A selection of graphs and statistics about US Federal debt and the US Federal budget deficit / surplus. US Federal Deficit since 1946 The federal deficit is the annual difference between federal spending and federal tax revenues. For example, in 2012, Federal receipts (tax e.t.c) were $2,450.2 billion ($2.4 trillion) (15.8% of GDP) Federal spending …
To what extent can the government help boost domestic industry and manufacturing? In recent weeks, several politicians have talked about their desire to help UK manufacturing and boost industrial production. It may be a noble endeavour to try and boost UK industry and rebalance the economy away from financial services to manufacturing. But, how practical …
Readers Question: I wanted to ask if it is necessary to include some facts, figures or information about what is really going on in the world. I am not really sure about it. I’ve seen my friends include details like the National Income figure of some countries or mention recession and what is really going …
Readers question. Recent data suggests an increase in the current account deficit – is the depreciation of the UK pound ineffective or is it just a blip in exports that will resolve itself next quarter? The UK has experienced a persistent current account deficit since the mid 1980s (see: UK current account for more graphs) …
NEET stands for ‘Not in Employment, Education or Training’ It is used to measure social exclusion, economic inactivity and levels of disengagement from labour markets. It was created to measure levels of labour market participation amongst young people in the UK. In the UK, NEET measures the percentage of young people aged 16-24 who are …
The German Finance Minister Wolgang Schauble has been a strong advocate of austerity, supply side reforms and ‘sound money’ policies. (i.e. sticking rigidly to inflation targets). Generally, this has been the preferred approach of Europe to the ongoing debt crisis and recession of the past few years. Recently, he has claimed that the European economy …
Another few graphs to look at the impact of the UK budget deficit on bond yields and interest payments. Government net borrowing for 2012-12 excluding Royal Mail pension fund transfer and Asset Finance Programme (AFP – the proceeds from Q.E) Government borrowing vs debt interest payments The very large deficits have had little impact on …
This website is managed by Tejvan Pettinger (born 1976, UK). He lives in Oxford where he works as an Economics teacher (A-Level students) He has also published five books on economics. Background Bradford Grammar School Lady Margaret Hall, Oxford University PPE (2:1) (1995-99) CV Examiner and Team Leader Edexcel exam Board (2001-2007) Has contributed articles …