In a rush? Here’s the TL;DR…
ESA income-based payout amounts are not affected if you or your partner have less than £6,000 in savings. If you have more than £16,000 in savings, you are not entitled to ESA benefits. If you have between £6,000-£16,000 in savings you receive a monthly income that is reduced by £4.35 for each £250 saved up. Savings do not affect “new style”…
How Has Airbnb Affected the UK’s Housing Market?
January 11, 2020
What Is AirBnB?
Unless you have been living under a rock you have probably heard of Airbnb. Founded in 2007, Airbnb has exploded into a multi-billion dollar business and operates in over 190 countries across the world.
After all, the idea of being able to rent a cozy…
The Fastest Growing Sectors/Industries in the UK (2021)
December 11, 2019
In the business world, things are always changing. Industries can pop up in a short amount of time and entire industries can be rendered more or less obsolete in equally short periods of time.
That is why when looking for a job, it is important to choose industries that…
Is Automation Good or Bad for the UK’s Economy?
December 11, 2019
One concept that has been at the forefront of political thought nowadays is automation. Several more left-leaning UK politicians, such as Labor leader Jeremy Corbyn, have claimed that automation is a threat to workers as it may drive huge swathes of workers to unemployment, while other more conservative-minded groups hold that automation will actually be beneficial as it will increase economic…
How a Weak Pound Could Affect Your Investments (Post-Brexit)
October 10, 2019
A weaker pound could potentially mean good things for both foreign and domestic investments. However, a weaker pound can make buying foreign and domestic goods more expensive and be bad for those who rely on a fixed source of income (e.g. pensioners).
Deal Or No…
Could a Universal Basic Income (UBI) Work In The UK?
October 9, 2019
The idea of a basic income in the UK is not exactly new. UK MPs have been discussing the possibility of a Universal Basic Income (UBI) for much of the 20th and 21st centuries.
What Is Universal Basic Income (UBI)?
The idea behind a UBI is to provide every citizen with…
How the Gig Economy Is Changing the UK Workforce
September 17, 2019
The rise of the gig economy in the past 10 years has dramatically changed the landscape of the workforce. Increased globalization and the accompanying technological changes have created a new class of workers that are distinguished as being highly mobile, flexible, and agile enough to match consumer’s ever-changing preferences.
In short, a gig economyis a labor market that is…
Representative Money: Advantages and Disadvantages
September 10, 2019
In economics, people normally distinguish between 3 different types of money:
Fiat moneyCommodity moneyRepresentative money.
Before exploring representative money in-depth, let’s first go through a few brief definitions of each to understand the distinction…
Commodity Backed Money vs Fiat Money
September 5, 2019
If you have spent any time around financial circles, odds are you have heard the two terms commodity money and fiat money.
While both are types of money, commodity money and fiat money are differentiated based on what they represent and what grounds their…