The Phillips Curve

The Phillips Curve

The Phillips Curve, perhaps the most distinguished curve in Economics, highlights the relationship between inflation and unemployment. As unemployment decreases, inflation increases. However, is it time to say farewell? 

December 2015: the month the Federal Reserve raises interest rates?

December 2015: the month the Federal Reserve raises interest rates?

Many feel that the Federal Reserve will raise rates this December, resulting in the first rise since 2006. Indeed, Federal Reserve Chairwoman Janet Yellen stated that a rise in interest rates was a “live possibility”.

Osborne’s Budget: The National Living Wage

Osborne’s Budget: The National Living Wage

Osborne’s Emergency Budget has called for the implementation of a National Living Wage. This would increase wages from the current rate of £6.50 an hour, up to £7.20 by April 2016, and then further increasing to £9 by 2020. Those on the Minimum Wage would stand to see their salaries increase by an estimated £4 000 p.a. Furthermore, 2.5 million employees are expected to see their salaries increase by £5 000 by 2020 as a result of this National Living Wage.