Despite the unprecedented and, as yet, incalculable, cost of government measures, the OBR have stated that ‘we can be confident that the cost of inaction would ultimately have been much higher.’.
Covid 19: How are people are making ends meet?
There is a risk that following the shock of the pandemic and poor economic recovery, deep seated pessimism may set in for the young, who already feel that their lives will be less prosperous than their parents’.
COVID 19 and Inflation
The combined hit to both demand and supply sides means that the COVID 19 recession will be a departure from the those seen in the 1930s and 2008: inflation is indeed likely. The risk is that the recovery may cause
Ten Largest Global Economies: Happiness Index since 2015
Out of the countries shown, the UK is perhaps the most confounding. Over the data period it has experienced significant political upheaval and societal division, centered around the Brexit vote. In 2016, the statistics suggest that Britain actually became happier and has remained on this trend until the end of the data period…
GDP per Hour Worked and Labour Market Reforms
If anything is to be learned from the contrasting experiences of Germany and Greece, it is that there is rarely a policy in economics which is always correct or universally applicable…
Chart of the Week: Gender, Disability, Wages and Employment
While non-disabled men’s and women’s wages have been incrementally rising since 2013, those of their disabled counterparts…