https://padlet.com/hackzoid/xgc369y3ysk8 Made with tears and regrets en-us 2017-11-11 11:35:22 UTC 2026-03-17 22:32:01 UTC hello@padlet.com hackzoid https://padlet.com/hackzoid/xgc369y3ysk8/wish/205895351 -GDP - Found
-Unemployment - Found
-Business Cycles -
-Inflation- Found]]> 2017-11-11 15:35:42 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/205895351 xianwenzxc https://padlet.com/hackzoid/xgc369y3ysk8/wish/206175174 http://www.thisismoney.co.uk/money/news/article-2928285/Economy-tables-GDP-rates-inflation-history-unemployment.html

https://ig.ft.com/sites/numbers/economies/uk

https://www.gov.uk/government/statistics?keywords=&topics%5B%5D=uk-economy&departments%5B%5D=all&from_date=&to_date=

]]> 2017-11-13 11:34:05 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206175174 wiltvenjake https://padlet.com/hackzoid/xgc369y3ysk8/wish/206323831 https://www.theguardian.com/business/2017/nov/13/uk-wages-squeeze-continue-until-2022-resolution-foundation-warns
In this article, it says that In 5 years time, there will be more than 20 pounds decrease in pay. The downgrade in productivity rate would lead to a negative impact in wage growth.
As the producers' income is related to the consumer's income, when producers earn lesser due to decrease in productivity rate, they tend to lower wages of workers so as to cover the loss that occurred. As there is a decrease in productivity rate, there will be a drop in Real GDP as well as lesser goods will be produced. This is because of the drop in wages, leading to a lower income for the workers. This will then lead to a decrease in disposable income which means that people will have lesser to spend which will lead to a decrease in demand. When demand is low, producers will not supply as much because the goods are not selling well and hence this will lead to a drop in Real GDP.
What the UK should do to halt the declining GDP is to keep government spending high as its one of the factor in the equation for GDP, raising it would be beneficial in stopping the fall of GDP.

[Use as reference]
http://www.telegraph.co.uk/business/2017/02/02/bank-england-hikes-uk-economic-growth-forecasts-warns-rising/
[Use as reference]
http://www.independent.co.uk/news/business/news/uk-economic-growth-eurozone-q3-2017-third-quarter-gdp-france-eu-brexit-a8028891.html

]]> 2017-11-13 16:18:48 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206323831 wiltvenjake https://padlet.com/hackzoid/xgc369y3ysk8/wish/206325921 https://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom]]> 2017-11-13 16:21:58 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206325921 wiltvenjake https://padlet.com/hackzoid/xgc369y3ysk8/wish/206326851 https://www.pwc.co.uk/services/economics-policy/insights/uk-economic-outlook.html]]> 2017-11-13 16:23:16 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206326851 wiltvenjake https://padlet.com/hackzoid/xgc369y3ysk8/wish/206327778 http://www.independent.co.uk/news/business/news/brexit-latest-news-uk-workers-foriegn-labour-eu-nationals-survey-immigration-cuts-tory-ukip-a7944191.html
This article talks about structural unemployment . (Quote that can be used :"While almost half of firms faced skill or labour shortages in the past 12 months")

Structural unemployment is a concern to UK as statistics say that there has been a sustained fall in UK unemployment (currently 5.7% of the labour force). More than 30% of those unemployed have been out of work for at least a year. and youth unemployment remains high. As the current workforce may not be as updated about the technology advances now, some jobs that require the use of technology will be harder to complete for the current workforce whose ages will be higher. In addition, restricting foreigners' entrance into their labour market hurts the GDP more as there might be some jobs that might not have enough workers, potentially under-employing and lead to the sector being less productive than it should be and ultimately, lowering the GDP overall. Also, foreigners might also have skills that the locals there do not possess and can add value skillwise which would raise the overall productivity, which would in kind raise the GDP. But due to the restrictions, UK would lose out on this potential GDP




[Not news article, use as reference]
https://tradingeconomics.com/united-kingdom/unemployment-rate
This article shows the decline in unemployment rate to 4.3% (data on economically active is provided)
Labour Force Participation Rate:
74.10%-78.80%

