Homeownership levels in most developed countries have fallen over the past decade. In the UK, the rate of homeownership reached a peak of 73% in 2008; by 2017, this figure had fallen to 63%. The same phenomenon has been witnessed in similar western nations. The homeownership rate in the US has fallen by 10% sinceContinue reading “Declining homeownership”
Rising inflation
Inflation rates are reaching record highs in most developed countries across the globe. In the US, inflation climbed above 6% in October for the first time since the 1980s. The same phenomenon is currently being witnessed in the UK, as inflation climbs above 4% – a first in 10 years. The recent spike in inflationContinue reading “Rising inflation”
Build Back Better?
During his Presidential campaign in 2020, Joe Biden ran on a ‘Build Back Better’ platform, promising to improve American infrastructure and public services in the aftermath of the coronavirus pandemic. Following its outbreak, the virus has caused a huge spike in unemployment, having risen from 3.7% prior to the pandemic to 13.5% at its peak.Continue reading “Build Back Better?”
Is Free trade good?
There is a consensus amongst economists that free trade is mutually beneficial. Yet, the rise of populists and nationalists globally coincides with the growing popularity of protectionism. In 2016, Donald Trump ran a campaign that focused on the US trade deficit, promising to restrict imports from abroad to boost domestic manufacturing. Once in office, theContinue reading “Is Free trade good?”
Evaluating the Minimum wage
In 1998, the Labour government introduced the minimum wage in the UK, one year following their election victory. Since then, the minimum wage has been used as a bargaining tool by parties across the political spectrum to gain votes. In 2015, the Conservatives introduced the National Living wage, thereby enacting the largest percentage increase toContinue reading “Evaluating the Minimum wage”
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