At the start of the coronavirus pandemic, the government introduced a temporary £20 uplift to Universal Credit. It was announced to help claimants through the economic disruption that the pandemic brought with the Universal Credit recipients doubling between March 2020 and January 2021 from three to six million. However, on October 6, the temporary upliftContinue reading “A cut to Universal Credit”
Category Archives: Current Affairs
Low Interest rates and inflation
Most economists consider interest rates and inflation to be inversely proportional. When real interest rates are low, periods of high inflation should occur and vice-versa. With this said, inflation in the UK has averaged a meagre 2% between 2010-19, whilst interest rates have stood at record lows. This pales in comparison with the 1990s, whichContinue reading “Low Interest rates and inflation”
Economic cost of the War in Afghanistan
The War in Afghanistan officially started in late 2001, following the horrific events of 9/11. The Bush Administration initially demanded that the Taliban release Al Qaeda leader Osama Bin Laden, who orchestrated the infamous attacks on American soil. However, following the Taliban’s refusal to extradite him, the US government launched the invasion of Afghanistan toContinue reading “Economic cost of the War in Afghanistan”
El Salvador’s Bitcoin experiment
As the first country to adopt Bitcoin as a legal tender, it is of no surprise that El Salvador has made headlines in recent weeks. Partnering with a digital wallet company, Strike, the adoption of bitcoin technology is with the aim of building financial infrastructure in an otherwise poverty-stricken nation. President Bukele of El SalvadorContinue reading “El Salvador’s Bitcoin experiment”
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