The UK’s official inflation benchmark, the Consumer Prices Index, slid to 1.7 per cent in February – the lowest for more than four years. What are some of the main factors causing inflation to fall below target?.
Britain’s current account deficit for 2013 as a whole (4.4% of GDP) was greater than in any other developed economy and the widening current account gap is raising fresh concerns about whether the UK's economic recovery is balanced and sustainable..
Mr Nelson's insight:
Note the concerns about our high deficit (4.4% of GDP). What is most likely to happen to interest rates?
One type of market failure that contributes to inequality and unemployment is the geographical immobility of labour. If the labour market really ‘cleared’ effectively, wages would equalise across the economy. Workers would drift away from regions with low wages and/or high unemployment towards areas where wages were higher and labour.
The UK’s five richest families have accumulated more wealth than the whole of the bottom 20 per cent of the population, with the gap between rich and poor continuing to grow, according to research published today.
A significant 5 year rail infrastructure investment plan adds weight to the belief that capital spending will be a major driver of the next phase of the UK economic recovery. Network Rail is state owned, a not-for-profit business whose commercial returns are reinvested into the rail network..
Smaller families, improved knowledge about nutrition and hygiene, and a cleaner environment with better housing, less overcrowding and a reduction in toxic heavy industry – all of these things have contributed to the spectacular increase in the height of the average young man in Britain over the past one hundred.
If you are looking for a solid example of a manufacturing industry that experienced deep long term structural contraction then the UK steel sector is a good one to use.Global steel output has more than doubled in the last four years but what remains of the UK steel industry is.
Pub economics often explains the plight of poor countries in terms of the problems posed by corruption. That approach might have some value, and to raise the quality of your analysis of this topic, it’s helpful to say why and how it might arise, and the effects it might have. Rich.