Readers Questions: I want to know the economic reason behind: Summer/Winter vacations in school? or: Why we have summer/winter vacations in school. This is an interesting question, especially as I have just finished teaching for the year and begun the long summer holidays myself. Possible economic reasons Non-monetary benefit for teachers. Generally, teachers pay is …
Readers Question: Europe is in grip of real deflation and low growth period but then why Euro is on a rise In recent months, European inflation has fallen to 0.5%. In several countries within the Eurozone, countries are now experiencing actual deflation. In the past year, the Euro has appreciated against a basket of currencies, …
I was looking at the scale of previous recessions. The current recession, which technically ended last quarter with a 0.1% rise in GDP, is the second worst on record. I was surprised to find that in the Great Depression, UK GDP only fell 10%. However, it is somewhat misleading. The UK economy struggled in the …
Readers Question: What is the most important reason why there is an improvement in the economic growth in the chinese out of the following policies. is it Government policy, education, investment from overseas, cheap labour or natural resources. 1. Cheap Labour China has a large unskilled workforce willing to work for low wages. In the …
It’s been a week of unexpectedly bad news for the UK economy. Inflation was higher than expected 3.6% and core inflation 4.3%. Unemployment was also higher than expected, and that is after last weeks economic growth was lower than predicted – a 2nd month of negative growth. It is only a matter of time before …
US Treasury Secretary Scott Bessent recently criticised China for having the most unbalanced economy in the history of the world. Omniously, he said, “China cannot be allowed to export their way back to prosperity.” The US is doing their best to upend the global trading system and make it difficult for China. In 2025 US …
After a bankbench rebellion, the chancellor Rachel Reeves was visibly upset in parliament this week, perhaps she had just been given the latest UK economic forecasts. When the OBR published this forecast for UK debt, one commentator said it was misleading and alarmist, because it assumes policy never changes. But, the evidence from recent years …
Is there a crisis facing young men? In recent decades, many traditional male jobs have disappeared and this has caused a significant drop in male employment levels. In 1970, economic inactivity rates for men were 16% today it has risen to 32%. This decline in traditional employment patterns has contributed to a growth in mental …