Austerity has pushed the UK’s poorest households further into debt – here’s how

Shutterstock Debt is a growing problem for people on low incomes and it has been made worse by the austerity policies that followed the 2007-08 financial crisis. The UK’s poorest households have the highest debt-to-income ratio in comparison to other income groups. This often means they struggle to repay their debt because it is so …

Formula One motor firms are becoming textbook cases in how to successfully branch into other sectors

The new Formula One season is getting underway with the Australian Grand Prix. Like every year, there are changes afoot: new drivers, tweaks in vehicle aerodynamics, revised rules and regulations. But behind the scenes, another transformation is taking place. In both the UK Motorsport Valley and the Italian Motor Valley – the two regions where …

Trade wars are growing over the digital economy – and developing countries are shaping the agenda

Shutterstock At the heart of the current US trade war with China is tariffs on imports like steel, sorghum and silicon chips. But, with the growing role of data and digital technology in the world economy, a new arena of digital trade conflict is on the cards. Rapid growth in e-commerce, cloud computing, and other …

What Red Nose Day tells us about the need for comic relief in the modern workplace

shutterstock Red Nose Day – organised by Comic relief – is one of the only times of year when it’s OK to go to work in a brightly coloured wig and throw gunge at your boss. Founded by the comedy scriptwriter Richard Curtis and comedian Lenny Henry in response to famine in Ethiopia, the telethon …

Q&A: Why is the UK planning to cut tariffs on most imports in the event of a no-deal Brexit?

A frictionless border. Remizov / Shutterstock.com As Brexit creeps closer with no deal in place, the UK government has published contingency plans to avoid a hard border between Northern Ireland and the Republic of Ireland. Central to this is a unilateral commitment by the UK not to apply checks or controls on goods at the …

The EU is trying to protect your memes – but it’s a battle against humourless algorithms

Hitler is not amused: an internet parody based on a scene from the film Downfall. Hitler Rants Parodies The European parliament will vote at the end of March 2019 on a proposal to reform EU copyright law. Under this proposal, online platforms arguably have to introduce technological filters to tackle copyright infringements. This will be …

Brexit may usher in point of no return for UK tech start-up scene

Other European cities have been quick to sense opportunities from Brexit. Charles Hawley/Twitter Sifting through the noise to really understand what impact Brexit and all the uncertainty that it brings is having on the UK’s technology start-up scene, it’s possible to see a picture emerging. It is one that should cause serious concern for anyone …

Smoking costs society dear – so why isn’t Big Tobacco paying its way?

Shutterstock It is well known that some of the world’s biggest technical companies pay pitiful amounts of corporate tax. Now our new research has placed the tax returns of tobacco firms under the spotlight. Despite the enormous harm they cause, and the massive profits they earn, it turns out that multinational tobacco companies pay almost …

Brexit Britain’s weakness exposed in US trade deal documents

The US has published its objectives for a proposed trade agreement with the UK – and its thinking highlights just how weak Britain’s bargaining position will be in the post-Brexit global economy. The US trade representative outlines many of the usual ways to increase trade between the two countries – namely, reducing tariffs and ensuring …

Secular stagnation: it’s time to admit that Larry Summers was right about this global economic growth trap

No laughing matter. Asia Society, CC BY-SA In the autumn of 2013, former US treasury secretary Larry Summers proposed in a seminal speech at the International Monetary Fund headquarters in New York that the global economy had entered a long-term economic slump. Invoking a previously discredited 1930s theory known as secular stagnation, Summers argued that …