scholarly journals Does the UK economy grow faster under a Conservative or Labour government?

2021 ◽  
Vol 10 (2) ◽  
pp. 95-101
Author(s):  
Amr Saber Algarhi ◽  
Alexander Tziamalis
Keyword(s):  
Financial Crisis ◽  
Gdp Growth ◽  
2008 Financial Crisis ◽  
Quarterly Data ◽  
The United Kingdom ◽  
Real Gdp ◽  
Consistent Performance ◽  
The 2008 Financial Crisis ◽  
New Policies ◽  
The Uk

We use quarterly data from 1955 to 2019 to examine the performance of Conservative and Labour administrations in terms of real GDP growth in the United Kingdom. To account for fiscal lags in the legislation and implementation of new policies by each administration, we explore up to lag 8 in addition to an overlapping technique. Our main finding is that the UK economy has grown with a similar pace under both parties, however Labour governments seem to do better in tackling recessions and achieve a more consistent performance. Labour’s advantage becomes more pronounced if we discount the effect of a large external shock, the 2008 Financial Crisis.

Field Heteronomy and Contingent Expertise: The Case of International Tax Justice

2021 ◽  
Author(s):  
Michael Vaughan
Keyword(s):  
Financial Crisis ◽  
International Taxation ◽  
Field Analysis ◽  
2008 Financial Crisis ◽  
Diverse Range ◽  
The United Kingdom ◽  
Field Boundaries ◽  
International Tax ◽  
The 2008 Financial Crisis ◽  
Depth Interviews

Abstract The international tax system is targeted by a diverse range of networked civil society actors, from critical professionals mobilizing their expertise to anti-austerity protestors targeting the consequences of tax dodging. The years following the 2008 financial crisis saw an increase in the range of these actors and their cooperation with one another. This paper argues that a transnational field analysis complements existing expertise-oriented approaches, by identifying the overarching objective of the tax justice agenda as increasing heteronomy in the international taxation field relative to political fields. This objective requires the mobilization of diverse resources across different fields, resulting in network relationships crossing field boundaries to contest inter-field relations, rather than any single bounded field struggle. The findings are supported by an analysis of tax justice advocacy after the 2008 financial crisis in the United Kingdom and Australia, including thirty-seven in-depth interviews with different organizations involved in the network.

A yield-macro model for actuarial use in the United Kingdom

2014 ◽  
Vol 8 (2) ◽  
pp. 320-350 ◽  
Author(s):  
Şule Şahin ◽  
Andrew J.G. Cairns ◽  
Torsten Kleinow ◽  
A. David Wilkie
Keyword(s):  
United Kingdom ◽  
Yield Curve ◽  
Gdp Growth ◽  
Macroeconomic Variables ◽  
Macro Model ◽  
The United Kingdom ◽  
Term Structures ◽  
Real Gdp ◽  
Bidirectional Relations ◽  
The Uk

AbstractWe construct yield curve models for the UK nominal, real and implied inflation spot rates considering the linkage between their term structures and some macroeconomic variables, in particular, realised inflation and real GDP growth. The paper extends the benchmark “yield-only” model proposed by Şahin et al. (2014) by exploring the bidirectional relations between the yield curve factors and the macroeconomic variables and proposes a “yield-macro” model. Although a simple autoregressive order one process fits the yield curve factors quite well the insertion of some macroeconomic variables such as realised inflation and real GDP growth improves the models significantly. We also model macroeconomic variables that take the term structures into account and compare the yield-macro model with Wilkie’s model both philosophically and empirically.

scholarly journals Central and Eastern European Accession: Changing Perspectives on Migrant Workers

2017 ◽  
Vol 16 (4) ◽  
pp. 659-668
Author(s):  
Ian Fitzgerald ◽  
Rafal Smoczyński
Keyword(s):  
Financial Crisis ◽  
Trade Union ◽  
Migrant Workers ◽  
Evidence Based ◽  
Eastern European ◽  
2008 Financial Crisis ◽  
The North ◽  
Central Argument ◽  
The 2008 Financial Crisis ◽  
The Uk

