In recent years, the UK private rental market has seen a surge in demand, and the average price of renting rising 40%. Yet it is the least favoured form of housing tenure, with many renters paying an increasingly unaffordable share of income on rent. The crisis costs the government £27 billion in housing benefits, leads …
Black Wednesday refers to the date 16 September 1992, when the UK was forced out of the ERM. The Exchange rate mechanism was a key policy tool for the Conservative government. The logic of joining the ERM was that the chancellor Nigel Lawson believed that being in a fixed exchange rate Would help to reduce …
Core Inflation. This is a measure of inflation which excludes certain volatile and seasonal prices. It will be based on the Consumer price index but exclude prices such as Petrol (subject to oil price variations) Food (subject to seasonal variations) Core inflation will also exclude the impact of government excise duties. Core inflation is seen …
In the past few decades, the Chinese economy has grown at a breakneck speed, allowing living standards to soar with GDP per person growing 500% in the past 21 years. China has become a major force in the global economy with an estimated 20% of global GDP by 2027. Yet, the seemingly unstoppable rise of …
Over the next few decades, the Indian economy is forecast to become one of the world’s fastest-growing economies – adding an estimated $400bn a year to its GDP. During the twentieth century the Indian economy often struggled to increase living standards, but in the past decade has started to throw off the shackles of colonialism, …
Trade Union density refers to the percentage of the workforce who belong to a trade union. Since the early 1980s, there has been a steady decline in the density of trade union membership in the UK workforce. The decline in trade union density – matching the decline in trade union membership.
Inflation in the UK rose to a 40 year record of 11.1% in Nov 2022 – why is inflation so high and will it come down soon? The last time inflation was so high was in 1981. But, inflation of the 1980s was different in that at least wages were keeping up with inflation. Now …
In September, the Pound plunged to its lowest level on record reaching a low of 1.03 during a day’s trading. The markets were spooked by the government’s unfunded tax cuts and likely £190 bn budget deficit. Investors viewed the Kwarteng/Truss budget as the shortest suicide note in history. Investors sold Sterling and UK bonds, creating …