Economics

By Adam Walker, Economics Correspondent Since the financial crisis hit in 2007 there has been a great deal of debate concerning the culture of big business capitalism and the demonisation of the financial industry. The elitism associated with the banking industry, coupled with accusations of political bias, immunity from punitive action and excessive bonus schemes has been the main target of people’s anger, many claiming that the financial sector is out of control when compared with other industries. However, are these...

Kerry Lister-Pattinson – 28, founder Making Winter Warmer I'm the type of person who really feels the cold. One especially freezing November night in 2013 a thought popped into my head; 'what must it be like for people living on the streets?' It was that thought that led me on to launch Making Winter Warmer for those Without. My idea was simple, to collect warm clothing that my friends no longer needed and to get them to the people who do....

By Adam Walker, Economics Correspondent Politics & Economics: Two Forces Pulling Against Each Other Following the US Government shutdown in late 2013 there has been speculation surrounding the fragility of global economic wellbeing when it is at the mercy of party politics, in particular when a few idealists manage to halt the entirety of a democratic system through a reluctance to compromise. However, the bigger question is whether politics and economics will ever be a successfully functional partnership in a democratic...

By Pieter Cranenbroek – International Politics Blogger The new year has only just begun but whatever optimism people may have had at the turn of the year, it most likely will have vanished into thin air thanks to our wonderful Chancellor, George Osborne. Although Britain is slowly showing signs of economic recovery, the success of the next 20 years highly depends on whether the British government decides to counter the ongoing social polarisation. Overtaking the French and German economies will be...

By Valentina Magri Languages and China European languages are no more rewarding than those from further afield. At least, that’s the opinion of prime minister David Cameron, who said on his return from the trip to China: “By the time the children born today leave school, China is set to be the world’s largest economy. So it’s time to look beyond the traditional focus on French and German and get many more children learning Mandarin”. The reason is simple: Britain...

By Jack Peat, Editor of The London Economic Twenty fourteen has begun with a shameful dose of xenophobia as 'floods' of Romanian and Bulgarian immigrants 'invade' British shores, pillaging our lax benefits system and 'robbing' hard-working Brits of much-needed employment. Scaremongering and sensationalism are commonplace in the dark corners of the British media, particularly among publications which use it as a life line to dupe those with more fear than sense to disperse with their 50p pieces. As economic uncertainty...

By Valentina Magri 'Life is beautiful' is not just the title of a famous Italian comedy-drama, as of 2013, it may be also the statement of the typical English citizen. The Organisation for Economic Cooperation and Development (OECD) has recently released a report entitled 'How’s Life in 2013', measuring the well-being of English people using the Better Life Index. The measure of the well-being is interesting for at least two reasons. The first is that it assesses individual and societal...

By Mary Mellor, Emeritus Professor, Northumbria University George Osborne’s Autumn Statement was a classic espousal of handbag economics, so named after the saint of the handbag, Mrs Thatcher. Handbag economics is the common sense of our age.  Public sectors are like households, they must live within their means, balance their books, cut their coat according to their cloth. Britain is to face more years of austerity, not because it is in recession, but in pursuit of the handbag ideal. According to...

By Malcolm Henry, Author of Views From The Boatshed There’s a debate going on in some nerdy corners of the internet about negative interest rates, which sounds like a desperately dull thing to be wasting time on, but it could be the spark that lights the lamp that leads us out of the economic gloom into a bright and prosperous future. A negative interest rate is being considered by some as the only plausible way to stir the economy out of the...