The year 2023 has arrived, and many economists and analysts are closely watching the global economic landscape to determine what the future might hold. After a challenging year in 2022 with the war in Ukraine and its impact on economies, many are eager to see what 2023 will bring. In this blog post, we’ll take […]
What is monetary policy? The Bank of England is England’s central bank. A central bank can use monetary policy to affect the amount of money in the economy and the cost of borrowing. The bank uses two primary instruments to do this, the interest rate and quantitative easing. The interest rate is what the bank […]
*This is the first of a series of blog posts that will help you understand some of the key economics topics and the impact they have on our day to day lives The Bank of England is the UK’s central bank. The job of the bank is to maintain an inflation rate of 2%. The […]
The “cost of living crisis” refers to the fall in ‘real’ incomes (this is the money earned after taking into account the cost of inflation) that the UK has faced since the end of the last UK lockdown. It has mainly been caused by rising inflation and the increase in household bills. Graduates (adults usually […]
The UK officially left the European Union (EU) on 1 January 2021, around 5 years after the Brexit referendum of 2016. The broad consensus surrounding Brexit is that it will have many short term costs, let’s explore this view and have a look at what some of the recent studies show. Brexit has reduced trade, […]
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