In recent months, the plummeting price of oil has damaged the Russian economy, and it has got worse because, with oil and gas prices below pre-2022 levels, Western economies have become more confident in actually implementing sanctions and intercepting Russian-controlled oil tankers that are breaking sanctions. The result is that while the global price of …
The NHS was founded in 1948. At the time, it was a revolutionary new system of offering basic health care, free at the point of use. After its introduction, there was a surge in demand as people who previously couldn’t afford health care went to the NHS for basic treatments like reading glasses, dentistry work …
Definition Quantitative Easing. This involves the Central Bank increasing the money supply and using these electronically created funds to buy government bonds or other securities to reduce interest rates in the economy. Quantitative Easing (QE) Quantitative easing (QE) is an unconventional monetary policy used by central banks when interest rates are close to zero. It …
In recent years, the share of young people buying a house has fallen. Home-ownership is becoming increasingly an older-person’s game. Yet 71% who do not currently own a house still have the aspiration to own a home in the future but how many will be able to fulfil their dream? The problem is that the …
Inflation is a sustained increase in the general price level in an economy. Inflation means an increase in the cost of living as the price of goods and services rise. The rate of inflation measures the annual percentage change in the general price level. A fall in the inflation rate means prices are increasing at …
In the past year, the dollar has fallen 13% against the Euro. And this week has seen another rollercoaster ride. With President Trump saying he wants a weaker dollar, investors have taken him at his word. But, big investors feel the dollar has been overvalued for years, and there is still a long way for …
Readers Question: What caused the massive decrease in the debt to GDP ratio for the UK following World War II? It is a good question to ask. Despite setting up welfare state, NHS and house building programme UK debt as a share of GDP fell. (as it did in many other countries. But, UK …
An appreciation means an increase in the value of a currency against other foreign currency. An appreciation makes exports more expensive and imports cheaper. An example of an appreciation in the value of the Pound 2012 – 2015 Jan 2009 If £1 = €1.1 June 2012 £1 = €1.4 In this case, we can say …