“It’s quite concerning”: Senior Bank of England official addresses the shortage of female economics students | Bank of England
Claire Lombardelli on Economics and Its Image Issues Claire Lombardelli, the lieutenant governor of the Bank of England, highlights a significant perception problem surrounding economics. It tends to be dominated by men from affluent backgrounds, and there are insufficient numbers of students, particularly women, studying it at the undergraduate level. “It’s pretty bad in every […]
Number of payrolled workers in UK falls by 78,000 as pay growth stays high | Economics
The number of payroll workers for UK companies fell at the fastest pace due to the height of the Covid pandemic amid global uncertainty and warnings that Rachel Reeves’ budget measures could lead to unemployment. National Bureau of Statistics figures show that after a revised decline of 8,000 in February, the number of people employed […]
The Forgotten Economics Behind Trump’s Tariffs, Part II
Trump’s best tariff strategy is working The textbook warned us. They said that if the country attempts to impose tariffs, other countries will retaliate. A trade war breaks out. Prices will rise, trade will collapse, and everyone will lose. But something strange happened. Donald Trump has imposed tariffs and the world has been adjusted. There […]
Firms hold back on hiring amid ‘significant cost rises’, surveys say | Economics
According to the latest business research, businesses are putting the brakes on hiring new staff amid a rise in “controlled” economic outlook and wage bills. In signs of weakening the UK labour market, consultants KPMG and trade agencies significantly reduced the number of people placed in permanent and temporary roles by the Recruitment and Employment […]
Labour will not release long-awaited industrial strategy until June | Economics
The workers' long-awaited industrial strategy will not be published until June, but the minister will submit plans for individual sectors to show that they are working to start growing, it has appeared . Life Science Strategy – highlighted by Prime Minister Rachel Reeves in his prominent growth speech in Oxfordshire – and advanced manufacturing have […]
Democrats need less identity politics, more practical economics
In the 2024 election, a broad swath of Americans, especially young people without a college education, blacks, and Latinos, turned toward Donald Trump and the Republican Party. Democrats know they have to change course if they don't want to become a permanent minority party that only supports people with college degrees or higher. Of course, […]
Rise in employer national insurance is threat to jobs and pay rises, firms warn | Economics
UK employers have warned that a rise in employer national insurance contributions in the Budget could hit jobs, limit pay rises and hit businesses such as pubs, hotels and restaurants. Keir Starmer and Chancellor Rachel Reeves will introduce employer contributions in their Budget on October 30, as part of plans to plug what the government […]
Nobel economics prize is awarded for research into why countries succeed or fail
The Nobel Prize in Economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for their research into why some countries succeed and others fail. The three economists “demonstrated the importance of social institutions for a country's prosperity,” the Royal Swedish Academy of Sciences' Nobel Prize Committee said in a statement in […]
Trio of professors win Nobel economics prize for work on post-colonial wealth | Nobel economics prize
Three U.S.-based academics, including two British-born academics, have been recognized for their work showing how the types of institutions introduced by colonizers helped determine whether countries are rich or poor today. A professor has won this year's Nobel Prize in Economics. The explanation put forward by Turkish-American Daron Acemol, Sheffield-born Simon Johnson, and British James […]
Money by David McWilliams review – the story of cold hard cash | Economics
MaSecrets, or the lack thereof, were at the heart of Victorian fiction. Think of Mr Micawber in David Copperfield, in debtors' prison, waiting to be discovered. Or Augustus Melmotte, the financier in Trollope's How We Live. The stories always involved wills, heir dowries and the collapse of get-rich-quick Ponzi schemes. Novelists of the time knew […]