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 …
In the post-war period, the UK economy grow at 2.5% a year, but since great financial crisis, growth has slowed down markedly. 13 Years of Economic Decline – Is Conservative Government to Blame?Watch this video on YouTube The OECD report that since 2010, the UK has seen growth of just 0.1% in average wages, significantly …
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 …
Is the Polish Economy Set to Overtake the UK Economy?Watch this video on YouTube In 2000, the average GDP per capita in the UK was over three times that of Poland. But with the UK economy stuck in a trap of low economic growth, forecasts suggest, on current growth trends Poland could overtake the UK …
We face multiple housing crises all at the same time. Mortgage rates are soaring, yet renters face a broken market for years with rising rents and a shortage of properties. Buying is out of reach for many, but renting is just as bad. There is a growing division between an elder generation who have paid …
The economist recently warned that governments are living in a fiscal fantasyland, failing to confront dire and growing levels of debt. High inflation and rising interest rates have caused a surge in debt interest payments. By next year, the UK’s debt service payments will be similar to the entire education budget. It is a similar …
With mortgage rates soaring, and with the most pessimistic forecasts that house prices could fall by up to 35%, does it make sense to wait until after the current housing crisis has eased before buying? There’s no simple answer because it depends why you are buying and where you live. But, the housing market is …
Greed Inflation is a term used to describe a higher inflation rate due to firms increasing their profit margins. In a period of high inflation, it becomes easier for firms to slip in rising profit margins too. Greed inflation is more likely in markets where firms have a degree of monopoly power and they can …