Following the 2010 General Election, no party held an overall majority – with the Conservatives winning the most of any party with 306 seats. A coalition government comprising of the Conservatives and the Liberal Democrats followed, marking the first coalition government since the Second World War. Both parties entered government in the wake of theContinue reading “The Economic legacy of the Coalition Government”
Author Archives: Jamie Dean
Inflation during the 1970s
Inflation isn’t a major issue in 2021 Britain; the inflation rate has averaged at just under 2% over the past decade. However, those living in the 1970s weren’t so fortunate; the inflation rate reached a peak of 25% in 1975. Prior to the 1970s, economists thought that there was an inverse relationship between unemployment andContinue reading “Inflation during the 1970s”
Global Minimum Corporate Tax. A good idea?
At the time of writing, 130 countries have backed a global minimum corporate tax rate of 15% – designed to discourage multinational corporations from purposefully redistributing profits and thus manipulating their tax returns in the process. The aim is to increase tax revenues, by taxing corporations regardless of where their sales are made. However, theContinue reading “Global Minimum Corporate Tax. A good idea?”
Foreign aid
The economics of foreign aid spending has been contentious for a long time. Last November, the government declared that overseas aid spending would be 0.5% of national revenue in 2021, a 29% reduction from the stipulated 0.7%, enshrined into law in 2015. Although UK assistance spending as a percentage of national revenue will remain highContinue reading “Foreign aid”
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