Cracks in the Crown: The decline of the UK Economy
During the 19th century, the UK stood as the preeminent global superpower. From the British Raj in India to the Dominion of Canada, its riches and power were unmatched. Since the height of the empire in 1922, when the UK governed 23% of the world population (458 million people with a domestic population of only 42 million) (Source: Statista), the UK has seen a gradual decline … Continue reading Cracks in the Crown: The decline of the UK Economy
Revolut: Disrupting traditional banking or becoming just another bank?
“We change the way you do money” is the slogan that greets visitors to the website of Europe’s largest startup, Revolut. But does the company uphold its promise? Founded by Nik Storonsky and Vlad Yatsenko in 2015, their fintech company Revolut had one aim: to transform the way we spend and transfer money abroad. Initially, the platform enabled travelers to pay in 90 countries without a foreign … Continue reading Revolut: Disrupting traditional banking or becoming just another bank?
Tax Evasion and its Motives
Taxation is the backbone of many countries, funding vital infrastructures such as national defense and social security. Yet, a surprising number of people resent the sums of money that are taken from their salary and resort to tax evasion (deliberately underreporting their earnings) through a variety of methods. An investigation from Bloomberg shows that the richest 1% of Americans, a country widely known for its economic and political … Continue reading Tax Evasion and its Motives
Benefits of R&D
Enhanced productivity arises from the efficient combination of inputs and is driven by new ideas, technological breakthroughs, and improved business models. This transformation fuels economic growth and elevates living standards and well-being. Research and Development helps to generate results in the advancements and improvements in technology, as well as deepening capital. How can Research and Development be used to drive economic growth? Research and Development … Continue reading Benefits of R&D
News Briefing – 19/01/2025
UK Economics UK Politics World Economics World Politics Continue reading News Briefing – 19/01/2025
The Impact of Indian Immigrants on Kenya’s Economy
On August 15, 1947, British colonial rule in India ended. The borders marked by Sir Cyril Radcliffe tore apart British India, displacing over 14 million citizens, hundreds of thousands of whom sought refuge in East Africa, especially Kenya. Kenya later gained independence from Britain in 1963, and since then its economy has seen periods of rapid growth, challenges, and recovery. But to what extent is … Continue reading The Impact of Indian Immigrants on Kenya’s Economy
Bond Market Turmoil: Behind the UK’s Latest Gilt Sell-Off
The UK bond market is hitting the decks. Rising yields on gilts (UK Government bonds) are resulting in surging borrowing costs for the government; these developments are generating concerns about the country’s fiscal stability and reducing investor confidence. With the pound weakening against the US dollar and questions mounting over fiscal policy, the impact of the bond sell-off has widespread impact both on UK finances … Continue reading Bond Market Turmoil: Behind the UK’s Latest Gilt Sell-Off
Exploring Economic Systems
In todays increasingly globalised context, filled with a wide range of different cultures and ideas, it is important to classify and analyse the stratagems of the different economies. Broadly, economists classify these systems into three categories: market economies, command economies and mixed economies. Each system represents a unique approach to organising resources and addressing the needs of its population, reflecting the diversity of economic practices across … Continue reading Exploring Economic Systems
UK Productivity – JKP 2024
INTRODUCTION Figure 1 – Graph showing how much less productive the UK is than other developed economies The productivity problem in the UK is a pressing issue that has significant implications for economic growth, living standards, and global competitiveness. Productivity, defined as the measure of output per unit of input (typically labour or capital), is crucial for evaluating how efficiently an economy converts resources into … Continue reading UK Productivity – JKP 2024
G7: Going, Going, Gone?
The Group of 7 (G7), containing the countries of Italy, Canada, France, Germany, Japan, the United States, and the United Kingdom is a political and economic forum made up of some of the world’s most historically significant major economies. However, it is worth noting that the G7 excludes two of the world’s economic giants, China and India, which are both among the top five economies … Continue reading G7: Going, Going, Gone?
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