In 2009, Central Banks around the world cut interest rates dramatically to 0%. It was supposed to be a temporary reaction to a short-term crisis. Markets and experts all predicted interest rates would soon rise. But for 13 years, interest rates defied predictions staying close to zero. But, just as zero interest rates appeared to …
Why Norway Became Rich From Oil But The UK Lost OutWatch this video on YouTube Norway and UK are neighbours, separated only by the North Sea, with its rich mine of oil and gas reserves, but whilst Norway has used its good fortune to become the richest country in the world. The UK’s oil bonanza …
10 Reasons Why Italy Become the Worst Performing EconomyWatch this video on YouTube Italy ranks 5th in the global league for tourist destinations, and its easy to see why, beautiful countryside, great weather and a rich legacy of art and culture. But, these historic assets have been unable to prevent Italy being one of the …
In the past few months, inflation in the UK has halved from 10 to 4.7%. In the US it has fallen to 3% but ask an average shopper and they may express scepticism, the cost of living seems to be rising much faster. In 2021 Jordan Peterson tweeted that he believes inflation was 15% rather …
In 2016, the UK voted to leave the EU. Before, 2016, Eurosceptics would talk in admiring terms of Norway and Switzerland. Countries outside the EU, but with most of the economic benefits. The problem is that after the simplicity of a campaign to leave the EU, the question of what came next was surprisingly tricky. …
In 1979, Mrs Thatcher was elected Prime Minister of the UK. At the time, the UK was experiencing double-digit inflation, trades unions were powerful and there were signs British industry was becoming increasingly uncompetitive. Mrs Thatcher introduced revolutionary economic policies which had a deep impact on the UK economy. They were characterised by a belief …
In the past few decades, the European economy has fallen behind. Whilst the US economy booms, Europe struggles to avoid recession. In dollar terms, in 2008, the EU was 90% the size of the US, today it is 65%. As a share of world GDP, Europe is declining, overtaken by China and in the future …
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 …