Merkel’s economic chancellorship

Angela Merkel become the German chancellor in 2005. Merkel ran as the CDU/CSU candidate, the centre-right Conservative alliance in Germany. The CSU contests elections in only Bavaria, whereas the CDU operates in the other states of Germany. In the election campaign, the CDU/CSU pursued a fiscally conservative agenda, promising more deregulation, tax reductions and publicContinue reading “Merkel’s economic chancellorship”

A cut to Universal Credit

At the start of the coronavirus pandemic, the government introduced a temporary £20 uplift to Universal Credit. It was announced to help claimants through the economic disruption that the pandemic brought with the Universal Credit recipients doubling between March 2020 and January 2021 from three to six million. However, on October 6, the temporary upliftContinue reading “A cut to Universal Credit”

The Economic legacy of the Blair administration

Tony Blair became Prime Minister in 1997. This came after a landslide election victory in which the Labour Party gained 145 seats, taking them to a total of 418 seats. With a majority of 179 seats, the Labour government held the largest parliamentary majority since 1935. The transformation of the Labour Party into ‘New Labour’Continue reading “The Economic legacy of the Blair administration”

An energy crisis in Europe

Surging gas and electricity prices have hit much of Europe, including the UK. Since July 2020, gas prices have soared due to supply shocks, rendering a Winter energy crisis imminent. Such inflation in the energy sector greatly threatens the post-pandemic recovery, as consumers are faced with reduced disposable income. As a result, it is unsurprisingContinue reading “An energy crisis in Europe”