It’s not a good time to be a member of the Monetary Policy Committee. Inflation far exceeding forecasts and the Bank was forced into something of a u-turn belatedly increasing interest rates in a shock-and-awe tactic designed to regain credibility. Some critics argue the recent interest rate rises are like using a sledgehammer to crack …
As elections loom, the Turkish economy is facing a self-inflicted economic crisis of high inflation, and a cost of living crisis that dwarfs what we see elsewhere in Europe. Turkey's Self-Inflicted Economic CrisisWatch this video on YouTube In recent years, Turkey has seen inflation rate surge to over 80% – leaving over 53% of people …
Definition – Demand is price inelastic when a change in price causes a smaller percentage change in demand. It occurs where there is a price elasticity of demand (PED) of less than one. Goods which are price inelastic tend to have few substitutes and are considered necessities by users. Diagram of price inelastic demand For …
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 …
10 Reasons Landlords Are SELLING UP in 2023Watch this video on YouTube For the past eight years there has been a net exodus of landlords from the private rental market – tighter regulations, tax changes and now the double whammy of inflation and rising interest rates is leading to a shortage of rental properties, …
Source: ONS NPEN Total UK Business investment since 1997. After sharp fall in 2009 due to global recession, investment recovered quite strongly. In 2016, Investment fell, at least in part, due to the uncertainty of the Brexit vote and leaving the Single Market. The covid pandemic caused another sharp fall in investment. The poor investment …
Nearly two years after leaving The Single Market, the UK economy is facing a host of problems including high inflation, low investment and falling growth. All problems exacerbated by Brexit. Last month, food inflation rose to 15%, the highest level for decades. This is primarily due to rising energy prices, But, experts at LSE state …
Britain is facing a chronic backlog in many public services. This includes record NHS waiting lists, a shortage of housing, delays in the criminal system, and a surge in unprocessed asylum requests. On top of this, there is a cost of living crisis, falling real wages and the highest level of strikes this century. It …