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 …
How QE Damaged the Economy and Housing MarketWatch this video on YouTube When we are young, we are taught money doesn’t grow on trees, but that’s not quite true, with QE the Central Bank can create as much money as it likes. And since the financial crisis, the Bank of England created £845 billion …
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 …
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, …
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 the past few months, inflation in the UK has halved from 10 to 4.7%. In the US it has fallen to 3% but ask an average shopper and they may express scepticism, the cost of living seems to be rising much faster. In 2021 Jordan Peterson tweeted that he believes inflation was 15% rather …
In 2016, the UK voted to leave the EU. Before, 2016, Eurosceptics would talk in admiring terms of Norway and Switzerland. Countries outside the EU, but with most of the economic benefits. The problem is that after the simplicity of a campaign to leave the EU, the question of what came next was surprisingly tricky. …
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 …