Tag Archives: GDP & Economic Activity

A couple of weeks ago, my old shower broke down, needing replacement. Chatting to bathroom-kitchen store manager, I learnt that business was brisk for them, especially the demand for new bathrooms.  In fact, very brisk. Lots of people wanting new bathrooms for their holiday to-be-let homes, with higher rents in mind, as well as for actually lived-in homes. His order book is far stronger than in ‘normal’ times. For those who ‘have’, the times are not – financially speaking – bad at all. All...

A couple of weeks ago, my old shower broke down, needing replacement. Chatting to bathroom-kitchen store manager, I learnt that business was brisk for them, especially the demand for new bathrooms.  In fact, very brisk. Lots of people wanting new bathrooms for their holiday to-be-let homes, with higher rents in mind, as well as for actually lived-in homes. His order book is far stronger than in ‘normal’ times.For those who ‘have’, the times are not – financially speaking – bad at all.All this...

Is our biggest worry inflation? No, our biggest worry is a fall in employment, investment and income.Inflation is caused by the economy ‘overheating’. Wage and price inflation arises when economic activity (investment, employment, income) exceeds the capacity of the economy.  Put simply, inflation most often arises in conditions of full employment, when incomes are high and rising and when investment in new jobs, speculation and the creation of new assets, surges. Many point to the 1970s as...

Is our biggest worry inflation? No, our biggest worry is a fall in employment, investment and income. Inflation is caused by the economy ‘overheating’. Wage and price inflation arises when economic activity (investment, employment, income) exceeds the capacity of the economy.  Put simply, inflation most often arises in conditions of full employment, when incomes are high and rising and when investment in new jobs, speculation and the creation of new assets, surges.  Many point to the 1970s...

Is our biggest worry inflation? No, our biggest worry is a fall in employment, investment and income.Inflation is caused by the economy ‘overheating’. Wage and price inflation arises when economic activity (investment, employment, income) exceeds the capacity of the economy.  Put simply, inflation most often arises in conditions of full employment, when incomes are high and rising and when investment in new jobs, speculation and the creation of new assets, surges. Many point to the 1970s as...

In 2020, GDP per head of population fell, year on year, by a massive 10.5%. For me, that’s the  take-away statistic from last Friday’s GDP-related ‘data dump’ by ONS.  The level of GCDP per head (in real, inflation-adjusted terms) was £29,124.  This was almost identical to the level in 2009 (£29,098), at the peak of the global financial crisis, and otherwise the lowest on record since 2003. Of course, the extent of the decline is heavily down to the government’s  first lockdown restrictions,...

In 2020, GDP per head of population fell, year on year, by a massive 10.5%. For me, that’s the  take-away statistic from last Friday’s GDP-related ‘data dump’ by ONS.  The level of GCDP per head (in real, inflation-adjusted terms) was £29,124.  This was almost identical to the level in 2009 (£29,098), at the peak of the global financial crisis, and otherwise the lowest on record since 2003. Of course, the extent of the decline is heavily down to the government’s  first lockdown restrictions,...

In 2020, GDP per head of population fell, year on year, by a massive 10.5%. For me, that’s the  take-away statistic from last Friday’s GDP-related ‘data dump’ by ONS.  The level of GCDP per head (in real, inflation-adjusted terms) was £29,124.  This was almost identical to the level in 2009 (£29,098), at the peak of the global financial crisis, and otherwise the lowest on record since 2003.  Of course, the extent of the decline is heavily down to the government’s  first lockdown...

Over the last decade the relationship between mainstream economics and serious spatial analysis – always sporadic – has become even more tenuous. What lies ahead for the British economy over the next ten years? Here, relentless centralisation of Westminster politics and Whitehall practice has been matched by a similar trend in much of the economics profession. The result of this insensitivity to the geographically uneven development of the economy has been an entirely predictable political...

Over the last decade the relationship between mainstream economics and serious spatial analysis – always sporadic – has become even more tenuous. What lies ahead for the British economy over the next ten years? Here, relentless centralisation of Westminster politics and Whitehall practice has been matched by a similar trend in much of the economics profession.The result of this insensitivity to the geographically uneven development of the economy has been an entirely predictable political...