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UK economy - time to hope of recovery?
There is a welcome sign of optimism in the UK. We've waited 77 years, but last Sunday we finally had a nice hot sunny day at Wimbledon. Politicians were also in the seventh heaven of delight falling...
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New site and new optimism?
In the past few weeks, I've been working on a new version of the website and new shop facilities. These technical changes usually end up taking three times longer than you want. But, hopefully, I've...
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Recent blogs and links
Some recent blogs from economicshelp.org:To what extent can the government help boost domestic industry and manufacturing?"In recent weeks, several politicians have talked about their desire to help...
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Q.E. is it a timebomb waiting to happen?
A reader asked for my take on this BBC radio programme (30mins) on Q.E. I really don't know what will happen when Q.E. ends, but this is my summary of programme and thoughts on Q.E. so far. Risks /...
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UK economy forecasts for 2014
After faltering for several years, the UK economy shows signs of real recovery, with rising spending, investment, exports and even manufacturing growth. At the start of 2014, there seems to be a...
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How to deal with an ageing population
An ageing population means the government needs to spend more (on pensions and health care) it will also receive lower income tax.If the government does nothing it will experience a rise in the...
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Should we worry about national debt?
Governments have been borrowing for centuries. The figures for national debt are staggering. In the US, National debt is over $11 trillion. In the UK, debt is over £1.1 trillion. From a personal...
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How does austerity affect the economy?
Several countries have recently implemented 'austerity packages' - attempts to reduce government spending and increase taxes, in an effort to reduce their budget deficit. It was hoped these austerity...
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The Lawson Boom of the late 1980s
Between 1985 - 1988, UK economic growth was well above the long run trend rate of 2.5%. By 1990, inflation had increased to 9.5%.The Lawson boom of the late 1980s was a classic example of a 'boom and...
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The UK economy in the 1960s
The end of the 1950s was a period of rising living standards, summed up by Harold MacMillan's 'you've never had it so good' Yet, this period of undoubted prosperity and rising living standards helped...
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Boom and Bust in US Housing Market.
Between 2006 and 2012, the US housing market saw significant falls in house prices, combined with record levels of mortgage defaults. Many economists and housing experts have suggested it is a bust...
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Unemployment - A price worth paying for lower inflation?
"Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.""- Norman Lamont, Chancellor of the Exchequer. 16th May, 1991...
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Advantages and disadvantages of WTO
Readers Question: What are the advantages and disadvantages of the WTO formally the GATT?The WTO is a body designed to promote free trade through organizing trade negotiations and act as an independent...
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Recent posts on Brexit and Europe
Just in case you still follow this blog, I have been blogging alot at economicshelp.org/blogRecent postsProblems facing UK economy post BrexitPolicies to deal with free movement of labourDealing with...
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Benefits of the European Union
The European Union is a political and economic union of 28 countries. Originally formed in 1958 by six countries (then the EEC), the EU has expanded in terms of size and integration. The aim of the EU...
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UK Exchange Rate Mechanism Crisis 1992
In October 1990, the UK made the decision to join the Exchange Rate Mechanism (ERM)The ERM was a semi-fixed exchange rate mechanism. The value of the Pound was supposed to be kept at a certain level...
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Link between inflation and interest rates
Interest rates can influence the rate of inflation and the rate of economic growth.The Bank of England change the 'base' interest rate to try and target the government's inflation rate of 2%...
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Run on the Pound
A run on the pound refers to a situation where international investors become nervous over holding sterling and sterling assets, and so sell as quickly as possible.A run on the pound may occur when...
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The Importance of Economics
Readers Question: What is the Importance of Economics?Economics is concerned with helping individuals and society decide on the optimal allocation of our limited resources.The fundamental problem of...
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The Economy of the 1970s
See previous decade - 1960s.The 1970s was not just an era of dayglow trousers, lava lamps and the emergence of punk rock. It was a traumatic economic decade of stagflation, a three day week and the...
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