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 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 …
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 …
After years of delays and rising costs, HS2 has been severed. The most valuable part of the route, connecting the north to London has been cancelled leaving the least valuable section a suburb of Birmingham to a suburb of London (hopefully it will make it to Euston but no guarantee). It risks being a £50 …
Is the Polish Economy Set to Overtake the UK Economy?Watch this video on YouTube In 2000, the average GDP per capita in the UK was over three times that of Poland. But with the UK economy stuck in a trap of low economic growth, forecasts suggest, on current growth trends Poland could overtake the UK …
In the space of 18 months, Bank of England base rates have risen from historical lows to 5%, with more expected. It’s a remarkable turnaround for an economy accustomed to ultra-low borrowing costs – the rapid increase in rates have seen soaring mortgage costs and threatens to push an already struggling economy into recession. Yet …
The UK economy is in dire straights. High inflation, low growth and rising debt. Since 2007, productivity has slowed down, leading to lost output and one of the worst growth rates in the OECD. The brunt of the slowdown has been felt by average workers, who have seen an unprecedented fall in real wages and …
Since 2008, the US economy has grown at double the rate of the UK economy. Since Covid, the UK is stagnating whilst the US has grown strongly. Despite much faster growth, inflation in the US is dropping fast, whilst the UK seems stuck with high inflation and the worst of both worlds. Why is the …