The post-recession economic recovery in the UK has been far from great. The coronavirus outbreak hit the British economy harder than most, with GDP falling 12% in 2020 – the third largest contraction in the G20. GDP in six of the twenty G20 nations is now above pre-pandemic levels; at the same time, the UKContinue reading “The poor state of the UK economy”
Category Archives: Current Affairs
Build Back Better?
During his Presidential campaign in 2020, Joe Biden ran on a ‘Build Back Better’ platform, promising to improve American infrastructure and public services in the aftermath of the coronavirus pandemic. Following its outbreak, the virus has caused a huge spike in unemployment, having risen from 3.7% prior to the pandemic to 13.5% at its peak.Continue reading “Build Back Better?”
Evaluating the Autumn Budget
Rishi Sunak, chancellor of the Exchequer, has just announced the government’s fiscal plans for the coming year. Gifted with more optimistic economic forecasts compared to those produced by the IFS in March, Sunak was given more flexibility in his fiscal agenda with room for tax cuts or spending increases. The chancellor opted for a combinationContinue reading “Evaluating the Autumn Budget”
Wealth Inequality means nothing
Growing wealth inequality is often touted as one of the biggest flaws of the capitalist system we have today. The GINI coefficient is an indicator that measures wealth inequality and income disparity, with higher scores suggesting more extreme income gaps between the rich and the poor. As of 2016, this is at 0.35 in theContinue reading “Wealth Inequality means nothing”
Free Marketeer 