What is the UK’s debt burden? Firstly, there are different types of debt to consider Government debt – See: public sector debt (often referred to as National debt) Private sector debt – indebtedness of householders, finance sector and non-financial companies. External debt – the amount we ‘owe’ to other countries In addition, you might take …
I’ve just got back from my Christmas holidays. I spent two weeks in Croatia (the EU’s newest member, 2013). It was very beautiful by the coast, if somewhat cold. Just like students find it hard to write the first essay after a three week holiday, I also struggle to get into the flow of economics …
Readers Question: Why do the costs of living keep going up and our wages do not match it? In recent years, many people have seen the cost of living rising faster than wages. This has led to a fall in real wages – wages increased less than inflation. This effectively means a fall in the …
Readers Question: Would it be possible for a nation to claim that is reducing inflation rate successfully through economic measures, however at same time is allowing increase of commodities prices such as bread, meat, and etc… Firstly a fall in the inflation rate, means prices are still rising. Just at a slower rate. For example …
Since 1964 the population of the UK has grown by over 10 million people (18.7%). About 50% of this growth has occurred in the past 15 years. In recent years, the rate of population growth has exceeded 0.6% a year. UK population predictions The biggest population growth is predicted in England, and the south east …
Readers Question: Do you think the help to buy scheme is fuelling a housing bubble? Only about 3% of houses are bought through this method but do you think that it is likely that a bubble will develop? In a way, I think you answer the question yourself in stating that only 3% of houses …
Readers Questions: is this the worse time to be a young adult in the UK? I will answer this question primarily from the economic point of view. The first thought that springs to mind is that if you look at the long history of the UK, this is probably a good time to be young …
Readers Question. Just saw a video called ‘How to waste £375 billion? (The Failure of Quantitative Easing)’ by Positive Money. I’ve recently started reading your blog and find your posts very informative. I wonder what you make of the ideas in this video and of this group in particular? (I haven’t seen the video. For …