UK Economics

Is the Sharing Economy a Caring Economy?

Nick Liddell | Posted 15.12.2014 | UK
Nick Liddell

As a child, I was brought up to believe that sharing was a good thing to do. It makes sense to share things we don't need to use all the time. It's a way of making and keeping friends. It often comes with an emotional reward. And it's a sign of a civilised society at work: not every exchange of valuable goods requires a transaction.

Two Personal Allowances for Two Forms of Employment to Encourage Economic Growth?

Peter Morgan | Posted 10.11.2014 | UK
Peter Morgan

At the moment there is one personal tax allowance for all forms of employment. It doesn't matter whether the individual in question works for themselves, a corporation, an agency or the government they will only be entitled to one personal tax allowance, which has to be assessed and regulated to the Inland Revenue's specifications.

The Case for a More Competitive Pound

John Mills | Posted 29.10.2014 | UK Politics
John Mills

It is very widely believed that lowering the value of the pound must increase inflation. Monetarists have always claimed that any gains in competitiveness from a lower currency must be offset by rapid price increases. But what might seem obvious needs to be checked against the economic statistics - and they tell a very different story.

Difficulty Closing an Account?

Peter Morgan | Posted 27.10.2014 | UK
Peter Morgan

The intention of this proposal is to provide adequate documentation to keep financial records and also to provide legal disclaimers for the purposes of protecting the account operator and user in a court of law if legal action was taken against them....

A Nation of Virtual Shopkeepers

Kitty Ussher | Posted 15.12.2014 | UK
Kitty Ussher

Economists trying to figure out what is going on in the UK economy, and specifically why the number of people saying they are self employed is so high, should perhaps look no further than recent data on on-line selling by households from the Office of National Statistics...

We Are Witnessing a Crisis of Wellbeing at Work

David Lammy | Posted 13.12.2014 | UK Politics
David Lammy

We are witnessing a crisis of wellbeing at work. Official statistics paint a picture of a nation that is stressed, anxious, overworked and insecure. UK employees work some of the longest hours in Europe, and over half of them are worried about losing their jobs. Far from being the price we pay for a competitive economy, this is economically disastrous: sickness absence alone costs the economy an estimated £100billion a year, and longer hours are associated with worse productivity. Our relentless search for growth is not only destroying the quality of our lives: it's failing even on its own terms.

The Nobel Prize Winner's Wikipedia Needs Some Tidying Up

The Huffington Post UK | Jessica Elgot | Posted 13.10.2014 | UK

For any journalist furiously googling Nobel Prize winner economist Jean Tirole this morning, they would have been greeted on his Wikipedia page with a...

Ukip's Message Now Needs to be Clearer Than Ever

Sean Howlett | Posted 07.12.2014 | UK Politics
Sean Howlett

This is not merely a shallow populist and reactionary revolution, but a revolution with deep thought, based on the right political philosophy. This is the only way Ukip can distinguish itself from the current establishment - whereas if they start playing the same political game as the rest, it will do them no favours.

The Economic Impact of Improving Live Music Accessibility

Suzanne Bull MBE | Posted 17.11.2014 | UK Entertainment
Suzanne Bull MBE

Attitude is Everything, the charity of which I am CEO, campaigns for improved access to live music for Deaf and disabled people and so we have an interest in both these debates.

The Economics of Happiness - Changing the System

Maite Baron | Posted 13.10.2014 | UK Lifestyle
Maite Baron

From the national data that's being collected, mostly by developed nations, one thing is clear and it's that increased GDP and higher levels of consumer spending doesn't seem to make us that much happier. So what does?

Five Key Takeaways on Russia's Relations With the West

Ruth Green | Posted 30.09.2014 | UK Politics
Ruth Green

After months of fraught relations between Russia and the West which have seen a flurry of tit-for-tat sanctions triggered by the growing unrest in Ukraine, the final straw seemed to come with the suspected downing on 17 July of flight MH17 over Ukraine by pro-Russian separatists.

Thinking Management Philosophically

Ken Starkey | Posted 29.09.2014 | UK
Ken Starkey

Books on philosophy and management have proliferated in recent years, but with very different aims and perspectives. Philosophy books tend to be consu...

Confirmed: Economists Are Liars

Josiah Mortimer | Posted 24.09.2014 | UK Universities & Education
Josiah Mortimer

'Ninety-four percent [of economists] report having engaged in at least one unaccepted research practice,' from plagiarism to ignoring contrary evidence, skewing data and not reading their sources. Basically, all economsits are liars.

