236 results on '"ECONOMIC conditions in Great Britain, 1997-"'
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2. Making Sense of the Costs and Benefits of Brexit: Challenges for Economists.
- Author
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Begg, Iain
- Subjects
BREXIT Referendum, 2016 -- Economic aspects ,ECONOMISTS ,ECONOMIC conditions in Great Britain, 1997- ,ECONOMICS ,ECONOMIC development - Abstract
The UK's decision to leave the European Union will have a wide-ranging effect on the British economy, but the scale and sequencing of the likely effects are hard to gauge. The uncertainties surrounding how a country separates itself from a regional economic bloc have posed challenges to the economics profession about how best to analyse the many consequences. The paper discusses the main lines of relevant economic argumentation, and reviews the evidence from studies of the likely effects of 'Brexit'. It then considers how the UK's economic linkages with the EU might evolve and examines some of the ensuing political economy challenges. The concluding section ponders the role of economists in so contentious a political development. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
3. Valpy FitzGerald: radical macroeconomist of development.
- Author
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Toye, John
- Subjects
- *
MACROECONOMICS , *ECONOMIC policy , *ECONOMIC development , *ECONOMIC reform ,ECONOMIC conditions in Great Britain, 1997- - Abstract
This article traces the education and career trajectory of Valpy FitzGerald, from his upbringing within the culturally distinguished Knox family, his education at Oxford and Cambridge and his career as a radical macroeconomist of development at Cambridge, The Hague and the Oxford Department of Development (ODID). It highlights his work with the Sandinista revolution in Nicaragua, his advisory role with the British Labour Government after 1997 and his contributions to the reform of ODID. [ABSTRACT FROM PUBLISHER]
- Published
- 2017
- Full Text
- View/download PDF
4. Powerhouse of cards? Understanding the ‘Northern Powerhouse’.
- Author
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Lee, Neil
- Subjects
REGIONAL disparities ,ECONOMIES of agglomeration ,ECONOMIC development ,ECONOMIC conditions in Great Britain, 1997- ,REGIONALISM - Abstract
Copyright of Regional Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2017
- Full Text
- View/download PDF
5. Country/Territory Report - United Kingdom.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,BRITISH politics & government, 2007- ,ECONOMIC development - Abstract
A country report for Great Britain is presented from publisher IHS Global Inc., with topics including economic growth, country risk rating and political condition.
- Published
- 2015
6. Country/Territory Report - United Kingdom.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,BRITISH politics & government ,POLITICAL risk (Foreign investments) ,ECONOMIC development ,ELECTIONS ,ECONOMIC forecasting ,ECONOMIC indicator charts & diagrams - Abstract
The report presents political and economic condition and forecasts for Great Britain as of September 30, 2014, looking at the country's political, economic, legal, operational, tax and security risks. Noted is the robust economic activity of the country. The increase of opportunities for government parties at the 2015 election is attributed to its improved economic performance. Graphical representations of the key economic and political indicators and forecasts of the country are also provided.
- Published
- 2014
7. Compelling Evidence of an Environmental Kuznets Curve in the United Kingdom.
- Author
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Sephton, Peter and Mann, Janelle
- Subjects
KUZNETS curve ,PER capita ,GROSS domestic product ,ECONOMIC development ,ENERGY development ,ECONOMIC conditions in Great Britain, 1997- - Abstract
The objective of this paper is to investigate the relationship between per capita emissions ( $$\hbox {CO}_{2}$$ and $$\hbox {SO}_{2}$$ ) and economic growth (per capita GDP) in the UK using a long span of data. This paper examines the existence of a non-linear relationship between emissions and economic growth using methods that do not restrict the relationship to be any particular shape. The methodology employs instrumental variables in the place of per capita GDP to deal with potential concerns about errors in variables and endogeneity. The empirical results provide strong support for the environmental Kuznets curve, with estimated turning points in 1966 and 1967 for $$\hbox {CO}_{2}$$ and $$\hbox {SO}_{2}$$ , respectively. These turning points correspond roughly with the introduction of the Clean Air Act in the UK as well as the reduction in the use of coal as an energy source; and together, they provide a snapshot of the forces driving the turning points. The paper continues by further investigating the temporal behavior of the inverted U-shaped relationship. The findings indicate that if emissions and per capita GDP deviate from their long-run relationship, emissions do the 'heavy lifting' to restore the system to equilibrium. This result is intuitively pleasing because mitigation is directly affected by legislation as opposed to declining economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
8. Resurrected right, disorientated left: Pre-crisis economics and post-crisis emotions.
- Author
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Berry, Craig
- Subjects
- *
ECONOMIC development , *ECONOMIC recovery ,ECONOMIC conditions in Great Britain, 1997- ,BRITISH economic policy, 2010- - Abstract
The Conservative party's ability to embrace popular concerns around value, place and equality has enabled it to resurrect the old pre-crisis growth model, says Craig Berry, in a move which none of the post-crisis narratives offered by the Labour party has yet been able to disrupt or overturn. [ABSTRACT FROM AUTHOR]
- Published
- 2015
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9. UK Forecast in Detail.
