UK Gdp

The Basic Income Will Make Sense When People Learn to Value Their Unpaid Work

Martin Whitlock | Posted 10.06.2016 | UK
Martin Whitlock

The crucial point is this. The basic income is not paying people for their otherwise unpaid work: it is providing them with the financial investment that makes it possible for them to do it. Investment in people is not "something for nothing", but sound economic practice. It is also what people deserve.

Four Ways the OBR Could Be Wrong

Kitty Ussher | Posted 18.03.2016 | UK Politics
Kitty Ussher

If any of these factors have more of an effect than the OBR has suggested then the Chancellor will find he has far more room for manoeuvre. I suspect that he already knows this: his largest "cuts" in response are either a re-phasing of existing commitments or subject to a review that wont publish until 2018, by which time the picture will be very different.

The Exchange Rate Is Falling and It's Good News

John Mills | Posted 09.03.2016 | UK Politics
John Mills

If you were to believe the commentariat, the recent falls in the pound are a complete disaster. According to many, we are on the edge of an economic abyss. Our country is about to be plunged into financial turmoil. And, worst of all it would seem, our summer holidays abroad have become a bit more expensive...

Concerning the Future of Deutsche Bank

Lewis Worrow | Posted 03.03.2016 | UK
Lewis Worrow

Deutsche Bank is a leading global investment bank with headquarters in Germany and indeed is one of Europe's mightiest financial institutions and the ...

GDP Is the Enemy of Rewilding Britain

Martin Whitlock | Posted 15.01.2016 | UK
Martin Whitlock

George Monbiot was in tremendous form at the University of Exeter on Thursday night. In a double-header with Alan Watson Featherstone of Trees for Lif...

The Economic Impact of Open Data: What Do We Already Know?

Jeni Tennison | Posted 02.11.2015 | UK Tech
Jeni Tennison

Open data fuels economic growth. Many believe in the theory and ask for the proof. A new report by Nesta and the ODI adds to the evidence of the impac...

How Gross National Happiness Can Reinvigorate the Left in Europe

Martin Whitlock | Posted 03.08.2015 | UK Politics
Martin Whitlock

Wellbeing offers a route out of this systemic crisis. For so long as political, social and economic progress are measured in money terms, the forces of financial capital will continue to wield the upper hand. One way to overcome them is to follow the lead of Bhutan and start measuring something else - something that is closer to the real aspirations that humans feel.

Says Yes to TTIP

Lewis Worrow | Posted 13.07.2016 | UK Politics
Lewis Worrow

The cost of losing this progress will be dear otherwise, a cost that will mostly be felt by consumers. It is time to say goodbye to import tariffs and restrictions on trade and welcome a more competitive Europe.

The Age of Irresponsibility

Craig Berry | Posted 09.07.2016 | UK Politics
Craig Berry

George Osborne's budget speech was, as usual, a masterclass in combining the rhetoric of change with reality of continuity. Britain has, according to Osborne, left 'the age of irresponsibility' behind. There is very little basis for this claim. Instead, the Budget, Osborne's first without Lib Dem shackles, perpetuates his reckless stewardship of the British economy.

How Much Of The Government Budget Really Goes On Welfare?

The Huffington Post UK | Aubrey Allegretti | Posted 08.07.2015 | UK Politics

Chancellor George Osborne is revealing today where the promised £12bn of welfare cuts will fall. His emergency Budget address lays out the Govern...

Greek Crisis: Time to Invert the Hierarchy of Wealth in Europe

Martin Whitlock | Posted 01.07.2016 | UK Politics
Martin Whitlock

Ultimately, that is all it takes - changing the political perception of what is merely cost, and what has real value in people's lives. Paying to gain access to the resources of real wealth-creation is a cost in human terms; the work that people choose to do because it brings undeniable benefit to their lives has value, even if no money changes hands.

Will the World Plug Into the Sun?

Preetam Kaushik | Posted 28.06.2016 | UK Tech
Preetam Kaushik

Even as the world is frantically searching for alternative energy, there is one source that will always hang around without ever getting depleted. The Sun. In the next 10 to 20 years, or maybe even by 2050, solar PV is expected to be the main source of powerful energy, suited to the new millennium.

