1970s – The Decade That Nearly BROKE BritainWatch this video on YouTube Readers Question I’m currently looking at stagflation in the mid-1970s in the UK, and the policies the then-Government undertook to solve the economic crisis. Was the Government right to widen the budget deficit 1974-5 in order to stimulate demand, or should it have …
Home repossession – when banks take homes back into their own ownership, Mortgage arrears – when mortgage holders fall behind in their mortgage payments, but not necessarily leading to repossession Home reposessions reached a peak in 1991 with 75,000. This was an era of interest rates of 15%. At a time when most people had …
Rail Privatisation Failure – Why we pay more for TrainsWatch this video on YouTube In the Victorian age, the UK led the world in building railways, it was an invention that changed the world. But, by the 1980s, the state owned British Railways was the butt of jokes, stale sandwiches, declining passengers and closed lines. …
Iss the UK broke? How much can the government borrow? Has the government run out of money? Firstly, how does the UK compare to other countries? The UK is not alone in running government debt close to 100% of GDP. But, it is still nearly double European countries like Norway and Ireland. But, this graph …
Is Buy to Let Sector in Terminal Decline?Watch this video on YouTube From the mid 1990s, the buy-to-let sector saw impressive growth. By 2016, 2 million individuals owned a buy to let property. But, recent events have seen a sharp decline in buy-to-let mortgage lending. It is shrinking as a share of the market …
The US is one of the richest economies in the world – with the 7th highest real GDP per capita. Not only that but the economy is booming with much higher rates of economic growth than elsewhere. However, in the real world, there is a disconnect, despite the undoubted wealth of America, many Americans feel …
Since the financial crisis of 2009, the UK economy has experienced a real decline in economic fortunes. Last month, we entered a recession, but real GDP per capita has been stagnating for a decade. This poor economic performance is creating its own spiral of problems- rising debt, low investment and creaking public services. Recent budgets …
After a sharp increase in the 1980s, income inequality appears to have slightly improved in recent years. However, this general measure of inequality fails to capture many of the increasing divides across the country. Whilst the income share of the top 1% has grown, the poorest 10% have faced falling living standards in a cost-of-living …