National Insurance Contributions

National Insurance was first introduced in 1911 by the Liberal government at the time. The first part of national insurance provided health insurance for employees, whereby both employees and employers contributed fixed amounts towards a health insurance fund. In turn, employees received free treatment for conditions such as tuberculosis. The second part of national insuranceContinue reading “National Insurance Contributions”

The poor state of the UK economy

The post-recession economic recovery in the UK has been far from great. The coronavirus outbreak hit the British economy harder than most, with GDP falling 12% in 2020 – the third largest contraction in the G20. GDP in six of the twenty G20 nations is now above pre-pandemic levels; at the same time, the UKContinue reading “The poor state of the UK economy”

Germany’s healthcare system

Germany has a multi-payer health insurance system, initially established in 1883 under Otto Van-Bismarck. It ensures universal coverage as all citizens are required by law to purchase health insurance. This applies to foreign students, workers, researchers and even refugees, with each group unable to enter Germany unless they are insured. The German healthcare system differsContinue reading “Germany’s healthcare system”

The Economic legacy of the Obama administration

Barack Obama became the President of the US amid the worst recession since the Great Depression. He took over from President Bush following the sub-prime mortgage crisis, with the economy contracting during his first quarter in office. Thus, his legacy came to be defined by his post-recession economic policies. Supporters and proponents of what hasContinue reading “The Economic legacy of the Obama administration”