Taken at face value, David Cameron’s warning this week about risks in the global economy sounds like it might be wonderfully prescient. Here’s the country’s economic chauffeur, carefully checking his instrument gauges, and sure enough, sees the same signs today that should have given us warning of the crisis of 2007-08. Time to apply the brakes.
The EU has demanded rapid payment of £1.7 billion from the UK because our economy has done better than predicted, and some of this is due to the prostitution market now being considered as part of our National Accounts and contributing an extra £5.3 billion to GDP at 2009 prices, which is 0.35% of GDP, half that of agriculture. But is this a reasonable estimate?
Usually when the latest US labor data is released, it gets hastily boiled down to one figure for handy consumption in the news cycle. However, there is a lot more going on in this data that can be revealed by statistical analysis.
To paraphrase The Wire’s Stringer Bell: 'Product, my dear colleagues. Product'. When the putative 'CEO' of the Barksdale drug gang was referring to 'product', he possibly wasn’t thinking of the 'gross domestic' kind.
‘UK house prices rose by 8% in the year’ is the latest startling headline following the Office for National Statistics' latest data release. With an election now less than a year away, to understand the statistics surrounding the cost of buying a home, your have to look at their relationship with politics and behavioural economics.