Tag Archives: Economic growth

07Jul/23

How holidaying in developing countries affects local inequality

July 7, 2023TravelAlex, Alexander Tziamalis, Barbados, Creative Commons, Distribution of wealth, Dominican Republic, Economic growth, Economic inequality, Effects of economic inequality, Egalitarianism, Gross domestic product, Income distribution, Income inequality in the United States, India, Poverty, Redistribution of income and wealth, Tanzania, Tourism, United Kingdom, United States, Yuan Wangadmin

A few years ago, one of us (Alex) went for a vacation to the Dominican Republic. The motivation was similar to millions of other tourists every year: escape the daily routine, enjoy the sun and beaches, and gather some strength to face another cold winter.

Unfortunately, a few things weren’t very conducive to a happy break. The staff at the mammoth hotel were making as little as US$1 (£0.79) for a 12-hour shift. Worse, most of them lived in a shanty town nearby. They had no sewers and no reliable electricity.

The hotel also exploited its power over local farmers to procure food exceedingly cheaply. Schools were overcrowded and many children dropped out to work in businesses like these hotels and farms, perpetuating the cycle.

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17Apr/23

How does the UK Government’s Data Protection and Digital Information Bill impact the economy?

April 17, 2023SecurityAnonymity, Articles, Bill, Data security, Economic growth, Information governance, Personal data, Personal life, Privacy, Social issues, United Kingdomadmin

April 17, 2023 /Technology/ —The UK Government’s Data Protection and Digital Information Bill (DPID Bill) is a piece of legislation that aims to reform the UK’s data protection framework. The Bill is currently being debated in Parliament, and it is expected to be passed into law in 2023.

The DPID Bill has the potential to have a significant impact on the UK economy. On the one hand, the Bill could lead to increased compliance costs for businesses. This is because the Bill introduces a number of new requirements for businesses that process personal data, such as the need to conduct data protection impact assessments and to appoint a data protection officer.
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12Oct/22

How many work projects are too many? Here’s why you should tell your boss to stop at five

October 12, 2022BusinessAnatoli Colicev, Articles, Creative Commons, Economic growth, Economy, Management, Manufacturing, Productivity, Resource management, SHUTTERSTOCK, Tuuli Hakkarainenadmin

Anatoli Colicev, University of Liverpool and Tuuli Hakkarainen, University of Liverpool

Working across several projects is the norm for most jobs these days. In fact, more than 80% of employees juggle multiple work projects at once, according to recent research.

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03Oct/22

Three reasons a weak pound is bad news for the environment

October 3, 2022FinanceAlix Dietzel, Alvin Birdi, Articles, British Pound Sterling, Carbon tax, Climate change mitigation, Climate change policy, Creative Commons, Economic growth, Energy, Katharina Richter, Kwasi Kwarteng, Low-carbon economy, Nature, Richard Whitcombe, Russia, THE BANK OF ENGLAND, Ukraine, United Kingdomadmin

Katharina Richter, University of Bristol; Alix Dietzel, University of Bristol, and Alvin Birdi, University of Bristol

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains volatile and far below its value earlier this year.

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24Sep/22

Mini budget 2022: experts react to the new UK government’s spending and tax-cut plans

September 24, 2022EconomyAndrew Burlinson, Anthony Barber, Articles, Boris Johnson, British Pound Sterling, Carbon tax, Catherine Waddams, Creative Commons, Donald Hirsch, Economic growth, Economic inequality in the United States, Economics, Economy, Fiscal policy, FX Spot Rate, Income tax in the United States, Inflation, Jean-Philippe Serbera, Jim Watson, Joe Biden, Jonquil Lowe, Kwasi Kwarteng, Phil Tomlinson, Philippe Serbera, Reaganomics, SHUTTERSTOCK, Steven McCabe, Supply-side economics, Tax, Tax cut, THE BANK OF ENGLAND, Thomson Reuters, UK Pound Sterling/US Dollar FX Spot Rate, UK Pound Sterling/US Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS, United Kingdom, United Kingdom cost of living crisis, United States, university of east anglia, Value-added taxadmin

Phil Tomlinson, University of Bath; Andrew Burlinson, University of East Anglia; Catherine Waddams, University of East Anglia; Donald Hirsch, Loughborough University; Jean-Philippe Serbera, Sheffield Hallam University; Jim Watson, UCL; Jonquil Lowe, The Open University, and Steven McCabe, Birmingham City University

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.

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24Sep/22

Mini budget: will Kwasi Kwarteng’s plan deliver growth?

September 24, 2022EconomyCreative Commons, Deficit reduction in the United States, Economic growth, Economy, Economy of the United Kingdom, Government, Kwasi Kwarteng, Presidency of Barack Obama, Reaganomics, Steve Schifferes, Tax, THE BANK OF ENGLAND, United Kingdom, United Kingdom national debtadmin

Steve Schifferes, City, University of London

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

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Tag: Economic growth