In the wake of escalating government borrowing costs, Chancellor Rachel Reeves has pledged to accelerate efforts to stimulate the UK’s economic growth. On 14 January 2025, Reeves addressed Parliament. He noted high government bond yields and pressure on public finances. The Chancellor’s remarks come amid criticism from Conservative Shadow Chancellor[Read More…]

In the final quarter of 2024, Portugal’s economy exhibited a notable upswing, defying earlier forecasts of stagnation. Key economic indicators, including retail sales, card spending, and car sales, surged by 11.9% year-on-year during this period, signalling a robust recovery in consumer confidence and spending. The Bank of Portugal’s composite indicators,[Read More…]

In the early hours of January 2, 2025, Richard A. Easterlin, the “Father of Happiness Economics,” died at 98. Easterlin’s research on economic growth and happiness is groundbreaking. It has changed how economists, policymakers, and the public view the link between wealth and well-being. A Revolutionary Theory Easterlin’s work fundamentally[Read More…]