- Subjects
ECONOMIC forecasting ,PUBLIC debts ,PUBLIC finance ,ECONOMIC development ,ECONOMIC conditions in Great Britain, 1997- - Abstract
A consistent drop in public sector net borrowing in the first half of the year has stalled recently. And signs of a weaker pace of growth in the economy also points to borrowing in 2015-16 not falling as fast as the OBR expects. But evidence that the economy's potential is stronger than previously believed may allow an easing of the longer-term fiscal squeeze. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
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10. GROWING TOGETHER.
- Author
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Flanders, Stephanie
- Subjects
ECONOMIC policy ,ECONOMIC development ,BRITISH social policy ,ECONOMIC conditions in Great Britain, 1997- - Abstract
The article presents the author's insights on the need for the government of Great Britain for a growth strategy to create an economy for everyone. Topics include the disconnection between social and economic policy in the country after leaving the European Union (EU), the commitment made by Prime Minister Theresa May to build an economic policy based on the interests of the country, and the proposals from the Inclusive Growth Commission for economic development.
- Published
- 2016
11. GROWING PAINS.
- Author
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Jackson, Tim
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,BRITISH withdrawal from the European Union, 2016-2020 ,ECONOMIC development ,ECONOMIC structure ,LABOR productivity - Abstract
The article offers the author's insights on the economic development in Great Britain. Topics include the aspects of voting the withdrawal from the European Union known as (Brexit), low-quality jobs, and labour productivity in the country. Also mentioned are the four principles for a socio-economic transformation including enterprise as service, work as participation, and investment as a commitment.
- Published
- 2016
12. Interrogating States’ Soft Power Strategies: A Case Study of Sports Mega-Events in Brazil and the UK.
- Author
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Grix, Jonathan, Brannagan, Paul Michael, and Houlihan, Barrie
- Subjects
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CAPITALISM , *ECONOMIC systems , *ECONOMIC development ,ECONOMIC conditions in Brazil, 1985- ,ECONOMIC conditions in Great Britain, 1997- - Abstract
Central to this article is the use of sports mega-events as part of a state's “soft power” strategy. The article offers two things: first, a critique of the “soft power” concept and a clearer understanding of what it refers to by drawing on the political use of sports mega-events by states; second, the article seeks to understand how and why sports mega-events are attractive to states with different political systems and at different stages of economic development. To this end a case study of an advanced capitalist state (London Olympics, 2012) and a so-called “emerging” state (FIFA World Cup, 2014; Rio Olympics, 2016) will be undertaken in order to shed light on the role of sports events as part of soft power strategies across different categories of states. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
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13. Exploring the Impact of the Recession on British Volume Housebuilders: A Behavioural Analysis.
- Author
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PAYNE, SARAH
- Subjects
HOUSING market ,HOUSE construction ,HOUSING ,HOUSING policy ,ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,ECONOMIC recovery - Abstract
The 2008/2009 recession had a pronounced impact on the financial performance, stability and output of Britain's volume housebuilders, leading to a historic decline in new housing supply. Whereas current policy ambitions signal the need for a substantial increase in speculative housing provision, little is known about how the recession affected the attitudes and motivations of Britain's volume housebuilders or what such behavioural legacies might mean for post-recession housing delivery. Indeed, whilst the British economy and housing market are showing positive signs of recovery and growth, speculative housebuilding completions remain well below policy ambitions. It is therefore unclear whether Britain's volume housebuilders, in light of their recessionary experiences, have the capacity to deliver such a step change in housing supply. In addressing this gap in knowledge, this paper examines the recessionary attitudes and motivations of Britain's biggest housebuilders and, in doing so, outlines a number of key challenges that may confront policy-makers and the housebuilders themselves in their attempts to meet the housing needs of a post-recession Britain. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
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14. How will the Atlantic Gateway support sustainable economic growth?
- Author
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Menzies, Walter
- Subjects
SUSTAINABLE development ,ECONOMIC conditions in Great Britain, 1997- ,BRITISH economic policy, 2010- ,ECONOMIC development ,INFRASTRUCTURE (Economics) - Abstract
Atlantic Gateway -- including the cities of Liverpool and Manchester -- is a proposition to create the critical mass to achieve a new level of sustainable economic growth not previously achieved in the UK outside London. The Atlantic Gateway Partnership's aim is to attract investment and accelerate growth as a transformational contribution to rebalancing the UK economy. The author sets out the challenges and the context and describes the proposition, the partnership and the priorities. The paper concludes with an exploration of future options. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
15. Country/Territory Report - United Kingdom.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,GROSS domestic product ,ECONOMIC development ,ECONOMIC forecasting ,MONETARY policy ,ECONOMIC indicator charts & diagrams - Abstract
A report on the economic condition of Great Britain as of June 2013 is presented. Gross domestic product (GDP) growth is reportedly expected to increase by 1.4% in 2014 due to moderating inflation, easier credit conditions, healthier global growth, and higher employment. It provides an overview of the financial situation and the recent developments in the external sector, inflation, economic policy, and monetary policy. Several charts depicting economic indicators are also presented.