Interest Rate Hawks Should Return to Their Nests

John Longworth | Posted 22.09.2014 | UK
John Longworth

The interest rate hawks are circling over Threadneedle Street. Should they choose to strike early or unexpectedly, the consequences for the UK's recovery and growth prospects will be significant.

Where is the Football Club?

Nicolas Berg | Posted 22.09.2014 | UK Sport
Nicolas Berg

It's damaging for United to suffer from such a lack of football people around. Who is Van Gaal supposed to ask if he wants advice on how to develop the best scouting system on the planet? Joel Glazer? Ed Woodward? ... Manchester United better return to being a football club, not step even closer to a place where only hollow brands are living.

Why Did Fulham Pay £11million for Ross McCormack?

Rohan Banerjee | Posted 15.09.2014 | UK Sport
Rohan Banerjee

The Scot is more similar to locals than a Dutchman or a Spaniard... McCormack is a marquee and that could mean shirt sales. As the Championship's top scorer last season, the striker's record suggests a decent chance of promotion for whomever he plays.

Debunking the Myths Surrounding Exchange Rate Realignments

John Mills | Posted 14.09.2014 | UK Politics
John Mills

The UK is in trouble. It cannot pay its way in the world. We charge too much for our exports and we import far too much. Too few people buy British-made goods, because they are too expensive. We have high unemployment, high rates of inequality and the UK is falling deeper and deeper in debt...

Post-2015: Development Goals are a Political Act

Alastair Roderick | Posted 09.09.2014 | UK Politics
Alastair Roderick

We can't escape the fact that throughout history countries are most carbon-intense and least sustainable on their way to becoming rich; not when they get there. So if the message to developing countries is that they are not allowed to develop in the same way as rich countries developed... are we sure that they will sign up to this?

Thinking Enterprisingly Enhances Employability

David Rutley | Posted 02.09.2014 | UK Politics
David Rutley

We need more young people to enter the labour market fully equipped for a life of work, as enterprising first-time employees. Current employers - 70 per cent of them according to a CBI survey - do not think that school leavers are sufficiently ready for the world of work.

Osborne Would Really Not Want You To See This Graph

The Huffington Post UK | Asa Bennett | Posted 02.07.2014 | UK Politics

George Osborne has been very proud about his economic management, boasting that his cuts have helped secure Britain's economic recovery. Speaking i...

Zero Hour Contracts, the Impoverished Elephant in the Room

Tom Johnson | Posted 30.08.2014 | UK Universities & Education
Tom Johnson

Outlaw zero hours contracts and instead ensure that any individual entering a work contract is given a legal guarantee of the number of the minimum number of hours they should be required to work. It might increase the costs for corporations and may in the short term lead to a rise in unemployment, but if the economy is growing as fabulously as George Osborne announces, then the number of jobs should increase to combat this problem.

The Importance of Soft Power

Stephen Liddell | Posted 25.08.2014 | UK
Stephen Liddell

Most people are familiar with what is known as Hard Power. The idea that someone with more swords, bigger guns and overwhelming military ability can force someone to do something against their will but which is almost entirely in favour of those holding the gun. History is full of situations, the ancient Chinese, Persians, Romans all the way through to the British, French, American and Russians...

13 Facts You Didn't Know About Economics

Ha-Joon Chang | Posted 19.08.2014 | UK
Ha-Joon Chang

Economics is politics and it can never be a science. Yet the dominant neoclassical school of economics succeeded in changing the name of the discipline from the traditional 'political economy' to 'economics' at the turn of the 20th Century.

How to 'Use' Economics

Ha-Joon Chang | Posted 17.08.2014 | UK
Ha-Joon Chang

In my new book Economics: The User's Guide, I aim to show the reader how to think, not what to think, about the economy. There are a few important things to keep in mind when you are 'using' economics...

The Dirty Secret of the Happiness Movement: A Focus on Raising Average Happiness May Be Costing Lives

Ed Pinkney | Posted 15.08.2014 | UK Politics
Ed Pinkney

It's easy to say what matters most is happiness. It's easy to say we should put people's happiness first. It's easy to say that something is good because it makes the majority of people happy. What's not so easy is to talk about whether the happiness of some may be coming at a human cost.