This Is What GDP Is Not Telling You

Claudia Delpero | Posted 08.06.2015 | UK
Claudia Delpero

Let's forget about the economy for a moment. What if we ranked countries by people's wellbeing instead of Gross Domestic Product? The question seems o...

European Ad Market in Rude Health as Advertising Week Europe Kicks Off

Nikki Mendonca | Posted 25.05.2015 | UK
Nikki Mendonca

With Advertising Week Europe now in full swing, the following six trends highlight why the ad industry is actually in a good place.

Davos 2016: One Year to Solve The Case

Claudia Delpero | Posted 29.03.2015 | UK
Claudia Delpero

It may be a rebalance of the economic powers, but the planet is far from being the place of equality. Oxfam claims that "in 2010, it took 388 billionaires to equal the wealth of the bottom half of the world's population and by 2014, the figure had fallen to just 80 billionaires." If the trend continues, warns the humanitarian group, in two years the richest 1% will have more than the remaining 99%.

Good, Bad or Ugly: Low Inflation in the UK

Naomi Kerbel | Posted 15.03.2015 | UK
Naomi Kerbel

What's not to like about wages increasing (in the three months to October, average earnings excluding bonuses were up 1.6% from a year earlier) and prices only rising by half a percent? Economists are in two minds.

Student Debt To Cost Britain Billions Over Next 30 Years

The Huffington Post UK | Lucy Sherriff | Posted 12.01.2015 | UK Universities & Education

Student debt will cost Britain billions over the next 30 years, figures obtained by a former universities minister reveal. John Denham, a former La...

The Autumn Statement Looks Far Too Optimistic

John Mills | Posted 17.02.2015 | UK Politics
John Mills

The Chancellor's recent Autumn Statement generated a number of big-splash headlines with announcements on Stamp Duty, tax and savings. But there are really only two key criteria by which we will judge the Chancellor's Statement in the long term.

The EU Needs to Learn the True Meaning of 'Wealth'

Martin Whitlock | Posted 14.02.2015 | UK Politics
Martin Whitlock

If the E.U. is keen to assert leadership on these issues, it could do worse than reflect upon what "wealth" really means for its 500 million citizens.

Are You up for a Data Revolution?

Claudia Delpero | Posted 01.02.2015 | UK
Claudia Delpero

An advisory group to the United Nations is calling for a revolution. It won't be taking people to the streets, ousting governments or causing bloodshed, but it will overhaul the data driving governments' decisions.

A World Where People Count

Manuel Barcia | Posted 23.01.2015 | UK
Manuel Barcia

Just after the results of the Brazilian presidential elections were made public a few days ago, giving current President Dilma Rouseff of the leftist Workers Party a small margin of victory over her opponent Aécio Neves, the British weekly magazine The Economist did what it always does, and came up with one of their worst ever statements.

How to Earn £90,000 a Year Making Sandwiches While Saving the NHS

Martin Whitlock | Posted 18.01.2015 | UK Politics
Martin Whitlock

Instead of struggling to find new jobs for all those redundant sandwich makers, therefore, the most beneficial solution is to spread the extra free time around the working population to improve the quality of their health and lives. To achieve this, two things are needed...

Is GDP Cheating West Africa?

Claudia Delpero | Posted 22.11.2014 | UK
Claudia Delpero

The spectacular GDP growth recorded by some West African countries in the past 5 years is all of a sudden undermined by the spread of the Ebola virus. The epidemic has put under the spotlight the poor conditions of health systems in the region, but also the fragility of economic models measured only by Gross Domestic Product.

Will Austerity Really Reduce the Government Deficit?

John Mills | Posted 10.11.2014 | UK Politics
John Mills

In 2013, the government deficit, according to the latest available Office for National Statistics (ONS) figures, was £92.9billion, which was 5.8% of GDP. All our major political parties are fixated on getting this deficit down by cutting expenditure and raising taxes. But should they be quite so determined to do so? Is austerity really the best way to cut the deficit?

Asa Bennett

Mission Accomplished? 11 Problems Osborne Would Prefer You Ignored

HuffingtonPost.com | Asa Bennett | Posted 25.07.2014 | UK Politics

George Osborne has thanked the "hard work of the British people" as official figures out today showed that Britain's economy has fully recovered from ...