- Published
- 2013
16. Country Report: United Kingdom.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,BRITISH politics & government, 1485- ,FISCAL policy ,ECONOMIC development ,POLITICAL stability ,ECONOMIC forecasting - Abstract
A report on the economic and political conditions of Great Britain as of June 2013. It explores the country's policy trends, fiscal policy, and monetary policy as well as its international relations, exchange rates, and economic development. It discusses Great Britain's political stability wherein the Conservative-Liberal Democrat governing coalition has a solid majority, however their relations are strained. It forecasts more austerity measures due to the nation's fiscal problems.
- Published
- 2013
17. Country/Territory Report - United Kingdom.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC forecasting ,ECONOMIC development ,ECONOMIC indicator charts & diagrams ,FINANCIAL services industry - Abstract
The article provides an overview of the economic and financial condition of Great Britain as of December 2012. It forecasts that the nation's economy will see marginal growth in the fourth quarter of 2012 due to the debt crisis in Europe. It discusses the developments in Great Britain's consumer demand, inflation, and labor markets. It offers information on the performance of key industries including financial services. Several charts depicting economic indicators are also presented.
- Published
- 2012
18. Country Report: United Kingdom.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,BRITISH economic policy, 2010- ,BRITISH politics & government, 2007- ,ECONOMIC development ,ECONOMIC forecasting ,POLITICAL forecasting ,POLITICAL stability - Abstract
An overview of the economic and political conditions in Great Britain for 2012 to 2016 is presented. It provides forecasts on the nation's political stability, election results, and international relations. It offers predictions of the country's policy trends, fiscal and monetary policy and economic growth. Also offered are charts depicting the monthly, quarterly and annual forecasted results.
- Published
- 2012
19. BMI Research: United Kingdom Oil & Gas Report.
- Subjects
PETROLEUM industry ,GAS industry ,ECONOMIC trends ,ECONOMIC development ,ECONOMIC activity ,ECONOMIC forecasting ,ECONOMIC conditions in Great Britain, 1997- - Abstract
An industry report for the trends and developments in Great Britain's oil and gas market for the third quarter (Q3) of 2012, which includes a ten-year forecast to 2021, is presented. It offers an overview of the global oil supply and demand, oil production, and market changes and risks. It provides an analysis which includes strengths, weaknesses, opportunities for improvement and threats to the industry. Several charts are given depicting the comparative industry indicators from 2009 to 2021.
- Published
- 2012
20. Economic forecast.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,GROSS domestic product ,FOREIGN exchange rates ,ECONOMIC development - Abstract
The article presents an economic forecast for Great Britain for 2010-2015. It discusses the country's international assumptions in terms of its gross domestic product (GDP), exchange rates, and economic growth. It reports on the country's economic expansion by 1.3% in 2010 after a sluggish exit from recession in 2009 supported by solid manufacturing gains, government spending and a mid-year surge in construction.
- Published
- 2011
21. Economic policy outlook.
- Subjects
ECONOMIC forecasting ,ECONOMIC policy ,ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,GROSS domestic product ,PRICE inflation - Abstract
The article offers information on the economic policy forecast for Great Britain. It states that unsettled economic outlook would continue as the policymakers attempt to reverse the stimulus measures. It says that low-carbon industry and digital technology investments are considered as the primary factors of economic development. It adds that Economic Intelligence Unit Ltd. expects optimistic projections for the growth of gross domestic product (GDP) and inflation.
- Published
- 2011
22. Economic forecast.
- Subjects
ECONOMIC forecasting ,ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,PRICE inflation ,FOREIGN exchange rates ,GROSS domestic product ,BALANCE of payments - Abstract
The article presents an economic forecast for Great Britain for 2010-2015 relative to its economic growth, inflation, exchange rates, and external sector. It expects the progress in addressing macroeconomic weaknesses in the country as well as an increase of its gross domestic product (GDP). It expects a rise of the inflation rate which is underpinned by rising utility costs and global commodity pries. Furthermore, it forecasts a decline of the current-account deficit.
- Published
- 2011
23. Economic performance.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,ECONOMIC forecasting ,GROSS domestic product ,EXPORTS & economics ,CONSUMER price indexes ,ECONOMICS - Abstract
The article offers information on the economic performance of Great Britain as of January 2011 by the Economist Intelligence Unit Ltd. (EIU). EIU notes that the revised gross domestic product (GDP) data by the Office for National Statistics (ONS) has showed an increased in the country's investments. EIU forecasts a large growth in the country's net exports. EIU also stresses that the consumer price index (CPI) inflation in the country will remain high.
