In May 2010, the Conservative coalition entered government against a backdrop of the great financial crisis, which had sent the pound tumbling, a deep recession and record government deficits. Cameron and Osborne blamed the crisis on high debt and wasted no time in imposing austerity measures on the economy. Yet, 14 years after the start …
New Labour – The Economic Impact of Blair and BrownWatch this video on YouTube By 2007, New Labour had presided over the longest period of economic growth in the post-war period. It was the goldilocks economy with low inflation, low unemployment and an impressive rise in spending on the NHS and education. But, the devastating …
In the post-war period, the UK economy grow at 2.5% a year, but since great financial crisis, growth has slowed down markedly. 13 Years of Economic Decline – Is Conservative Government to Blame?Watch this video on YouTube The OECD report that since 2010, the UK has seen growth of just 0.1% in average wages, significantly …
Since 2008, the UK’s growth rate has slowed down sharply. Before 2008, productivity grew at 2.2%, but in the past 15 years, it has averaged just 0.5%. It is not just the UK which has seen a slowdown in productivity, but the UK has definitely fared much worse. It has become known as the UK …
In both 2007 and 1991, house prices fell 20%, will see something similar this year? The really interesting question is whether house prices return to the post-war levels of affordability like after the crashes of 1990 and to a lesser extent 2008. Will The House Price Crash Be Like 1991 and 2008?Watch this video on …
Brexit Costs include Food inflation/Food shortages Devaluation of Pound Slower economic growth Fall in tax revenue/less spending Custom Duties and Tax Decline in Trade Fall in Business Investment Labour Shortages Illegal crossing/Small crossings Frictions to travel 10 Problems of Brexit: Why The Economic COSTS Keep GrowingWatch this video on YouTube In recent weeks, …
In 1952 when Queen Elizabeth II came to the throne, the UK was a major economic power, but still reeling from the costs of the Second World War, with rationing and austerity still visible. The post-war period saw a remarkable rising living standards, strong economic growth and radical changes in the economy, but also saw …
Readers Question: Why was inflation higher in the 1970s? In 2022, inflation has increased in western Europe to the highest levels for many years. With inflation in UK and US approaching 10%. Yet, despite rising oil prices and other inflationary pressures, inflation is still considerably lower than in the 1970s. A big question is whether …