Tag: M24.1

Economics, Politics, UK

Labour’s Autumn Budget: Balancing Growth with Fiscal Reality

Labour currently face a catch-22 situation: they need to encourage growth in a country that recently exited a recession, while also filling in the £22 billion fiscal ‘black hole’. But how will they approach fiscal policy in this upcoming Autumn Budget? Will Labour continue their approach of making ‘hard decisions’ or will they take a tamer approach on the 30th of October? As always, the government has … Continue reading Labour’s Autumn Budget: Balancing Growth with Fiscal Reality

Unknown's avatarEtonomicsLeave a comment
Economics, UK

What strategies would be most effective for improving UK productivity? – JKP 2024

Amidst the complexities of the UK economy, productivity stands in the way of sustained economic growth. The UK’s productivity has barely grown since the financial crisis. One method of measuring this is through using total factor productivity (TFP). Since 2007, just before the financial crash the following year, the TFP of the UK has only increased 1.7%, compared to the 27% increase from the 16 years preceding … Continue reading What strategies would be most effective for improving UK productivity? – JKP 2024

Unknown's avatarAnthony ZhangLeave a comment
Development, Economics, Long Read

The Lewis Model of Development

In the 1950s, St Lucian economist Sir William Arthur Lewis theorised the ‘Dual Sector Model’ or the ‘Lewis Model’. The model examines structural change within developing economies which results in rapid periods of economic growth. The Lewis model centres upon a dualistic economy, which is split into the agricultural “subsistence” sector and the industrial “modern” sector. This divide can be simplified to those working in … Continue reading The Lewis Model of Development

Unknown's avatarfinnbowdlerLeave a comment
Economics, UK

What strategies would be most effective for improving UK productivity? – JKP 2024

Productivity is defined as the amount of output produced per unit of input. The most commonly used notion is labour productivity which denotes output per working hour. It has been widely acknowledged that the UK has suffered from a productivity problem: a 0.3% decrease in GDP per hour compared to 2022 and a decrease of 24% from the forecasted trend pre-financial crisis, ranking the UK bottom of all … Continue reading What strategies would be most effective for improving UK productivity? – JKP 2024

Unknown's avatarTony HuaLeave a comment
Business and Technology, Economics, UK, US

Does the gig economy support sustainable economic growth?

The launch of Uber in 2009, heralded the birth of the so called “Gig Economy” involving the exchange of labour and resources through a digital platform that could actively match buyers (riders in the case of Uber) with sellers (the drivers). On such platforms, workers perform smaller jobs, commonly referred to as ‘gigs’, instead of, or perhaps on top of, a full-time job and are … Continue reading Does the gig economy support sustainable economic growth?

Unknown's avatarhenrystirling23Leave a comment