In the last quarter of 2024, the UK had the lowest rate of economic growth amongst advanced economies. Yet it also had the highest Central Bank interest rate. 4.75%. It is higher even than the Federal Reserve, despite US growth being almost double the UK in recent years. Is Bank of England Pushing Economy into …
A look at the effect of tariffs on consumers, government tax revenue, domestic firms and net economic welfare.
London can be a great place to live, with a strong economy, a wealth of high-paying jobs, and a rich legacy of art, sport and culture. It’s become a melting pot of world cultures and is the top European city for tourist visits. Symbols of London are instantly recognisable. Yet, at the same time, its …
Is UK Debt Getting Out of Control?Watch this video on YouTube The start of 2025, saw UK bond yields soar to the highest level since 2008, causing the media to panic the UK was heading towards another debt crisis – worse than Lizz Truss, some papers rather hysterically claimed. Since 2003, UK debt has risen …
Things can appear pretty bleak. We have warnings of a collapsing economy, record waiting lists, crumbling infrastructure and rising homelessness. The government might have changed, but the problems seem the same. Wages have stagnated and young people have low expectations of their future. It wasn’t always like this. In the post-war period, real wages were …
How Ireland Overtook the UK economyWatch this video on YouTube In the post-war period the newly independent Republic of Ireland still lagged the richer UK economy across the sea. It was a largely agragrian economy, with wages 40% the level of the UK and widespread poverty. But, over the next few decades, the Irish …
There’s been no honeymoon for the new Labour government. Since the election in July, UK growth has continued its long-term trend of barely existing. Recent data disappointed analysts with output falling in the last two months. Monthly data is noisy, but it comes amidst business warning of a weaker labour market, with higher national insurance, …
Over the past 35 years, rents have risen faster than inflation. But, even as rents reach record levels, they are forecast to keep growing. The latest surveys show a continued mismatch between rental demand and rental supply meaning another year of inflation-busting rent rises. The problem is we have such a mismatch of supply and …