- Published
- 2011
24. Economic forecast.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,ECONOMIC forecasting ,UNEMPLOYMENT & economics - Abstract
The article presents forecasts on the economy of Great Britain from 2010 to 2015 by the Economist Intelligence Unit Ltd. (EIU). EIU forecasts some progress in the management of the country's macroeconomic weaknesses in 2011 to 2015. EIU also expects unemployment in the country to increase during the given forecast period.
- Published
- 2011
25. Economic performance.
- Subjects
ECONOMIC development ,GROSS domestic product ,CONSUMER price indexes ,DEPRECIATION allowances ,ECONOMIC indicators ,ECONOMIC conditions in Great Britain, 1997- - Abstract
The article discusses the economic performance of Great Britain from 2007 to 2010. It focuses on the report released by the Office of National Statistics (ONS) which reveals 0.2% inefficiency of economic growth on a quarterly basis on the estimated economic data and gross domestic product (GDP). The country's annual rate of consumer price indexes that rebounds to 3.4% that affects sterling depreciation and retail price index.
- Published
- 2010
26. 2010 - The Political Year in Review The Return of Boom and Bust.
- Author
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Hay, Colin
- Subjects
- *
ECONOMIC development , *ELECTIONS , *POLITICAL science ,BRITISH politics & government, 2007- ,ECONOMIC conditions in Great Britain, 1997- - Abstract
The article reviews the political condition of Great Britain in 2010 in the light of the growing economy that had led to sustained economic growth for 15 years. It presents an argument that the said year may well prove not to have been a very good election to win for politicians. It states that 2010 will be remembered as a controversial year as it is a year of two elections.
- Published
- 2010
27. The Story of a North Sea Bubble: The Strange Demise of the Anglo-Liberal Growth Model.
- Author
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Hay, Colin
- Subjects
- *
INTERVENTION (International law) , *ECONOMIC development , *GREAT Depression, 1929-1939 , *ECONOMIC efficiency , *ECONOMIC equilibrium ,ECONOMIC conditions in Great Britain, 1997- - Abstract
In the wake of the deepest and longest recession the UK has experienced since the 1930s, this paper examines the origins, sustenance and puncturing of the growth dynamic the UK economy enjoyed between 1992 and 2007. In so doing it seeks to gauge the character, paradigmatic significance and effectiveness of the interventions made in the attempt to shore up the growth model and the prospects for the resumption of growth in the years ahead. It argues that the Anglo-liberal growth model is, indeed, fatally flawed and that, in the absence of a new growth model, it is difficult to see how sustained economic growth can be achieved. Yet it also argues that, at present, no alternative growth model is on offer and that it is wrong to infer the likelihood of a paradigm shift in economic thinking from the 'inter-paradigm' borrowing used to shore up the old growth model in the midst of the recession. If crises are judged as much by the transformations to which they give rise as by the accumulation of pathologies out of which they crystallize, then what we have experienced to date is not so much a crisis as a catastrophic equilibrium. Though the symptoms to which it has given rise are pregnant with the possibility of crisis, the crisis itself is yet to come. [ABSTRACT FROM AUTHOR]
- Published
- 2010
28. Economic forecast.
- Subjects
ECONOMIC forecasting ,ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,GROSS domestic product ,PETROLEUM product sales & prices - Abstract
The article forecasts the economic conditions of Great Britain for 2010 to 2011. There will be a continued global economic growth particularly on the country's industrial production industry. The gross domestic product (GDP) of the European Union (EU) will increase by 0.9 percent in 2010 and 1.2 percent in 2011. It also expects that crude oil will increase to 75 U.S. dollars per barrel in 2010 but will decrease to 70 U.S. dollars per barrel in 2011.
- Published
- 2010
29. Economic performance.
- Subjects
ECONOMIC activity ,ECONOMIC development ,GLOBAL Financial Crisis, 2008-2009 ,GROSS domestic product ,ECONOMIC conditions in Great Britain, 1997- - Abstract
The article reports on the economic performance of Great Britain in 2009. It mentions that the economy contracted by 6% since the start of the recession while real gross domestic product (GDP) declined by 0.3% in the third quarter of 2009. In contrast, U.S. and German economies grew by 0.7% in the same period of 2009 with the Euro area expanding by 0.4%. Several charts relative to the economic performance of Great Britain is presented.
