Evaluate the importance of managing aggregate demand (AD) to bring about a sustained reduction in the rate of unemployment in the UK economy. In 1992 Unemployment in the UK rose to 3 million. A significant part of this unemployment this was due to the recession of 1992. In a recession, demand deficient unemployment will increase. …
Things can appear pretty bleak. We have warnings of a collapsing economy, record waiting lists, crumbling infrastructure and rising homelessness. The government might have changed, but the problems seem the same. Wages have stagnated and young people have low expectations of their future. It wasn’t always like this. In the post-war period, real wages were …
Over the past 35 years, rents have risen faster than inflation. But, even as rents reach record levels, they are forecast to keep growing. The latest surveys show a continued mismatch between rental demand and rental supply meaning another year of inflation-busting rent rises. The problem is we have such a mismatch of supply and …
The UK housing market is a nightmare for first-time buyers. Average deposits £47,000. House prices eight times income, and for renters it’s even worse with rents remorselessly rising. But, there’s a new government and they have pledged to build 1.5 million homes in the next five years. Assuming they can achieve this goal, which is …
Is Buy to Let Sector in Terminal Decline?Watch this video on YouTube From the mid 1990s, the buy-to-let sector saw impressive growth. By 2016, 2 million individuals owned a buy to let property. But, recent events have seen a sharp decline in buy-to-let mortgage lending. It is shrinking as a share of the market …
Is US Economy Heading to Recession For 2024 Election – Six Warning SignsWatch this video on YouTube The US economy is currently booming with economic growth of over 3%, record employment figures and core inflation falling to 2%. It has been labelled the Goldilocks economy – everything is appearing to go well, but last year, …
We face multiple housing crises all at the same time. Mortgage rates are soaring, yet renters face a broken market for years with rising rents and a shortage of properties. Buying is out of reach for many, but renting is just as bad. There is a growing division between an elder generation who have paid …
There is no doubt that as the economy emerged from Covid lockdowns in 2021, the world experienced a surge in inflation, not seen since the 1970s. There are many supply and demand factors, which have caused this unexpectedly high inflation. The first factor is that Covid lockdowns, especially in China and Asia, disrupted global supply …