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 …
Europe’s population is set to fall from 750 million to 570 million within six decades, and this will have profound economic and social costs. In the 1950s, 1 in 12 people were over 65, now it is 1 in 4. At the end of the century, it will be 1 in 3. Europe’s Fertility Crisis …
Last year, the UK saw a record level of net immigration, 600,000 – and although last year was exceptional, it is forecast to remain above pre-Brexit levels until 2026. Last year was also a year of record rent rises and chronic housing unaffordability. Given the UK’s inability to meet housing targets, how much is immigration …
In recent months, the US Housing Market has seen record house prices, mortgage rates quadrupling from 2 to 8%, and price to income multiples worse than 2006. It is a familiar story across the world. But, so far US house prices have seemed to defy gravity. Yet how long can they remain so elevated? Is …
China is facing a real property collapse with up to 65 million surplus homes, plummeting demand, falling prices and big property developers drowning under a mountain of debt. In the past few decades, the property sector has been a key factor in the Chinese economic miracle but as the boom turns to bust, what will …
UK house prices are overvalued, which is why prices have started falling in most regions across the country. But, the big question is how far do prices need to fall? And where are prices most overvalued? How OVERVALUED are UK House Prices?Watch this video on YouTube In the aftermath of the 1990s recession, UK …
Earlier in the year the UK had record-breaking inflation with both headline and core inflation remaining well above the government’s target and being worse than forecast. As bad news on inflation kept coming the Bank of England increased interest rates 14 times. Finally, in a narrow vote, the Bank paused to halt rate rises. Is …