The British economic outlook for 2022 looks bleak. Living standards are set to fall at the fastest pace since the 1950s as inflation reaches a thirty-year high; absolute poverty looks set to rise for the first time since the Great Recession. All eyes have been on the Chancellor of the Exchequer to relieve the economicContinue reading “Sunak’s economic woes”
Tag Archives: politics
The Economic legacy of Thatcher’s government
Margaret Thatcher became Prime Minister in 1979 at a time of political and economic turmoil. The inflation rate had reached over 25% just three years prior, unions were striking at every possible opportunity, the country was in a mess. At the same time, economic growth had stagnated with unemployment reaching a 30-year high of 7%Continue reading “The Economic legacy of Thatcher’s government”
The British housing crisis
House prices in the UK have reached astronomical levels as they are now 65x higher than they were in 1970. The average house price has gone from £4,000 to £260,000 in the last fifty years. This growth greatly exceeds that of average wages that have only increased 36x in the same period. Such a disparityContinue reading “The British housing crisis”
Merkel’s economic chancellorship
Angela Merkel become the German chancellor in 2005. Merkel ran as the CDU/CSU candidate, the centre-right Conservative alliance in Germany. The CSU contests elections in only Bavaria, whereas the CDU operates in the other states of Germany. In the election campaign, the CDU/CSU pursued a fiscally conservative agenda, promising more deregulation, tax reductions and publicContinue reading “Merkel’s economic chancellorship”
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