The current account on the balance of payments measures the inflow and outflow of goods, services, investment incomes and transfer payments. The main components of the current account are: Trade in goods (visible balance) Trade in services (invisible balance), e.g. insurance and services Primary income account – includes – compensation of employees, investment income from …
In 1913, Britain was the largest trading nation in the world. 50% of global capital investment came from London. It was an economic powerhouse which defied its small size. But, in the past 100 years, the pound has devalued and the UK has seen a steady decline in relative importance. Some of this was inevitable, …
When displaying time series data, it often makes sense to use index numbers. Index numbers are a simple way of making it easier to compare numbers over a period of time. Index numbers measure relative changes in the price of a sum of representative data. For example, the FTSE-100 is an index displaying the average …
UK Billionaire Jim Radcliffe recently complained London streets were not safe and it is true, in recent years, knife crime has increased and the justice system remains underfunded, overcrowded with a backlog of cases. But can we actually afford better public services? How the Rich Avoid Paying TaxWatch this video on YouTube Despite stagnant incomes, …
In the past four decades, China has undergone a genuine economic miracle. 800 million people have been lifted out of poverty, through economic growth that has often averaged close to 10%. China’s rise has changed the world. Our shops are flooded with cheap Chinese consumer goods, and many of our factories closed down. China went …
In the 1970s Venezuela was widely admired for its functional democracy and the highest living standards in Latin America. There was good reasons to be optimistic. Venezuela has the largest known reserves of oil in the world. Greater than Saudi Arabia, Iran and the US. Yet in recent decades, the economy has lurched from crisis …
In the past few years, the UK has seen a rise in the tax burden, but at the same, the UK has seen a reduction in the average rate of economic growth. Is low growth leading to a higher tax burden or is it the high tax burden which is itself contributing to sluggish growth? …
In 2010, the UK hit at a record peace time deficit. The incoming government sought to reduce debt through austerity. The Real Reason Britain is Broke – A Doom Loop of DebtWatch this video on YouTube In 2010, the UK hit at a record peace time deficit. The incoming government sought to reduce debt …