K.E.S. Economics

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Bank of England should CUT interest rates to zero, not raise it, warns former policy chief

The Bank of England should consider reducing interest rates to zero, says a former policy chief.<p>Professor David Blanchflower reckons falling shop …

Bank of England

Brexit and the UK economy one year on

<b>Before last year's Brexit vote, there were warnings from many economists that the UK would suffer a catastrophic economic shock and be catapulted into recession by a Leave vote.</b><p>As it turned out, those predictions were a touch pessimistic.<p>But one year on, what do economists and businesses think of …

DEBATE: One year on from the referendum, is there a case for the UK staying in the European Economic Area?

One year on from the referendum, is there a case for the UK staying in the European Economic Area?<p>YES – Alasdair Smith, professor of economics at the …

If we are spending less cash, why are we printing more banknotes?

The amount of cash in circulation soared last year despite the rise of card payments - but what is it all being used for?<p>In the run up to Christmas 2016, the value of the Bank of England notes in circulation reached over £70bn for the first time - an increase of 10pc on a year earlier.<p>But at the …

Finance

The higher the inequality, the more likely we are to move away from democracy

I am asked this question very often: why should we care about inequality? There are three reasons.<p>First, every inequality in the treatment or position of individuals – including inequality in income and wealth – requires understanding and justification, because we are all fundamentally the same. …

Income Inequality

Q&A: The Tory plan to cap energy prices

<b>The Conservatives have released more details about their proposed cap on energy prices.</b><p>They say that 17 million people will benefit - by saving £100 a year on their bills.<p>But many in the industry think it is a bad idea, as it will reduce competition in what is supposed to be a free market.<p>And while …

National minimum wage increases could cost jobs, IFS warns

<b>Labour and Conservative plans to increase the National Minimum Wage (NMW) could cost jobs, according to the Institute for Fiscal Studies.</b><p>Both parties plan to raise the NMW significantly if they are elected.<p>The IFS said at some point higher wages would hit employment, penalising workers who are …

Platonically irrational

How much did Plato know about behavioural economics and cognitive biases? Pretty much everything, it turns out<i>By Nick Romeo</i>Read at Aeon

Globalization's Ill Effects Have Been Wildly Exaggerated

Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has …

Economics

This chart shows how UK stocks have performed under every prime minister since 1970

The general consensus is that a bigger Tory majority — the widely expected outcome — should lead to a softer Brexit and therefore be a material positive for the markets. Of course, no one really knows what will happen either in the election or to the markets afterward.<p>Regardless, investment firm …