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UK cost of living crisis will cloud the 2020s outlook

Location:

UNITED KINGDOM

Higher living costs will erode consumer spending and living standards over the medium term

The UK’s trade bill will rise sharply outside the EU

Location:

UNITED KINGDOM

The likelihood of hard Brexit has risen and if WTO rules are adopted, the cost of UK goods and services trade will rise

Services trade is crucial to emerging growth prospects

Location:

INT

Services trade receives far less focus than goods trade but exports of services outpaced goods shipments from 2000-16

UK interest rate course to determine inequality level

Location:

UNITED KINGDOM

Household wealth surged after 2013, especially for older and higher-income groups, but has fallen sharply since 2021

Italy: Public opinion on war

Location:

ITALY

Italy’s election on September 25 threatens to bring about a change in the country’s approach to Ukraine

Inheritance tax is poor answer to raising revenues

Location:

INTERNATIONAL

Within the OECD, 16 countries levy no taxes on assets passed to linear heirs, while the average top rate is 14%

Russians return to Turkish beaches, Germans stay away

Location:

TURKEY

Turkey’s often spiky relations with other countries can affect its income from foreign tourism

Policy can prevent productivity pay gaps proliferating

Location:

INT

The widening US productivity pay gap, where GDP gains are paid to workers less and less, is not replicated globally

Online disinformation campaigns will proliferate

Location:

INT

As polls approach in regions such as Europe, Canada and Australia, disinformation has become a major worry.

Aircraft carriers do not make China a ‘global power’

Location:

CHINA

China’s aircraft carriers are hailed as a sign of military might and ambitions to rival US global power projection