[Use as reference]
http://www.bbc.com/news/business-41252976
Unemployment rate falls to 4.3% (similar  to the first article)



http://www.telegraph.co.uk/business/2016/10/28/tackling-youth-unemployment--is-key-to-improving-our-economy/
one of the govt measures to tackle unemployment]]> 2017-11-13 16:24:32 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206327778 wiltvenjake https://padlet.com/hackzoid/xgc369y3ysk8/wish/206330658 [Use as reference]
http://www.independent.co.uk/news/business/news/uk-gdp-growth-latest-weak-period-economy-subdued-brexit-pmi-third-quarter-a7982041.html

[Use as reference]
https://www.cnbc.com/2017/10/25/uk-gdp-comes-in-at-0-point-4-percent-for-third-quarter-beating-estimates.html
GDP growth

[This is 7 months old, use as reference]
https://www.theguardian.com/business/2017/apr/28/uk-gdp-growth-inflation-economy-brexit-vote ]]> 2017-11-13 16:28:48 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206330658 wiltvenjake https://padlet.com/hackzoid/xgc369y3ysk8/wish/206332152 https://www.theguardian.com/business/2017/oct/17/uk-inflation-at-five-year-high-of-3-to-boost-state-pension

In this article, the interest rate of the banks had to rise because inflation is at its highest since Year 2012.
Due to this rise in interest rate, many are predicting that the banks to increase its borrowing cost.
There is an estimate by the governor of Bank of England  that 3 years is needed for the economy to recover from this stage of inflation.
Points
-cost-push inflation ("oil and fuel costs continued to rise”)
-this article makes use of Headline Inflation ( included transportation costs in its calculation)
-effects of the inflation
(the winners and losers)
-fixed income earners
-non unionized employees/employees in weak trade unions
-owners of financial assets
-savers and lenders
[reference]
https://www.theguardian.com/business/2017/oct/24/can-interest-rate-rise-halt-uk-inflation-experts-debate-data-brexit-watch
[reference]
https://tradingeconomics.com/united-kingdom/inflation-cpi]]> 2017-11-13 16:30:56 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206332152 wiltvenjake https://padlet.com/hackzoid/xgc369y3ysk8/wish/206335302 https://europeansnapshot.com/united_kingdom/]]> 2017-11-13 16:36:09 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/206335302 I_M_WANG https://padlet.com/hackzoid/xgc369y3ysk8/wish/209863960 It's with tears and regrets that I'm saying this. :P Your team gave me too many articles to read. You are supposed to choose 3 key articles and analyse the context. I've selected 3 for you, labelled [1], [2] and [3]. The rest are all good for reference for your report. Don't discard it.

Article 1 [Inflation]
This is quite a good article. Could team have a read and extract relevant parts regarding inflation and analyse it, state a few in point form here?

Article 2 and 3
Prelim analysis is a tad too brief. Please explore addressing some of these questions below in your padlet and the most of them in your report:
Article 2
Not so much of inflation here but more about GDP and real wage.
1. Why is there a drop in productivity? Research further for report.
2. Using the output approach, explain why a drop in productivity lowers GDP.
3. Is the government doing anything about the declining productivity? Research further for report.
4. Last para, "delay cuts in corporate tax". Why the delay? How does this help the economy?
5. What is the impact of falling real wage on real GDP?
6. Besides local market, is UK dependent on international trade? How is it doing? Explore further in your report.
Article 3
This article does highlight concerns about structural unemployment and tight labor force. Some questions for thoughts: 
1. Why is structural unemployment a concern to UK? Research further. 
2. Is UK at or near full employment rate? Research further. 
3. What is the impact on GDP when UK restricts employment of foreigners  when the labour market is already tight? 

Overall Comments:
Once you are done updating padlet, please proceed to print out the hard copy and drop it in my pigeon hole, at BA office level 9, by 1 Dec. Keep my comments in your print out. 
Do kick start your report concurrently with the feedback above. ]]> 2017-11-24 09:25:24 UTC https://padlet.com/hackzoid/xgc369y3ysk8/wish/209863960