Questions tagged [united-kingdom]

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1answer
34 views

What is the difference between HM Treasury and HM Exchequer?

Both terms refer to collecting tax revenue, right? What's the difference then? I hoped the relevant Wiki pages would help but they didn't.
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1answer
18 views

Finding data on (estimated) trade cost elasticities of imports

I'm an undergrad student of economics, and I need to find estimates of the trade cost elasticity of the UK's imports for some homework. My instructors pointed me to the World Bank's databases, ...
2
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1answer
21 views

Meaning of UK Employment Change Index - 3 Months Average

I am trying to understand the meaning of an economic index which is measured in the following way: The value for month n is determined by calculating the average of the last 3 months (n, n-1, n-2) ...
2
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0answers
60 views

Why are there no minimum wage entry level IT jobs

In the UK, I have not seen any graduate level IT jobs offering a starting salary below £20,000. At the same time, about 10% of computer science graduates are unemployed six months after graduation. ...
3
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5answers
330 views

The economics of a “no deal” Brexit

A "no deal" Brexit is presented in negative terms. In such a scenario the UK would set tariff schedules in line with trade strategy and protect domestic industry/agriculture with tariff rate quotas. ...
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0answers
27 views

What does the Bank of England do with the interest it receives?

Seeing as the Bank of England is free to create money, is the interest it receives meaningful? What does the bank do with it?
2
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2answers
52 views

How did the UK become so indebted?

In 2011, household, financial, and business debts stood at 420% of GDP in the UK. This doesn't sound like a very good state of affairs (am I wrong?). If this is a negative state of affairs how did ...
2
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0answers
83 views

Why was the Bank of England nationalized after World War 2?

After the Second World War the new Labour government nationalised the Bank of England. Did this give the British Government any new capabilities? For example, could the Government print money before ...
3
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2answers
76 views

Will the third Heathrow runway fill up within 25 years?

From a Wired article published 9 June 2018 about the proposed third Heathrow Airport runway: But Warnock-Smith1 warns that Heathrow will eventually fill up again unless air travel is redistributed ...
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1answer
76 views

How will the UK's economy be affected, if it will be a hard Brexit?

Will the outcome of Brexit have any positive impact on the UK market? Are there any available studies on this topic?