Spiraling inflation, climbing oil prices. Phenomenons are familiar to those who lived through the terrible 1970s. In the following five decades, the UK became one of the biggest debtor nations. Across the Atlantic, a similar fate for the US, from the largest creditor to the largest debtor nation. The inflation calamity of 2022 is farContinue reading “Resolving the inflation crisis: Return to the 1980s”
Tag Archives: uk
Elevating Eurozone growth
Fiscal policy refers to the government’s tax and spending policies. Looser fiscal policies refer to more expansionary fiscal measures, with tax cuts being a key fiscal measure that may successfully increase economic growth in the Eurozone. Income tax reductions for lower-income earners should successfully boost consumption within the economy. This is because lower earners haveContinue reading “Elevating Eurozone growth”
Sunak’s economic woes
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”
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”
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