- Published
- 2009
30. Economic forecast.
- Subjects
ECONOMIC forecasting ,ECONOMIC development ,PRICE inflation ,GROSS domestic product ,ECONOMIC conditions in Great Britain, 1997- - Abstract
The article presents an economic forecast for Great Britain for 2010-2011. It analyses the international assumptions from 2008-2011 which provides improving global economic picture. It states that the decline in real gross domestic product by 4.6% in 2009 will rise by 0.6% before 2010 and will continue to increase by 1% in 2011. It also highlights Great Britain's projected economic growth, annual inflation, and exchange rates by the next 2 coming years.
- Published
- 2009
31. BMI Research: UK Autos Report.
- Subjects
AUTOMOBILE industry ,SALES forecasting ,ECONOMIC indicators ,ECONOMIC development ,MANUFACTURING industries ,ECONOMIC conditions in Great Britain, 1997- ,BRITISH politics & government, 2007- - Abstract
Based on the competitiveness of its manufacturing industry and regulatory environment, the UK leads BMI's Business Environment Ratings for the auto industry in Europe this quarter. However, how long the UK will be able to sustain this position will depend significantly on the regulatory environment in the country. Although the new prime minister, David Cameron, has said commitment to manufacturing is one of the government's main priorities, the business secretary, Vince Cable, has said the new government is unlikely to continue providing direct support for carmakers, except to those in 'exceptional circumstances'. Given that carmakers already face the challenge of rising raw material prices and uncertain currency movements, we stress that the new government will have to ensure that the support to carmakers is withdrawn only after some amount of stability has returned to the market. Figures for the first seven months of this year show that new car sales increased 15.1% year-on-year (y-o-y), to 1.24mn units, but a 13.2% y-o-y fall in July, has cast doubts on whether the market could end 2010 on a positive note. BMI forecasts new car sales will reach 1.98mn units by the end 2010, down nearly 1% compared with last year. We expect more pronounced growth from 2011 when we expect the market to grow nearly 4% y-o-y, to sales of 2.31mn units. Although we expect the economy to return to growth averaging 2.3% y-o-y in 2011, high vehicle ownership levels will limit any significant growth in the passenger car segment. This will limit car sales to 2.3mn units by the end of 2014, only just surpassing the pre-crisis levels of 2008. Production has recovered from the sharp drop last year, rising 41.9% y-o-y, to 808,844 units, in 7M10. However, BMI sticks to its view that output in 2010 is likely to remain well below pre-crisis levels, reaching 1.36mn units by the end of the year. Meanwhile, our expectations of a much stronger recovery in production from 2011 are being weakened by widespread fiscal consolidation, weak bank lending and internal devaluations in the eurozone. Although we expect growth thereafter, we expect output to reach 1.60mn units by the end of 2014, not yet recovering to the pre-crisis level of 1.65mn units produced in 2008. Ford Motor and Vauxhall continue to lead the market, with the former's Fiesta and Focus remaining the best selling models so far this year. Much of the sales growth this year is down to the scrappage scheme, and consumers have shown a preference for smaller low cost cars. Hyundai Motor, Ford, Kia Motors and Volkswagen emerged as the biggest beneficiaries of the incentive, together taking nearly 40% of the total 392,466 vehicles sold under the scheme between January and July this year. [ABSTRACT FROM AUTHOR]
- Published
- 2009
32. BMI Research: United Kingdom Infrastructure Report: Major Infrastructure Developments And Key Projects.
- Subjects
INFRASTRUCTURE (Economics) ,ROAD construction ,CONSTRUCTION projects ,CONSTRUCTION contracts ,ECONOMIC development ,ECONOMIC conditions in Great Britain, 1997- - Abstract
The article offers information on several infrastructure development projects in Great Britain in 2009. It notes that the country is planning to invest £30 million for the construction of roads that will connect ports and airports. It likewise states the £4.5 billion upgrade project for M25 will be financially closed in April. Moreover, ABB Group won a construction contract worth EUR60 million from Eirgrid PLC for the construction of a power transmission line.
- Published
- 2009
33. Economic forecast.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC forecasting ,ECONOMIC development ,FOREIGN exchange rates ,MONETARY policy ,INTERNATIONAL finance - Abstract
The article forecasts the economic developments in Great Britain for 2008 and 2009. It explores the country's position in the international market, economic growth, inflation, exchange rates, and external sector. It discusses the slowdown of the purchasing power parities (PPPs), the developments in global financing curb, and the deterioration of the balance on trade in goods.
- Published
- 2008
34. ECONOMIC LANDSCAPE.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,GROSS domestic product ,PRICE inflation ,BUDGET deficits ,EXTERNAL debts - Abstract
The article offers information on the economic landscape of Great Britain. It states that the country's economic development has been based on its strong industrial centers. However, it notes that the services sector has dominated the industrial sector to become the key driver of economic growth. It cites that gross domestic product (GDP) growth was good in 2007 at 3.5% and inflation was around a target rate of 2%. Concerns on budget deficit and external debt are addressed.
