Labour's Big Budget GambleWatch this video on YouTube It was one of the biggest budgets in decades – Higher tax, higher spending, and more borrowing. Rachel’s Reeves hopes it will boost economic growth, avoid austerity and restore public services. But it is a gamble because if it fails to increase growth the UK will need …
The Australian economy is unique. 35% of the country is practically desert and geographically it is isolated. 98% of its trade is exported by sea. Yet, it has become one of the richest countries in the world. Richer than the UK, France and Germany. From 1991 to 2020, it experienced the world record for the …
After the housing crash of 2009, many houses were bought at discount prices by buy to let landlords, and the share of buy to let rose to a record share of the market. But, 2016 was a turning point, with government legislation imposing higher tax rates on landlords in an effort to reverse declining home-ownership …
Last May, Rishi Sunak could boast that the UK was the fastest growing economy in the G7. And, after a fashion, he was correct. Not only that but UK inflation has fallen close to its target of 2% and Sterling has reached its highest level for eight years. Were the Tories about to do the …
When displaying time series data, it often makes sense to use index numbers. Index numbers are a simple way of making it easier to compare numbers over a period of time. Index numbers measure relative changes in the price of a sum of representative data. For example, the FTSE-100 is an index displaying the average …
In the past few years, the UK has seen a rise in the tax burden, but at the same, the UK has seen a reduction in the average rate of economic growth. Is low growth leading to a higher tax burden or is it the high tax burden which is itself contributing to sluggish growth? …
The British Wage Disaster – Why Wages Lower than EUWatch this video on YouTube Compared to many major European economies, UK average wages are lower and this is before we take into account relatively higher housing costs and longer working hours for British workers. In the past 15 years, the UK has seen pretty much …
In the past 15 years, there is a general sense that many public services have been deteriorating. This isn’t just pessimism but backed up by longer waiting lists, crumbling infrastructure, even a record number of potholes. But this fiscal blackhole is likely to get worse before it gets better. The Hidden Financial Black Hole Waiting …