This article provides a reflection on the period since the May 2004 Central and Eastern European (CEE) accession and subsequent migration to the UK, and on shifting perspectives of and towards CEE migrants in this period. The authors have been researching this phenomenon in the North of England since 2005 through a series of studies as well as ongoing engagement with regional respondents. CEE migration is analysed through the perspectives of government, employers and trade union interests. A central argument is that attitudes to CEE migrants changed following the 2008 financial crisis as funding for local authorities was reduced, obscuring evidence-based arguments for their value to the UK labour market.

scholarly journals ‘We want what you have’: Faustian Finance in The Terrible Privacy of Maxwell Sim and Capital

2020 ◽  
Vol 4 (2) ◽  
pp. 66-77
Author(s):  
Francesco Di Bernardo
Keyword(s):  
Financial Crisis ◽  
2008 Financial Crisis ◽  
The 2008 Financial Crisis ◽  
The Uk

‘We want what you have’ is the most emblematic sentence in Lanchester’s Capital: it is printed on a postcard left in the houses of Pepys Road and evokes the spectre of house repossessions followed by the 2008 financial crisis. Conversely, in literature the repossession by definition is that of Faust’s soul by Mephistopheles. Ian Watts (2006) tracing the origins of the Faustian myth recounts the historical and fictional roots of the myth and affirms that that Faust represents the ‘unrepentant individualist’. Faust’s unstoppable desire to achieve his own interests by any means is eventually the cause of his own ruin and perpetual damnation. The financial crisis started in 2008 in the UK revealed the fallacy of the “alchemic” dream of the deregulated finance to constantly generating wealth through dubious gambling practices. The result of that individualistic and greedy pursue of wealth is the current economic and social crises. In this paper I will investigate how the parable of greed, success, crisis and final ruin is represented through Faustian echoes in Coe’s The Terrible Privacy of Maxwell Sim and Lanchester’s Capital. I will focus specifically on those characters and sections of the novels that revoke the Faustian parable in the context of the representation of deregulated finance.

Tourism spending behaviour before and after the 2008 financial crisis

2016 ◽  
Vol 23 (1) ◽  
pp. 223-228 ◽  
Author(s):  
Ksenija Dumičić ◽  
Josip Mikulić ◽  
Anita Čeh Časni
Keyword(s):  
Pilot Study ◽  
Financial Crisis ◽  
2008 Financial Crisis ◽  
Quarterly Data ◽  
Future Studies ◽  
Long Run ◽  
Before And After ◽  
Short Run ◽  
The 2008 Financial Crisis ◽  
Heterogeneous Panel

This research note analyses the long-run and short-run relationships between tourism expenditure, income and transportation costs based on quarterly data for European countries spanning the period from 1996Q1 to 2014Q1. As the first macroeconomic study to explore how tourist spending behaviour potentially reacted to the 2008 financial crisis, this article uses the heterogeneous panel data technique of Pesaran et al. The results of this pilot study reveal interesting differences in the long-run relationships between the examined variables before and after 2008Q3. Since this study uses a rather simple expenditure model, future studies might extend their focus to other demand variables to obtain a better understanding of changed tourist spending behaviour induced by the crisis.

Brown and Cameron

2020 ◽  
pp. 258-288
Author(s):  
Stephen Wall
Keyword(s):  
Financial Crisis ◽  
National Interest ◽  
Conservative Party ◽  
Positive Role ◽  
2008 Financial Crisis ◽  
The Public ◽  
The Press ◽  
The 2008 Financial Crisis ◽  
The Uk ◽  
The Eu

As Prime Minister, Gordon Brown practised a form of muscular inter-governmentalism, often creating largely invented conflicts with EU partners to demonstrate toughness. He played a positive role in the EU in the 2008 financial crisis. His successor, David Cameron, had hoped to stop the Conservative Party from ‘banging on about Europe’, but the issue of Europe rose in prominence as immigration from the EU became a part of the UKIP threat. The Cameron-led coalition changed the law to provide for referendums on major treaty transfers of powers to the EU. By 2012, Cameron had become convinced of the need for an ‘in’ or ‘out’ referendum. He was caught between insisting that the EU needed to reform and his simultaneous argument that the UK had a vital national interest in remaining a member. His renegotiation was discounted in the Press and by the public.

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