- Published
- 2008
35. Economy.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC demand ,CURRENCY revaluation ,ECONOMIC development ,PRICE inflation ,ECONOMIC competition ,FOREIGN investments - Abstract
The article offers information on the economic background and performance in Great Britain. The country is considered as one of the strongest economy in Europe with expanded domestic demand and currency value appreciation. The economy has experienced strong growth from 1993-2004 due to the non-inflationary growth, competition, foreign investment and macroeconomic policy-making.
- Published
- 2007
36. ECONOMY.
- Subjects
ECONOMIC development ,GROSS domestic product ,ECONOMIC forecasting ,BRITISH economic policy, 1997-2010 ,BRITISH foreign relations, 1997-2010 ,ECONOMIC conditions in Great Britain, 1997- - Abstract
Provides information about the economic background, performance and major trading partners of Great Britain as of December 2005. Real gross domestic product of the British economy; Factors that can be attributed behind the strong economic performance of the nation during the 1993-2004 period; Prospects for future economic growth.
- Published
- 2006
37. United Kingdom Country Profile.
- Subjects
ECONOMIC development ,ECONOMIC activity ,INTERNATIONAL agencies ,INTERNATIONAL organization ,ECONOMIC conditions in Great Britain, 1997- ,BRITISH politics & government, 1997-2007 - Abstract
Presents an executive summary of the country profile of Great Britain as of December 2005. International agencies where the country plays a significant part; Overall economic performance of Great Britain from 1999 to 2004; Outlook on the economic growth of the country for 2004 to 2009.
- Published
- 2006
38. Economic forecast.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC forecasting ,ECONOMIC development ,PRICE inflation ,GROSS domestic product - Abstract
The article focuses on the economic forecast related to economic conditions prevailing in Great Britain. The country will experience its weakest two-year period of growth since 1991-92, with real gross domestic product set to expand by just 1.8% in 2006. The main impetus to activity will once again come from the services sector, although industrial production should recover in 2006-07 after contracting in 2005. During the course of 2005 inflation rose sharply against a backdrop of surging international oil prices. The short-term interest rate differential that has underpinned sterling's exchange rate since mid-2003 will narrow, weakening sterling's external value against the euro in 2006 and 2007, with Great Britain interest rates on a downward path.
- Published
- 2006
39. The domestic economy: Employment, wages and prices.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,PRICE inflation ,ECONOMIC indicators ,CONSUMER price indexes ,ECONOMIC development - Abstract
The article presents information on the employment, wages and prices of the domestic economy of Great Britain as of April 2005. Inflation has edged up in early 2005 . Inflation as measured by the European Union's harmonised index of consumer prices that rose to 1.6% in January-February, up from 1.1% in September. The main factors exerting upward pressure on inflation in February were transport costs and seasonal food prices, with fresh vegetables in particular rising following poor winter weather.
- Published
- 2005
40. The domestic economy: Output and demand.
- Subjects
ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC indicators ,GROSS domestic product ,ECONOMIC development - Abstract
The article presents information on the domestic economy of Great Britain as of April 2005. Chained volume data indicate that real GDP grew by 0.7% quarter on quarter in the final three months of 2004 and by 2.9% year on year. This meant that Great Britain was once again comfortably the fastest-growing of the European Union's four largest member states. The components of GDP, however, suggest that there was a marked change in the pattern of economic activity, with final domestic demand slowing sharply.
- Published
- 2005
41. Divergence of Trends in US and UK Aggregate Exergy Efficiencies 1960-2010.
- Author
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Brockway, Paul E., Barrett, John R., Foxon, Timothy J., and Steinberger, Julia K.
- Subjects
- *
EXERGY , *ENERGY consumption , *ECONOMIC development , *ENERGY policy ,UNITED States economy, 2009-2017 ,ECONOMIC conditions in Great Britain, 1997- - Abstract
National exergy efficiency analysis relates the quality of primary energy inputs to an economy with end useful work in sectoral energy uses such as transport, heat and electrical devices. This approach has been used by a range of authors to explore insights to macroscale energy systems and linkages with economic growth. However, these analyses use a variety of calculation methods with sometimes coarse assumptions, inhibiting comparisons. Therefore, building on previous studies, this paper first contributes toward a common useful work accounting framework, by developing more refined methodological techniques for electricity end use and transport exergy efficiencies. Second, to test this more consistent and granular approach, these advances are applied to the US and UK for 1960 to 2010. The results reveal divergent aggregate exergy efficiencies: US efficiency remains stable at around 11%, while UK efficiency rises from 9% to 15%. The US efficiency stagnation is due to "efficiency dilution", where structural shifts to lower efficiency consumption (e.g., air-conditioning) outweigh device-level efficiency gains. The results demonstrate this is an important area of research, with consequent implications for national energy efficiency policies. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
