Since the financial crisis of 2009, the UK economy has experienced a real decline in economic fortunes. Last month, we entered a recession, but real GDP per capita has been stagnating for a decade. This poor economic performance is creating its own spiral of problems- rising debt, low investment and creaking public services. Recent budgets …
Thatcher introduced a break with the post-war consensus introducing new economic ideas such as Monetarism Free-market supply side policies Privatisation Tax cuts (especially for high income earners) Reduced power of trade unions. The impact was far ranging. Did Thatcher Ruin or Save the UK Economy?Watch this video on YouTube The 1970s Economy The 1970s was …
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 …
The UK economy remains on a knife edge, after a year of stop-start economic growth, the Bank of England forecasts continued economic stagnation into 2024. Other forecasters are marginally less pessimistic, hopeful that a fall in inflation will help to increase real wages and consumer spending. UK Economic Forecasts for 2024Watch this video on YouTube …
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 …
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 …
A majority of Europeans fear the EU could break up in the next 10 to 20 years. This is despite support for EU membership increasing in recent years. So why is there concern the world’s most successful regional block could split apart? EU Breakup – SIX Factors That Threaten EUWatch this video on YouTube Brexit …