Category: UK
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What are ‘left-behind’ areas?
What defines a ‘left-behind’ area, and how did they end up like that in the first place? Inequality is a concept that plagues every country, whether it be a developed or a third-world nation, and it is no different for the United Kingdom. London exemplifies this, containing 13.4% of the UK population, yet generating 22%…
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The Royal Family
The Royal Family of Britain has extended over a millennium, but their influence has seemingly declined as time passed, which begs the question – how important are they to current British society? The United Kingdom has properties usually associated with traditional economies such as preserving the power of the royalty, with the Queen of England…
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Brexit: Conclusion
Brexit has been a controversial decision, and throughout the previous few articles, we have explored its different impacts. Now, it is time to bring these together to decide whether it was a good decision or a devastating mistake Throughout this series of articles, we’ve discussed the many negatives and few positives of the decision, especially…
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Brexit: Finance Pt. 2
In the previous article, we discussed how large financial corporations might have left in the aftermath of a Brexit decision – here, we’ll go into what this would have led to next. The departure of the UK’s largest financial firms, which power one of its key sectors, would cause a multitude of problems, the most…
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Brexit: Finance Pt. 1
The financial sector is crucial to the UK and its largest and only megacity London – therefore, when Brexit threatened this, chaos broke out as people struggled to find a solution while the problems kept building Another possible outcome of Brexit is the departure of various businesses involved with finance or international trade based in…
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Brexit: Trade Pt.2
In the first part, we discussed what problems Brexit could cause for trade – now, we’ll shine a light on a possible advantage to the situation, and what it means for the UK. Another positive outcome is that the UK can forge better alliances with other countries through the new trade links formed. By strengthening…
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Brexit: Trade Pt.1
The UK, being a small island, has relied on trade for centuries – however, in 2016 it began breaking ties with its biggest trading partner, and future prospects were left unclear. Would the UK find new sources for goods or simply face crippling shortages for years to come? One such possible outcome of the decision…
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Impact of Brexit: Introduction
The decision to leave the EU was and still is one of the most controversial topics in British history, and so over the coming articles, I will explore the different consequences, future prospects and potential benefits (if any). Here, I provide a brief introduction to the matter and the initial shock to the UK economy…
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UK Industry
Exploring the sizes of different industries in the UK, as well as how and why they have changed over time The United Kingdom is a massive exporter of services due to its highly educated workforce and heavy specialisation because when it switched from secondary industry to tertiary or secondary-based industry, London was used as a…
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UK Economy
Exploring aspects of different types of economies the UK has used in its own market structure One aspect of the free market economy in the UK is allowing competition in various markets, such as the booming financial market located in London, which turned it into a global financial centre. Major banks have their headquarters in…
Economics 101 