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Questions tagged [united-kingdom]

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Why was the September 2022 United Kingdom mini-budget so badly received, but not other similar budgets?

I'm not sure if this is an economics question or a political one. I'm posting it here because I'm looking for an economics-based answer. In September 2022, UK Prime Minister Liz Truss produced a ...
1 vote
1 answer
84 views

Why raise UK interest rates to control inflation Now - May 2023?

The usual reason given for raising rates to control inflation is that it reduces consumer spending, increases borrowing costs and slows the economy. However, in an environment where the inflation has ...
0 votes
1 answer
33 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, ...
0 votes
0 answers
281 views

What is the average capitalization rate ('cap rate') in the UK?

The capitalization rate ('cap rate') of a property is the net operating income (NOI) divided by the current market price of the property. The NOI is the annual income obtained from renting the ...
1 vote
1 answer
98 views

Gini Index Rise: UK 1980s

The Gini Index for the UK showed a considerable rise in the 1980s. Before and after this it has largely plateaued (within the bounds of noise). I am assuming that this was due to policies of Thatcher'...
1 vote
1 answer
31 views

UK gilt yield melt up - fiscal dominance - preferences versus constraints

In 1962, Milton Friedman dismissed the notion of "central bank independence" as a polite fiction, saying "it would not survive the first real conflict with government." Since then, ...
2 votes
2 answers
182 views

Why could a CO2 producer in the UK not just increase its price to match input price increases?

I'm confused about this UK story of the need for government intervention to "bail out" a CO2 producer: The UK government has agreed to subsidize a major US fertilizer manufacturer at a cost ...
2 votes
2 answers
1k 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.
2 votes
1 answer
52 views

Does the UK have a trade agreement with Australia?

Since the UK was a member of the EU, I'm assuming the EU was responsible for any kind of trade arrangements between the UK and Australia, but I'm not entirely sure. Does the UK have an agreement with ...
2 votes
1 answer
60 views

UK Government Coronavirus Job Retention Scheme Funding

During the Covid-19 outbreak the UK government is offering to pay upto 80% or a max of £2500 per month to prevent employers laying off workers; Furloughed workers If you and your employer both ...
0 votes
1 answer
93 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?
2 votes
1 answer
24 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 votes
0 answers
75 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 votes
5 answers
354 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. ...
3 votes
2 answers
83 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 ...
2 votes
0 answers
195 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 ...
2 votes
2 answers
69 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 ...