The Effects of Nationalisation on the British Coal Industry

Although Britain had defeated the Axis Powers in the Second World War, the country was falling from its status as the world’s sole economic heavyweight. 1945 was the second consecutive year that GDP per capita had fallen. Influenced by economists like William Beveridge and John Maynard Keynes, British economic policy operated under the guidance of the “Post-War Consensus”. From the end of the Second World … Continue reading The Effects of Nationalisation on the British Coal Industry

Nathan Osafo OmaneApril 27, 2021March 27, 20231 Comment

Business and Technology, Environment, UK

The Future of the UK’s Sustainable Automotive Industry: Can it save us from a double-dip recession?

On the 18th of November 2020, Boris Johnson announced his Ten Point Plan to drive the UK’s ‘green industrial revolution’, an ambitious plan with reforms in many high-carbon industries such as electricity and transportation. With the predictions that unemployment could reach 2.6 million by mid-2021 along with the fears of a double-dip recession, we may ask whether such costly reforms are currently appropriate, given the … Continue reading The Future of the UK’s Sustainable Automotive Industry: Can it save us from a double-dip recession?

Carl ScandeliusApril 27, 2021March 27, 2023Leave a comment

Long Read, UK

Inflation and the Pandemic

As vaccines are distributed and the end of the COVID-19 era seems more certain, the debate over how the pandemic will affect the general price level has become more prevalent among economists. Could the pandemic put an end to years of low inflation? First, monetarist theory argues that given the vast amounts of monetary stimulus from government debt, inflation is inevitable. Government debt in the … Continue reading Inflation and the Pandemic

Vimal KamathFebruary 12, 2021March 27, 2023Leave a comment

Britain’s Economy: What will happen next?

The dreaded second surge has already arrived, and with that a second national lockdown in England and more measures to come in Wales, Scotland, and Northern Ireland. Any hopes of a steady economic recovery have disappeared, with most analysts pointing to a deep and protracted recession (thanks to the combination of a severe supply-side and demand-side shock). This has prompted emergency action both from the … Continue reading Britain’s Economy: What will happen next?

Chenyang LiDecember 17, 2020March 27, 2023Leave a comment

The Wider Consequences of an Infallible Housing Market

The foundations of the British housing market have so far failed to crack under the economic strain of coronavirus. Vivid memories of the great recession where real house prices crumbled by nearly 20% meant the sector was braced for the worst as Covid 19 started to shake the world’s economies. However, whilst the country sank into its deepest recession on record and with other markets … Continue reading The Wider Consequences of an Infallible Housing Market

Tristan HandDecember 17, 2020March 27, 2023Leave a comment

Boris Johnson giving a speech outside 10 Downing street

Politics, UK

Is Johnsonism a thing – and, if so, will it mark a significant departure from Thatcherism?

Adapted for Etonomics Ever since Boris Johnson’s election in December 2019, the term ‘Johnsonism’ has appeared more and more in the media. The term suggests that Johnson’s views and beliefs can be collated into a coherent ideology in the same manner as those of Margret Thatcher (Thatcherism) and Tony Blair (Blairism). Johnson has broadly pursued moderately centrist economic policies alongside more right-wing stances on immigration … Continue reading Is Johnsonism a thing – and, if so, will it mark a significant departure from Thatcherism?

Sebastian WadeNovember 12, 2020March 27, 2023Leave a comment

Santander Bikeshare Scheme (a rack of bikes)

Pedal for Growth: Cycling and the Economy

Covid-19 has necessitated the reinvention of numerous sectors, with transport being particularly affected. No longer can millions of office workers and students crowd onto trains and buses for their commute, as social distancing rules mandate limited capacity. Instead, the UK is being encouraged to pursue active travel, with numerous schemes aimed at incentivising people to start cycling. The highway code is being updated, new cycle … Continue reading Pedal for Growth: Cycling and the Economy

Milo DennisonSeptember 29, 2020March 27, 20232 Comments

Environment, UK

Renewable Energy: Britain’s way back?

Britain’s economy has been the worst hit of all of the OECD economies (major developed economies) both before and during the lockdown period. Whilst other countries’ economies are now starting to recover, Britain is still in intensive care. There are a number of reasons for this situation. Firstly, a decade of austerity led to cuts in public spending which eroded public-sector infrastructure and good will. … Continue reading Renewable Energy: Britain’s way back?

Rohan MehtaSeptember 18, 2020March 27, 2023Leave a comment

Lessons from Austerity

In the wake of the 2007-2008 financial crisis, the UK underwent sweeping budget reforms, and almost every government agency saw extensive cuts. Alistair Darling announced in the start of 2010 plans by the Labour government of cuts “deeper and tougher” than Thatcher’s in the 1980s, and when the Conservative party was elected that year they made those cuts a reality. Yet a decade on, what was … Continue reading Lessons from Austerity

Alex GillonJune 23, 2020March 27, 2023Leave a comment

How has COVID-19 affected local food businesses?

Coronavirus has had a vast impact on the food market, in a few different ways. Supermarkets have been the first choice for most shoppers for many years when it comes to buying essentials and more, but as times have changed, so has the way people shop. By this I mean the increased usage of farm shops and similar small independent businesses. The farm shop used … Continue reading How has COVID-19 affected local food businesses?

Arthur ButtJune 23, 2020March 27, 2023Leave a comment