42. Engaging with engagement: how UK business schools could meet the innovation challenge.
- Author
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Thorpe, Richard and Rawlinson, Richard
- Subjects
BUSINESS schools ,EXECUTIVES ,ECONOMIC development ,MASTER of business administration degree ,ECONOMIC conditions in Great Britain, 1997- ,SMALL business - Abstract
Purpose – The purpose of this paper is to explore how business schools can better engage with business practice, building on literature that highlights their lack of impact and questions their business-model sustainability. Reporting exemplars of good practice in engagement (in both research and teaching), the paper offers six recommendations for Deans of business schools, government, and businesses. Design/methodology/approach – The research was undertaken for a report commissioned by the Association of Business Schools for the Minister of State for Universities and Science. Methods included a review of published literature; surveys of practising managers, managers who had changed careers to work in business schools, managers who had taken MBA degrees, doctoral students, deans of business schools, and fellows of learned societies; and interviews with individuals close to government who were themselves preparing reports on shaping government policy for business development and economic growth. Examples of good practice were examined for both content and lessons on how they developed. Findings – Six recommendations are proposed, on programme design; faculty skills and experience; developing partnerships and relationships; assessing impact; managing and organizing research; and differentiating business-school offerings for enhanced profile and distinctiveness. Two further crosscutting themes relate to the incentives that might be required for change to happen, and the capabilities needed for delivery. Originality/value – Originality in the paper stems from its focus on the solutions to the problems identified, as opposed to the restatement of the problems themselves. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
43. Creating New Paths? Offshore Wind, Policy Activism, and Peripheral Region Development.
- Author
-
Dawley, Stuart
- Subjects
- *
OFFSHORE wind power plants , *ECONOMIC geography , *ECONOMIC development , *WIND power plants , *ECONOMICS ,ECONOMIC conditions in Great Britain, 1997- - Abstract
This article extends economic geography research on path creation by developing a conceptual framework that moves beyond existing firm-centric accounts and connects to a wider array of actors and multiscalar institutional contexts that mediate the emergence and development of growth paths. As part of a broader understanding of social and institutional agency, the approach specifically redresses the apparent neglect of the multiple roles of the state and public policy interventions in research on path creation. The framework is used to interpret more than 30 years of path-creation activities that have placed the peripheral region of North East England at the forefront of the United Kingdom's burgeoning offshore wind sector. The empirical findings reveal how a variety of path-creation mechanisms have served to shape, and be shaped by, successive causal episodes of complex and geographically situated social agency. Emerging from an episode of entrepreneurial activity, the path's creation was subsequently catalyzed by a decade of strategic and contextual regional policy intervention before a radical restructuring of economic development governance in the United Kingdom created a policy vacuum for the path's development. The analysis of the policy-on, policy-off episodes illustrates the potential agency of evolutionary inspired policy interventions in supporting mechanisms of path creation and reveals a varied set of implications for the cohesion and embeddedness of the path's development. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
44. 3. MACROECONOMIC OVERVIEW: 3.1. International environment.
- Author
-
KIRÁLY, MÁTYÁS
- Subjects
MACROECONOMICS ,ECONOMIC policy ,ECONOMIC forecasting ,ECONOMIC indicators ,ECONOMIC development ,ECONOMIC conditions in Great Britain, 1997- ,PORTUGUESE economy ,SPANISH economy ,TWENTY-first century - Abstract
The article presents a global macroeconomic overview. Topics discussed include a moderate global economic growth with significant differences between the regions, stagnant euro-area economy in the second quarter of 2014, positive economic data from Portugal and Spain and the contribution of the service sector to the continuous economic growth of Great Britain.
- Published
- 2014
45. An historical perspective on the forecasting performance of the Treasury Model: forecasting the growth in UK consumers' expenditure.
- Author
-
Cook, Steve
- Subjects
ECONOMIC forecasting ,CONSUMPTION (Economics) ,ECONOMIC demand ,ECONOMIC development ,ECONOMIC conditions in Great Britain, 1997- - Abstract
Drawing upon Treasury Official Economic Forecasts Vols. I & II, a series of Treasury Model (TM) forecasts of the percentage growth in real total consumers' expenditure are derived for the period 1967 to 1989. The one-, two- and three-step ahead forecasts examined cover an interesting period which includes major shocks to the UK economy, business cycle effects and changes in economic policy. Whilst a battery of forecast evaluation statistics and tests do not detect any evidence of forecast bias or irrationality over the whole sample, split-sample analysis provides evidence of a switch from overprediction to underprediction around 1977. In addition, the application of 'modified' versions of Holden-Peel (1990) tests provides evidence of the longest horizon forecasts failing to capture the full movement of changes in consumption growth. Using simple regression and a selection of forecast encompassing tests, shorter horizon forecasts are found to dominate longer horizon forecasts, a feature which might be expected logically, but need not occur in practice. Finally, forecast performance is related to changes in model specification and modelling methodology. [ABSTRACT FROM AUTHOR]
