Economics

By Jack Peat  “Give it to the people at the bottom and the people at the top will have it before night. But at least it will have passed through the poor fellow’s hands.” Will Rogers Good capitalism is the ability to promote incentives and opportunity in equal measure. Sway too far one way and the potential of human capital is stifled, sway too far in the other direction and the willingness to realise this potential also goes amiss. Of...

By Elsa Buchanan As the European Commission and the US are busy negotiating a free trade agreement, the Transatlantic Trade and Investment Partnership (TTIP), campaigners say they are increasingly worried citizens are losing their democratic privileges. While corporations are looking forward to an improved trade and regulatory cooperation between the US and EU, the opposition -which includes Pan-European civil society groups - is concerned that regulatory convergence will grind down hard-won social and environmental standards. "The thing with TTIP is...

By Stephen Angus Peter Junor  October represents a deadline for the various African blocs to negotiate and accept a free trade deal with the EU, a deal which has been on the table since Doha 2000. African relations with the EU are split into five blocs: West Africa, Central Africa, Eastern and Southern Africa (ESA), East African Community (EAC) and the Southern African Development Community (SADC). As of now, West Africa and the SADC are the only two blocs to have...

By Philip Benton Recently I attended a talk here in London about digital currencies and how they could be the answer to our economic woes and the key to rebuilding our broken society. I went in with an open mind, keen to broaden my interest in the curious world of crypto currencies, but somehow came out with more questions than answers. The talk was hosted by ex-investment banker Simon Dixon and Max Keiser of The Keiser Report fame. The opening...

By David Binder The issue of economic inequality has once again been thrust into the spotlight by French economist Thomas Picketty’s new book ‘Capital in the Twenty-First century.’ Whilst his research has been discussed at great length elsewhere (the Washington Centre for Equitable Growth has produced a useful summary of some reviews) it is worthwhile to step back and consider the virtues of pursuing policies aiming to reduce economic inequality. In other words, is economic inequality in itself always a...

By Elsa Buchanan After a decade of anti-Western discourses, the world’s emerging economies have finally launched a pair of financial institutions they hope will challenge their pet hates, the World Bank and International Monetary Fund (IMF). Built on shared complaints and challenges, the new ‘mini IMF and World Bank’ has been billed as a historic challenge to the global financial order that has been dominated by the US and Western Europe since the 1944 inception of the IMF. But are...

  By Joe Mellor, Deputy Editor A senior academic has shown his approval of the CMA’s decision to investigate High Street banks over a lack of competition. The big four High Street banks, which provide 77 per cent of current accounts and 85 per cent of business lending, may ultimately be forced to divest businesses and allow new competitors. Dr Steve McCabe, economist, lecturer and active researcher from Birmingham City University’s Business School, said: “Learning that the Competition and Markets...

By Stephen Angus Peter Junor It is well-known that China has invested heavily in Africa for some years now and it is no coincidence that Africa is beginning to record increasing levels of growth. The World Bank estimated 2013 growth at 4.7 per cent with growth this year set to be around 5.2 per cent, supported by strong foreign investment primarily from China. The recently announced New Development Bank (NDB), founded by BRICS will further increase the influence of China on...

By Valentina Magri Money makes Brits happy, but what helps make Brits money? Schooling plays a pivotal role in earning a good income later in life. Better educated people enjoy better jobs and are more likely to take up managerial posts, but there are some schools that are more suited to helping you achieve this goal. A new report released by Sutton Trust, based on data analysis by the Social Market Foundation (SMF), has identified an imbalance in the way...