Let me share some facts behind the Brexit very quickly. There is 65.14 million population in the UK but only 17, 410, 742 voters voted for the Brexit that means about 48 million British did not provide an input on Brexit. However, the majority are being ruled by the minority, Is not it? Similarly, another... Continue Reading →
A report on the causes of BREXIT has been published. According to this report, Brexit was the reason of ‘Poverty, Low Skills and Lack of Opportunities’. The research was accomplished by Goodwin, M, and Heath, O (2016) for the JRF Organisation. ‘This report provides unprecedented insight into the dynamics of the 2016 vote to leave... Continue Reading →
Now, the UK has decided to leave the EU following the results from the referendum. People’s verdict is always supreme; everyone should respect the mandate. But the Brexit was an outcome of a divided campaign within the Conservative party i.e. Prime Minister vs Ex-Mayor of London. Also I think, election time is not good as people are disappointed with austerity measures and the European Union (EU). The EU was unable to sort out the problems of austerity,... Continue Reading →
The UK economy will have to weather a short, sharp shock, with Brexit uncertainty holding back both business investment and consumer spending, according to a leading economic forecasting group. As forecasters cut growth expectations, a survey of finance chiefs showed caution increasing since the referendum, and retailers reported fewer shoppers on the high street than a year... Continue Reading →
The EU is capable of change, but in only one way; to grab more power from the member states. Democratic reform within the EU is an impossibility. Britain, one of the EU’s biggest donors, asked for reform, and, even when faced with the prospect of Brexit, the EU could offer us virtually nothing. The Lisbon Treaty gave the EU all the trappings of a nation state, and specifies that the EU is sovereign authority in all areas except those where it has chosen not to legislate. If you’re staying in the EU in the misguided belief that you can reform it, you fail to understand sixty years of history; we will be crushed by an unstoppable bureaucracy.
The vast and growing gap between rich and poor has been laid bare in a new Oxfam report showing that the 62 richest billionaires own as much wealth as the poorer half of the world’s population. Timed to coincide with gathering of many of the super-rich at the annual World Economic Forum in Davos, the... Continue Reading →
Oxfam’s latest report claims that income inequality has reached a new global extreme, exceeding even its predictions from the previous year. The figures behind this claim are striking – just 62 individuals now hold the same wealth as the bottom half of humanity, compared to 80 in 2014 and 388 in 2010. It appears not only... Continue Reading →
An Economy For the 1%: How privilege and power in the economy drive extreme inequality and how this can be stopped The global inequality crisis is reaching new extremes. The richest 1% now have more wealth than the rest of the world combined. Power and privilege is being used to skew the economic system to... Continue Reading →
“Even with this year’s increase in the minimum wage, the Tories will have overseen the slowest pay growth in a century and the third slowest since the 1860s,” he said. George Osborne has justified cuts to in-work benefits by arguing that the government is transitioning the UK from being “a low-wage, high-welfare economy to a... Continue Reading →
People were preparing for the Christmas and Boxing day but the days Britain went under water. Due to heavy rain more flooding in northern England like Lancashire, Yorkshire & Humber, Leeds, Rochdale, Summerseat and Great Manchester cities and towns are badly affected. Affected areas are being evacuated. ...
THE BEST POSTS IN 2015: With the end of the year approaching, this is the perfect time to look back and reflect favourite blog posts. I have chosen eight post, those I have felt incredible ! Two are poetry, One of which I shared from TED talk. The most viewed posts have been taken as a... Continue Reading →
The UK today is one of the developed world’s most unequal nations, with the richest 1,000 people owning more wealth than 40% of the population, or 25.6 million people. Inequality has stretched our society to breaking point, with vast material differences creating huge social distances. It’s why over 80% of people are now concerned about the gap between rich and poor, and why even billionaires such as Bill Gates and Warren Buffett have voiced concerns over inequality. But inequality isn’t inevitable, it can be reversed. For this to happen we need our politicians to commit to its reduction.
Some car insurance companies are charging "eye-watering" fees on top of annual premiums, according to the consumer organisation. It found that some insurance companies charged up to £75 for cancelling a policy - even in the cooling-off period. Others charge £50 to renew a policy or £30 for duplicate documents.
Stiglitz said the best way to save the European political project was “to let the euro go … Not only has there been evidence of a lack of solidarity, there is even a misunderstanding of what solidarity is, and you can’t have a group of countries with the same economic arrangements without some degree of solidarity.”
The UK’s economy is not bad even it is safer as it has its own currency to manipulate international trade, but need to careful. Only enjoying with austerity is a kind of contraction of economy, it doesn't help in the long run. It is short run rescue plan. Economics always says that expenditure is definitely not a problem if earning is smoothly going on. So need to learn how to earn...