- Published
- 2012
- Full Text
- View/download PDF
46. Canada, Britain and the drive to restore economic growth.
- Author
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Victor, Peter and Hallsworth, Alan
- Subjects
ECONOMIC development ,CANADIAN economy, 1991- ,ECONOMIC conditions in Great Britain, 1997- ,BRITISH economic policy, 2010- ,COMPARATIVE economics ,CANADIAN politics & government, 1980- ,SOCIALISM ,GREENHOUSE gases ,EMISSIONS (Air pollution) ,GLOBAL Financial Crisis, 2008-2009 - Abstract
The 'sub-prime' meltdown has accelerated critiques of the economic modelling that underpinned the activities of banking and allied industries. Coincidentally, there has been resurgence in interest in more socialised interpretations of economic life. In this article we seek to show how it may still be possible to marry formal economic modelling with these more socialised concerns. We argue that, at a time when many economists are anticipating slower growth rates in the future, such a possibility need not be disastrous. Indeed, it could result in genuine gains in terms of sustainability and a more just and stable society. Overall, then, we outline proposals for a different long-run economic trajectory and conclude with brief comments on the suggestion that Britain can validly overcome current deficits by copying the actions of the Liberal Government of Canada during the 1990s. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
47. Pathology Without Crisis? The Strange Demise of the Anglo-Liberal Growth Model.
- Author
-
Hay, Colin
- Subjects
- *
GLOBAL Financial Crisis, 2008-2009 , *ECONOMIC development , *RECESSIONS , *LIBERALISM ,ECONOMIC conditions in Great Britain, 1997- - Abstract
In the wake of the deepest and longest recession the UK has experienced since the 1930s, this article examines the origins, sustenance and puncturing of the growth dynamic the UK economy enjoyed between 1992 and 2007. In so doing it seeks to gauge the interventions made to attempt to shore up the growth model and the prospects for the resumption of growth. It argues that the Anglo-liberal growth model is, indeed, fatally flawed and that, in the absence of a new growth model, it is difficult to see how sustained economic growth can be achieved. Yet it also argues that, at present, no alternative growth model is on offer and that it is wrong to infer the likelihood of a paradigm shift in economic thinking from the 'inter-paradigm' borrowing used to shore up the old growth model in the midst of the recession. If crises are judged as much by the transformations to which they give rise as by the accumulation of pathologies out of which they crystallize, then what we have experienced to date is not so much a crisis as a catastrophic equilibrium. Though the symptoms to which it has given rise are pregnant with the possibility of crisis, the crisis itself is yet to come. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
48. Labour's Record on the Economy.
- Author
-
USSHER, KITTY
- Subjects
- *
ECONOMIC development , *INCOME gap , *PUBLIC spending , *GOVERNMENT spending policy , *FINANCIAL services industry , *PUBLIC debts ,ECONOMIC conditions in Great Britain, 1997- ,BRITISH politics & government, 1997-2007 ,BRITISH politics & government, 2007- - Abstract
The article evaluates government initiatives focused on the economy that were developed by Great Britain's Labour Party during its period of dominance from 1997 to 2010. The author provides reasons for Great Britain's economic growth during this time prior to the onset of the 2008 global financial crisis. The connection between this growth and growing income inequality in the country is then assessed. Policies pertaining to Britain's financial services industry, national debt, and government spending are examined as well.
- Published
- 2010
- Full Text
- View/download PDF
49. Can the recovery in house prices be sustained?
- Subjects
HOUSING market ,HOUSING policy ,HOME prices ,MORTGAGE loans ,ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,ECONOMIC forecasting - Abstract
The article discusses the major role of the housing market in the economy of Great Britain and how its recovery could impact overall economic growth. It states that the housing market measures economic growth as higher rates in house prices suggests higher consumer spending and better economic outlook. It is said, however, that the boom in the housing sector is faced with concerns such as falling incomes, higher taxes, and expensive mortgage lending rates.
- Published
- 2010
- Full Text
- View/download PDF
50. PROSPECTS FOR THE UK ECONOMY.
- Author
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Kirby, Simon, Barrell, Ray, and Foley-Fisher, Nathan
- Subjects
ECONOMIC forecasting ,ECONOMIC conditions in Great Britain, 1997- ,ECONOMIC development ,PUBLIC spending ,GROSS domestic product ,EMPLOYMENT - Abstract
The article discusses economic forecasts for Great Britain in 2011 and 2012. Yearly growth rate is predicted to escalate to 2% in 2011 and 2.25% in 2012. General government spendings is expected to drop about .75% from gross domestic product growth in 2011 and 2012. In 2011, growth in employment is anticipated, but will be inadequate to absorb hikes in the labor force. Forecasts for prices and earnings, demand, household sector, supply, public finances and accumulation are discussed.
- Published
- 2010
- Full Text
- View/download PDF
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