Financial markets and the fight against climate change

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On Friday, millions of people around the world joined climate change protests. Earlier in the week, Bill Gates, the Microsoft co-founder and philanthropist, warned climate change campaigners that divesting, or refusing to hold, fossil fuel stocks, such as oil companies, was a waste of time. “Divestment, to date, probably has reduced about zero tonnes of emissions. It’s not like you’ve capital-starved [the] people making steel and gasoline.”

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Posted on 23/09/2019

The quiet jobs revolution

Jobs

Jobs markets are barometers of social change. In the last 30 years much of the growth in employment in the West has been driven by women and foreign-born workers. Employment rates for men have declined. In the US in the early 1950s around 90% of men of working age were in work or searching for a job; today, with America’s unemployment rate close to record lows, just over 70% of men are working. Explanations range from the loss of traditionally ‘male’ jobs to diminishing returns to unskilled labour, the competing appeal of computer gaming and the role of women, parents and the government in supporting male incomes.

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Posted on 16/09/2019

What happened over the summer

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The weather may have been good but the global economy has had a lacklustre summer. Activity has been disappointing and forecasts for GDP growth next year are drifting down.

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Posted on 09/09/2019

The decline and rise of London

London-city

London is a major force in the UK economy, accounting for between a quarter and a third of UK output, depending on how the boundaries are drawn. And London is, by a multiple of over seven, the UK’s most populous city.

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Posted on 27/08/2019

Global warnings

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The global economy has been slowing for some time. The question is whether we are heading for a soft landing or something worse.

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Posted on 19/08/2019

Holiday Quiz

Holiday Quiz

Our summer quiz offers a test of your knowledge of holiday-related trivia through an economics lens. The answers along with a brief explanation are at the end of this note.

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Posted on 12/08/2019

Where is the cheapest housing?

Houses

House prices in the developed and developing world have risen rapidly since the financial crisis.

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Posted on 05/08/2019

Summer reading list

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A personal view from Ian Stewart, Deloitte's Chief Economist in the UK. To subscribe and/or view previous editions just google 'Deloitte Monday Briefing'.

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Posted on 29/07/2019

Britain’s minimum wage at 20

Wages

The introduction, just over 20 years ago, of the UK’s National Minimum Wage (NMW) counts as one of the most significant policy innovations of the period. As it enters its 21st year we assess whether Britain’s NMW has achieved its aims and examine its prospects.

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Posted on 22/07/2019

Assessing the outlook for global growth

Global-economy

Economists went into 2019 forecasting a slowdown in global growth. That slowdown has come faster than expected. Alarmed by the speed of the downturn, the US Federal Reserve and European Central Bank have switched from tightening monetary policy to easing.

The combination of slower growth and easier policy has elicited very different responses from business and financial markets.

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Posted on 15/07/2019