ESRC press coverage
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Scrap ‘flawed’ RPI, urges Institute for Fiscal Studies

Scrap ‘flawed’ RPI, urges Institute for Fiscal Studies | ESRC press coverage | Scoop.it
Retail price index should be replaced with the CPI measure but IFS boss issues call to find even more accurate ways to gauge inflation
ESRC's insight:

The article cites Paul Johnson, Director of the ESRC-funded Institute for Fiscal Studies.

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Is prostitution really worth £5.7 billion a year?

The EU has demanded rapid payment of £1.7 billion from the UK because our economy has done better than predicted, and some of this is due to the prostitution m
ESRC's insight:

The article cites findings from NATSAL, which was part-funded by the ESRC.

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Time to tax? Prostitution and illegal drugs add £12.27bn to the economy

Time to tax? Prostitution and illegal drugs add £12.27bn to the economy | ESRC press coverage | Scoop.it

The Office of National Statistics has added them for the first time to the UK’s national accounts – and revealed that we spend more on drugs than either alcohol or personal grooming

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Article cites the ESRC-funded Institute for Social and Economic Research

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Borrowing ‘needs to fall by a quarter to hit target’

Government borrowing will need to fall by more than a quarter in the rest of the current financial year in order for Chancellor George Osborne to meet the latest public sector borrowing target, an economic think-tank has said.

ESRC's insight:

The article cites the ESRC-funded Institute for Fiscal Studies.

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Children 'satisfied but fear bullies'

Children 'satisfied but fear bullies' | ESRC press coverage | Scoop.it

Analysis of research into childhood in the UK paints a mixed picture of high satisfaction on the one hand, and fear of bullying and crime on the other.

Data compiled by the Office of National Statistics (ONS) finds over three-quarters (77%) of children aged 10-15 are satisfied with their lives.

ESRC's insight:

The ONS research draws on surveys from the Understanding Society programme. Understanding Society is a longitudinal study funded by the ESRC.

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Productivity threat to recovery

Figures this week showed that a net 345,000 people moved into work in the three months to April, the biggest rise since records began in 1971. This means employment has rising even faster than output, implying a drop in productivity. The ONS estimates that the total hours worked rose 1.5 per cent in the three months to April, but the NIESR estimates that GDP grew by only 1.1 per cent then.

ESRC's insight:

NIESR receives funding from the ESRC.

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