Britain suffers longest hit to living standards since records began
Britain endures longest decline in living standards since records began
UK enters technical recession but economists caution it obscures bleaker image
Britain is going through the longest period of falling or stagnating living standards since records started in 1955, according to official data showing the economy is in recession.
The UK government has turned the dial up a notch on electric vehicles (EVs) through newly enacted rules requiring automakers to steadily increase their share of zero emissions cars sold. This acceleration towards phasing out petrol and diesel vehicles raises important questions around impacts on consumer choice, infrastructure readiness, and finding the right balance between environmental needs and market realities.
These Clowns are taxing us to death The Growing Tax Burden: A Looming Crisis for the UK Introduction In recent times, the people of the United Kingdom have been grappling with an increasingly burdensome tax landscape. Whether it’s direct or indirect taxes, the weight of financial obligations seems to be… Read More »These Clowns are taxing us to death
Understanding the Laffer Curve Unlocking the Mysteries of the Laffer Curve: Taxation and Government Revenue The world of economics is rife with theories, graphs, and equations that attempt to decipher the intricate dance between government taxation and revenue generation. One such concept that has captured the imagination of policymakers, economists,… Read More »Understanding the Laffer Curve
Why Britain Is No Longer a Rich Economy The Illusion of Wealth: Unpacking Britain’s GDP Per Capita Introduction Britain’s GDP per capita is an often-cited statistic that appears to paint a picture of prosperity. At $46,400, it suggests that, on average, each British citizen enjoys a comfortable standard of living.… Read More »Why Britain Is No Longer a Rich Economy
Why Europe is failing in technology The Challenges Facing Europe in the Global Tech Race Introduction In the ever-evolving landscape of technology, Europe stands as a paradox. Home to some of the world’s most renowned scientific and technological minds, the continent has struggled to keep pace with the United States… Read More »Why Europe is failing in technology
Europe is becoming increasingly irrelevant on the world stage Europe’s Economic Evolution: Unraveling Challenges and Charting a Course for Renewal Over the last two decades, a seismic shift has unfolded across Europe’s economic landscape, igniting concerns about the continent’s economic trajectory. Rewind to the year 2000, and you’ll find 41… Read More »Europe is becoming increasingly irrelevant on the world stage
UK Economic Activity Dips as Interest Rates Impact Demand – PMI Figures Fall Below Benchmark 50 Level **Introduction** The UK’s economic landscape took an unexpected turn in August, experiencing its first decline since the beginning of the year. This setback comes as higher interest rates begin to take a toll… Read More »UK Economic Activity Dips as Interest Rates Impact Demand – PMI Figures Fall Below Benchmark 50 Level
Banks are Pushing Us Towards a Cashless Future – The Impact of New Withdrawal and Deposit Limits In recent weeks, the banking landscape has been abuzz with news of NatWest’s groundbreaking decision to impose limits on cash withdrawals and deposits for its customers. While the move has been presented as… Read More »Banks are Pushing Us Towards a Cashless Future – The Impact of New Withdrawal and Deposit Limits
Investors’ Sentiment Shifts – Contrasting Fortunes in Europe and the US In the realm of financial markets, sentiment can sway like a pendulum, and currently, the pendulum is swinging with stark contrasts on opposite sides of the Atlantic. Investors are increasingly casting skeptical glances toward Europe’s economic prospects, revealing a… Read More »Investors’ Sentiment Shifts – Contrasting Fortunes in Europe and the US
