Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Free movement of labour – advantagesPosted on June 25, 2016
Definition of free movement of labour – It means that workers are entitled to look for work in another country, without requiring any visa. Free movement of labour is a fundamental principle of the EU. It means EU citizens are entitled to look for a job in another EU country. Also, qualifications are universally accepted …...More
Will Brexit cause recession?Posted on June 24, 2016
Will the UK’s decision to leave the EU cause recession? Factors which could cause Brexit recession Loss of confidence. Many foreign investors may be deterred from investing in the UK because of uncertainties that they may have higher costs for accessing the Single Market. This decline in investment could lead to fall in aggregate demand. …...More
Winners and losers from a weak PoundPosted on
The Brexit vote has led to sharp fall in the value of the Pound, at one stage falling to £1 = $1.33 – a fall of over 10%. This will have a significant impact on British firms, consumers and also those outside Europe. In short: A weak Pound makes foreign goods / foreign holidays more …...More
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