Economics
Has the UK election results had any impact on the price on Bitcoin?
The recent skyrocket in Bitcoin’s market value has caused there to be a great deal of speculation about how long lasting this success will be and whether it is just a matter of time before it sees a significant crash (as was the case on previous occasions). As Bitcoin is decentralised by nature, it is possible that it will perform differently than other currencies as it is not controlled by any company, government or a particular organisation. Bitcoin, the very...
Here we go again! UK banking industry “accident waiting to happen”
You would think the banking industry would learn but sadly it appears not, according to a new report. The Adam Smith Institute, a leading think-tank, have said that the banking sector is an “accident waiting to happen.” The report has been published to coincide with the 10th anniversary of the Northern Rock crisis, that led to a run on the bank. This new report, which was authored by Kevin Dowd, Finance and Economics Professor at Durham University, was scathing on...
Report blasts Govt for ignoring “forgotten” 3 million public sector workers
‘Government con trick’ sees billions stripped from budgets to deny real-pay rise to lower-paid 55 per cent of workers GMB, the union for public sector workers, accuses Theresa May of ignoring the ‘forgotten’ three million public sector staff in a major new report today [September 13 2017). The majority of public sector workers – 55 per cent - including council workers, front-line school and police support staff, and civil servants are not covered by a Pay Review Body, For years,...
Universal basic income plan enjoys huge level of support, poll finds
Almost half of adults (49%) aged between 18-75 said they would consider some form of Universal basic income. The poll had been commissioned by IPR for Ipsos-MORI and the support is for surprisingly high for an income that meets every citizen’s basic needs, regardless of social demographic and existing wealth. Every person in the UK would benefit from a state payment. However, when individuals were asked to consider UBI funded through increased taxation, support dropped to 30%, with 40% opposed....
Coastal communities among the most deprived in UK, report finds
The picturesque seaside resorts many of us visit are not what they seem to be. Behind the sunshine (and showers) is a worrying level of deprivation. The Social Market Foundation has found that the coastal communities of the UK are among the worst off for employment, health, education and earnings. Behind the sandcastles and picture postcard vistas average wages are £3,600 a year behind the national average. The Think Tank found that five of the 10 local authorities in the...
Annual FTSE100 CEO pay would take average worker over 150 years to earn
Figures released by High Pay Centre are a ‘scandal’, says GMB union It would take a worker on a normal salary more than 150 years to earn the average yearly pay packet trousered by top chief executives FTSE100 companies, says GMB. Figures released by the High Pay Centre and the Chartered Institute of Personnel and Development today show the average pay received by CEOs of FTSE100 listed companies in 2016 was £4.5million. The average median full time wage in the...
Here’s How the Pound Sterling Could Fare as Brexit Negotiations Get Underway
The Pound Sterling crashed to a 31-year low last year after the historic Brexit referendum in which Britain voted to leave the European Union. Some people believe that Brexit will ultimately benefit the economy of the UK even though there mere might be some initial turbulence; many others believe that Brexit can only trigger chaos in the UK and EU as the populist voice becomes louder. Economists have been pitching their tents on both sides of the divide but it...
Union attacks “double bite of austerity” as government sneaks out pension age increase
Millions of workers set to work longer as Government bring forward state pension age increase. The GMB Union has attacked a Government announcement that a rise in the pension age to 68 has been brought forward. Ministers confirmed it will be phased in between 2037 and 2039, rather than by 2046 as was originally proposed. Six million men and women aged between 39 and 47 will have to wait a year longer to get their state pension as a result of...
London’s growth is wobbling, says capital’s dedicated Think Tank
New analysis published today by Centre for London suggests that Brexit may already be having an impact on the capital, with fewer Europeans coming here for work, a slowdown in job creation, a loss of momentum in business confidence, and decelerating house price growth. Published to coincide with the launch of Centre for London’s new research programme, the analysis draws together unfolding demographic, housing, transport, economic and quality of life data. This analysis is found in The London Intelligence, Centre...