger n means a more reliable estimate.
Click any correlate to explore its drivers and walk the network of relationships.

Data: precomputed cross-metric correlations (latest period).

← All metric drivers Correlation matrix →Correlation network →

How to read this

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