Evaluate the importance of managing aggregate demand (AD) to bring about a sustained reduction in the rate of unemployment in the UK economy. In 1992 Unemployment in the UK rose to 3 million. A significant part of this unemployment this was due to the recession of 1992. In a recession, demand deficient unemployment will increase. …
Will Life Get Worse of Better for the Young Generation?Watch this video on YouTube Double-digit inflation, youth unemployment soaring, and a general sense of the UK’s economic decline. Is there any hope for the younger generation? Now here I’m not actually talking about 2025, that was the 1970s and early 1980s. It’s never been easy …
Things We Get Wrong About the EconomyWatch this video on YouTube The Government doesn’t actually print that much money The Bank of England is notionally independent, but heavily regulated by the government. Have you ever wondered how much physical cash the Bank of England printed last year? The net amount of notes in circulation increased …
1970s – The Decade That Nearly BROKE BritainWatch this video on YouTube Rubbish piled on the streets, record levels of strikes, an IMF bailout and runaway inflation. The 1970s has gone down in the popular imagination as a dark time, literally in the case of the 3-day week, when lights were turned off, but …
Will Printing Money and QE cause Runaway Inflation?Watch this video on YouTube After the First World War, the German government were left with huge debts and reparation payments to the Allies. Faced with striking workers the government began printing money to pay workers higher salaries. It gave the government a temporary breathing space, …
Just when you think it couldn’t get any worse, the threat of a global trade war has contributed to confidence in the UK economy plummeting to record lows. The IPSOS economic index is running at the lowest level since records began. But, it’s more than just international turmoil; dissatisfaction with the economy has been building …
Will the Pension Triple Lock Bankrupt Britain?Watch this video on YouTube In 1909, the UK provided the first state pension to those over 70. At the time, the average life expectancy was just 52. Since then, the average life expectancy has increased to over 81. But, the pension age today is 66. It means the …
How to Deal with AI – Universal Basic IncomeWatch this video on YouTube AI is coming for your job. It doesn’t matter if you are taxi driver, accountant or god forbid writer and podcaster, AI and chat bots are going to be able to do it better. Goldman Sachs forecast 300 million jobs could be …