UK Economics

Post-2015: Development Goals are a Political Act

Alastair Roderick | Posted 11.07.2014 | 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 03.07.2014 | 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 30.06.2014 | 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 25.06.2014 | 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 20.06.2014 | 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 18.06.2014 | 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 16.06.2014 | 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.

Recovery Hasn't Yet Helped 'Real People', Admits Minister

The Huffington Post UK | Asa Bennett | Posted 03.06.2014 | UK Politics

Britain's economic recovery has not been felt much by "real people", with many yet to feel "any sense of recovery", cabinet minister Ken Clarke has sa...

Is it Worth Reading Thomas Piketty?

Ioan Marc Jones | Posted 02.06.2014 | UK
Ioan Marc Jones

Now that the panic has subsided somewhat, I find myself asking whether Piketty's book, for an average-Joe like me, was worth reading. Hopefully, by explaining my personal experience reading Piketty, I will help other intellectually-curious, non-economist types decide whether it's worth all the effort.

Will Fat Taxes Make Us Thin?

Dr Laura Cornelsen | Posted 29.05.2014 | UK Lifestyle
Dr Laura Cornelsen

In the UK the government estimates that health problems due to obesity cost the National Health Service (NHS) £5bn per year. Some of this money could surely be better spent elsewhere if we could only manage to control our diets and exercise a bit more. No wonder there is a desperate need for measures that will do this.

Unhappy Voters Need to Be Offered a New Way of Life, Not Just a New Brand of Politics

Matt Hawkins | Posted 29.05.2014 | UK Politics
Matt Hawkins

Voting UKIP and battening down the hatches isn't going to provide the social and economic security we all desire - that way only further mistrust and isolation lies. By voting Green we can restructure the economy and reframe our societal values. That's so much more than a protest vote.

The Costs of Independence

Ronald Macdonald | Posted 28.05.2014 | UK Politics
Ronald Macdonald

With the publication of HM Treasury's paper 'Scotland Analysis: Fiscal policy and sustainability' the people of Scotland have a clearer insight into the personal costs of Scottish independence... But there can be little doubt that the figure of £1,400 for 20 years given in the Treasury paper greatly underestimates the costs that are facing the people of Scotland if they vote for independence.

Why Britain Needs the Pound Campaign

John Mills | Posted 16.05.2014 | UK Politics
John Mills

To enable us to compete in the world and to get back to full employment, we need an exchange rate which is about one third lower than it is now. A more competitive pound would bring back more, better quality jobs to the UK, contributing to a thriving economy.

An Alternative UK Economic Strategy

John Mills | Posted 13.05.2014 | UK Politics
John Mills

What is going to happen to the UK economy over the next few years? The general consensus is that the worst of the recent crisis is behind us and we can therefore expect modest growth ahead. However, my pamphlet published by Civitas on 25 March called 'There is an Alternative', paints a much gloomier picture of the future if policies remain as they are. With a radical change in policy, which the pamphlet explains in detail, the UK economy could grow at 4% to 5% per annum on a sustainable basis, unemployment could be made fall dramatically, debts would get paid off and the economy would become far better balanced. How much of all of this is realistic?

Recession May Be Over - Here's 9 Awkward Facts Osborne Would Prefer You Forget

The Huffington Post UK | Asa Bennett | Posted 09.05.2014 | UK Politics

George Osborne is set to get a massive political boost as new figures suggest that the economy is nearly back to where it was in 2008, showing a full ...

Bankers' Bonuses: Time to Withdraw Banks' Licence to Print Money

Molly Scott Cato | Posted 29.06.2014 | UK Politics
Molly Scott Cato

In recent days there has been the annual universal condemnation of the greed with which bankers accept their excessive pay awards.

We Might Recover This Year - Finally!

The Huffington Post UK | Asa Bennett | Posted 29.04.2014 | UK Politics

George Osborne got a political boost as the UK economy grew by 0.8% at the start of the year, bringing the country's output still nearer to its pre-cr...

Freedom Day Gives Us Reason to Reflect on Just How Far South Africa's Economy Has Come in Two Decades

Jeremy Cook | Posted 24.06.2014 | UK
Jeremy Cook

20 years ago this weekend the first multi-racial elections took place in South Africa. The apartheid policies of the National Party were tossed aside, as Mandela's African National Congress swept to power, taking close to 63% of the overall vote. In the 20 years since - the quality of life, and the economy South Africa has only gone in one direction - upwards.

China's Economy May Have Slowed, But There's Plenty of Fire Left in the Dragon

Jeremy Cook | Posted 17.06.2014 | UK
Jeremy Cook

Concerns over the Chinese economy have been bubbling under the surface for a couple of years now and recent news from the world's second largest economy have done nothing to assuage these fears.

How Do We Know How Rich (or Poor) We Are?

Margaret Heffernan | Posted 31.05.2014 | UK Politics
Margaret Heffernan

"We could be poorer - or richer - than we think. We don't really know how wealthy we are." That is the opinion of Vicky Price, economist and one-time joint head of the government's economic service. Her sense of disquiet is sparked by the fact that the standard measure of a country's wealth - GDP - in fact leaves out so much.

Britain Is 'Walking Tall'? 5 Awkward Graphs Osborne Doesn't Want You To See

The Huffington Post UK | Asa Bennett | Posted 31.03.2014 | UK Politics

George Osborne has lavished praise on his austerity strategy for helping the UK "walk tall in the world again". In a triumphant speech today, the ...

Tony Benn's Funeral: The Conflict Between Politicians' Words of Praise and Everyday Actions

Matt Hawkins | Posted 26.05.2014 | UK Politics
Matt Hawkins

It can sometimes stick in the throat to hear these politicians eulogising about "honour" when they seem so short of it themselves... Nick Clegg praised Tony Benn for being a "fervent defender of what he believed in", seemingly forgetting his own paltry commitment to defend students from a hike in tuition fees.

Beyond the Headlines This Was a Positive Budget For Investment Into the UK

Geoff Cook | Posted 21.05.2014 | UK Politics
Geoff Cook

The headlines following this week's Budget understandably focused on pensions and savings, with significant proposals announced that will fundamentally change the way people save in the UK. It was hailed by many as the biggest pensions shake-up for a generation, and so it is not surprising that this was the focus of debate in the immediate aftermath.

Angela Merkel Visit: Lessons From Germany for David Cameron

Molly Scott Cato | Posted 27.04.2014 | UK Politics
Molly Scott Cato

German chancellor Angela Merkel is being treated like political royalty, a consequence of her country's economic power as well as prime minister David Cameron's desperate need for friends in Europe. Few would argue about the position of Germany as the economic powerhouse of the European Union but what can Britain learn from the German economic model?