In the past 15 years, there is a general sense that many public services have been deteriorating. This isn’t just pessimism but backed up by longer waiting lists, crumbling infrastructure, even a record number of potholes. But this fiscal blackhole is likely to get worse before it gets better. The Hidden Financial Black Hole Waiting …
Iss the UK broke? How much can the government borrow? Has the government run out of money? Firstly, how does the UK compare to other countries? The UK is not alone in running government debt close to 100% of GDP. But, it is still nearly double European countries like Norway and Ireland. But, this graph …
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 …
For three decades, the Chinese economy boomed, transforming itself into the world manufacturing hub. Up to 70% of suppliers on Amazon rely on Chinese supply chains. Buy any electric good and it’s likely to say ‘Made in China’. But, the Chinese economy is in crisis. A property collapse has seen prices fall and flats remain …
After a sharp increase in the 1980s, income inequality appears to have slightly improved in recent years. However, this general measure of inequality fails to capture many of the increasing divides across the country. Whilst the income share of the top 1% has grown, the poorest 10% have faced falling living standards in a cost-of-living …
Last week the UK economy slipped into recession. But, was it avoidable? Why are interest rates not coming down when households are facing the greatest squeeze on incomes for a generation? Although inflation is falling it is still above the inflation target, but it is a mistake to prolong a recession, when inflation is expected …
The UK is in recession, but the real story is 13 years of stagnant wages. 0% growth in real wages is unprecedented in the post-war period. This period of flatlining growth is leading to higher taxes and fewer public services. It is an unwelcome cycle of low growth, low investment and increasing pessimism. But …
Why The UK economy is in Recession but US is BoomingWatch this video on YouTube Whilst the UK economy slips into recession, The American economy is booming. Latest figures show US growing at nearly 5%, but the UK economy seems stuck in a near perpetual stagnation. (Germany is doing slightly worse. In the past five …