This week the Prime Minister announced that UK defence spending will now be raised from 2.3% to 2.5% of national income in 2027, funded by cutting overseas aid from 0.5% to 0.3%. The politics around this switch are controversial – the minister responsible for aid has just resigned in protest – but the economics is … Continue reading Should overseas aid be cut to fund more spending on defence?
Tag: Climate change
Is the “booming net zero economy” really a key driver of growth?
On Monday the Energy and Climate Intelligence Unit published a report by CBI Economics which generated plenty of uncritical headlines about the “booming net zero economy”. In particular, the report claimed that the total economic value (GVA) generated by the sector grew by 10.1% last year, and that this supported the equivalent of 951,000 full-time … Continue reading Is the “booming net zero economy” really a key driver of growth?
How can economists help to tackle climate change?
Here are the slides from a presentation on climate change I gave to 14- to 16-year-olds on Saturday 25th September as part of an event run by Bubble Bubble, in partnership with the Royal Economic Society’s ‘Discover Economics’ campaign… how-can-economists-help-to-tackle-climate-change-sep-2021Download You can find more about 'Bubble Bubble' here... Economics for teens | Bubble Bubble | … Continue reading How can economists help to tackle climate change?
Plain-speaking Economics 