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: GNI
Are Irish incomes really twice those of the UK?
On 14 April the New Statesman published an article which was intended to show that the Irish economy is booming at the expense of ‘Brexit Britain’. This conclusion was backed by some striking graphics, which are still being gleefully shared by the usual suspects. But it was also baloney. People have been taken in here … Continue reading Are Irish incomes really twice those of the UK?
Plain-speaking Economics 