Greece is the cradle of western civilisation. Philosophy, democracy and unique cultural icons. But, 15 years ago, something terrible started to happen to the Greek economy, which saw one of the biggests hits to living standards in the western world. GDP collapsed, unemployment soared and Greece became an economic basket case. This article explains what …
The British Wage Disaster – Why Wages Lower than EUWatch this video on YouTube Compared to many major European economies, UK average wages are lower and this is before we take into account relatively higher housing costs and longer working hours for British workers. In the past 15 years, the UK has seen pretty much …
New Labour – The Economic Impact of Blair and BrownWatch this video on YouTube By 2007, New Labour had presided over the longest period of economic growth in the post-war period. It was the goldilocks economy with low inflation, low unemployment and an impressive rise in spending on the NHS and education. But, the devastating …
A selection of graphs and statistics on UK unemployment. Also, looking at factors that explain changes in UK unemployment. Why unemployment was lower in the 2000s and 2010s than 1980s and 90s. A success story of the UK economy? Raw data: Labour market data | Source: ONS MGSX (LFS) Current UK Unemployment rate An …
How QE Damaged the Economy and Housing MarketWatch this video on YouTube When we are young, we are taught money doesn’t grow on trees, but that’s not quite true, with QE the Central Bank can create as much money as it likes. And since the financial crisis, the Bank of England created £845 billion …
Canada has an abundance of natural resources. Why Canada’s Economy is Doing Worse than You RealiseWatch this video on YouTube It has the third largest known supplies of oil in the world, helping to make it the 10th largest economy in the world and top 20 GDP per capita. It benefits from close economic ties …
Thatcher introduced a break with the post-war consensus introducing new economic ideas such as Monetarism Free-market supply side policies Privatisation Tax cuts (especially for high income earners) Reduced power of trade unions. The impact was far ranging. Did Thatcher Ruin or Save the UK Economy?Watch this video on YouTube The 1970s Economy The 1970s was …
With house prices falling in the past 12 months, is it worth waiting to buy or is better just to bite the bullet and not worry about forecasts for interest rates and house prices? Buying a House in 2024 – Should You Wait Until After CRASH?Watch this video on YouTube Despite modest falls, house price …