Media updates from the Economic Policy Centre
Even though there are several positives in the economy, wage stagnation will catch up on us eventually, insists economist
Northern Ireland’s economic performance continues to remain broadly positive. Unemployment is near record lows and the economy is undergoing the process of rebalancing to be more private sector-led through a booming jobs market.
The First World War is often said to have begun because of a chain of events which started with the assassination of the Austrian Archduke Franz Ferdinand on the streets of Sarajevo in June 2014. This is the classic example of how one event can have massive global consequences. Catastrophe occurred because there were weaknesses in the global political system and mechanisms which allowed a crisis to spread. There are parallels to the state of the world economy in late 2018 given underlying weaknesses such as levels of debt and mechanisms which would facilitate spread effects.
The cost of about 600 days of “no government” has been accumulating. Two areas may be particularly important: budgetary questions, and the inability to develop policies.
Performance in global football is not that strongly associated with either the size of a country’s population or economy. Croatia is a very small country but punches (or kicks) above its weight.
The Bank of England’s Deputy Governor Andy Haldane gave two reasons why he thought the economy might be doing better than expected.
The NHS has had its achievements. Life expectancy is up by 13 years in England since 1948. However, many indicators imply there is a growing gap between the UK and many other countries.
The May Government won Monday night’s vote (25 June) to proceed towards expansion of Heathrow. Admittedly, a few more steps have to be negotiated before the first shovel hits the ground.
The 2018 World Cup is about to kick off. Which countries are likely to do well? Could richer countries “buy” better performance?
The 5 July will mark the 70th anniversary of the founding of the NHS. This anniversary marks a good point at which to ask questions about how well the NHS been performing and whether the funding model is sustainable?
Two hundred years on from his birth in the German city of Trier, interest in Karl Marx is reviving. Let us ask what is still valid about Marx and what should be put into, to use Trotsky’s phrase, “the dust bin of history”?
Notwithstanding the absence of a regional government since January 2017 the lights are still on in Northern Ireland, public services continued and the number of employees in jobs grew by 2% in 2017.
Tomorrow’s Monetary Policy Committee (MPC) at the Bank of England is likely to decide to keep interest rates where they are: 0.5%, the level they have been at for most of the decade since the banking crisis.
NISRA published it's latest data about Northern Ireland’s economic growth in 2017 on Thursday and the results make for uncomfortable reading.
The Office for National Statistics (ONS) published its latest data about Northern Ireland sectoral and regional productivity on 6 April.
As we approach the 20th anniversary of the 1998 political agreement there is an understandable interest in how the economy has performed over the last 20 years.
Wednesday’s data from the Northern Ireland Statistics and Research Agency (NISRA) show continued decline in unemployment to 3.2% in the quarter November 2017-January 2018.
Twenty years on, the Agreement has obviously been very important in political terms but how much difference has it made to Northern Ireland’s economic life?
Tuesday’s data from the Office for National Statistics show that consumer prices increased by 2.7% in the year to February.
Last Autumn Chancellor Hammond indicated that instead of two major fiscal events each year, he would consolidate this into a main Budget each Autumn and a Spring Statement each March.
Two major budgetary events may coincide next week, with the Northern Ireland Budget and the first UK Spring Statement where the Chancellor will respond to latest OBR forecasts.
The latest ONS productivity data confirm substantial NI productivity shortfall during early 2000s-2016. And little sign of narrowing of that gap in recent years
Is there anything we can learn from the recent Scottish Draft Budget 2018-19 in comparison to the Department of Finance Briefing on Northern Ireland Budgetary Outlook 2018-20?
Keynote Address by Dr Esmond Birnie to Vodafone’s Productivity Nation Conference (25 January, Titanic Drawing Rooms)
Seeing ourselves as others see us? Looking at NI’s budget dilemmas from the perspective of Scotland’s draft budget
On the eve of Burns’ Night, is there anything Northern Ireland can learn from Scotland’s draft Budget for 2018-19?
This is an new institution- a single, annual UK Budget instead of the previous pattern of a March Budget and an Autumn Statement.
At the end of this week, Northern Ireland may be entering a political twilight zone or the shadowlands- the gap between two deadlines (as previously stated by the Secretary of State).
The Organisation for Economic Co-operation and Development (OECD) is one of the leading international economic commentators
Autumn brings not just darker skies but a small relief to NI government.
In 2015 and 2016 each German worker produced about one-third more than his/her counterpart in Northern Ireland. And, for each hour worked, a German delivers almost 70% more than his/her counterpart in Northern Ireland
In September 2007 we had the collapse in confidence in Northern Rock; the first British bank run since the nineteenth century. A decade on from the crisis what have we learned?
The workforce versus the machines
Office for National Statistics indicate inflation is on the rise again
The stakes are high in global aerospace and the levels of government subsidy support enormous.
On Wednesday the Guardian newspaper published a copy of a leaked Home Office draft paper outlining possible post-Brexit UK policy on migrant labour.
There are strong suggestions that the London government is about to relax the public sector pay cap (which in most cases limited annual increases to no more than 1%).
Thinking the unthinkable: Economics of Korean Wars
We must consider long-term issues in handling deficit
Northern Ireland is cheaper than most parts of the UK
£131m extra funding welcome but this represents an increase of only about 1%. A stop-gap until either devolution back or Westminster makes budget
In NI as UK generally, atypical working/gig economy grows. The Taylor Review attempts to promote equity but could involve some large tax (NICs) increases on employers
Does Political uncertainty make economic progress impossible?- Northern Ireland and international evidence
Businesses can prosper in spite of the politics in the short run. In the long run, there may be a ceiling on performance. NI may be a model of how not to do things.
The UK and NI productivity problems have not gone away- latest figures from ONS
Changes to jobs data giving cause for concern
Goodbye to Austerity? The Conservative-DUP government deal
Goodbye to Austerity? The Conservative-DUP government deal
A PM's relationship with economists can be fraught
How Westminster's money could be why we're happy
If you create environment businesses will do the rest
How a four-day week could help with work-life balance
Drive for 'good economists' is reflected in new teaching
How jobs market could survive consumer spending slowdown
Why I'm disappointed that we're facing elections again
Businesses optimistic about what lies ahead in New Year