A singular failure: If monetary union is to survive, it is likely to be followed by political union. But would Britain buy into a federal Europe?

Article Abstract:

History has shown that monetary unions are followed by political union, or they collapse. Loss of control over monetary policy in the case of EMU, would rapidly be followed by loss of autonomy over taxation and spending. If this is not the case, national states will continue to act in their own interests at the expense of EMU. If exchange rates between European member countries cannot by adjusted, there would be no automatic way of compensating those regions with weak economies. A solution would be a single federal European government, with a central treasury, that could redistribute resources to needy regions.

Exchange Rates, Analysis, Monetary unions

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Jobs and where to find them: job creation will have to come from the private sector if the UK is to improve its unemployment record

Article Abstract:

The unemployment rate int he UK is about 8.3% compared to an average rate of 11% in most of Europe, but less than 6% in the US. The scale and nature of job creation is radically different between Europe and the US. the US created 31 milion jobs in the private sector and 5 million in the public sector between 1974 and 1994, compared to five million new jobs created by the EU, all in the public sector. Europe needs greater flexibility in labour markets and lwer levels of taxation to general employment creation.

Forecasts and trends, Job creation

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Houses: breaking or entering?

Article Abstract:

The UK's housing market continues to be depressed, despite successive forecasts that it is about to experience an upturn. In the past, the market has been driven by high inflation and healthy job opportunities, but the current low interest rates and the vulnerability of the employment market have depressed the housing market. However, some factors which may herald improving prospects in the short-term include a rise in real incomes and affordable house prices, plus the possibility of government intervention.

Residential Buildings, Residential Building Construction, Economic aspects, Residential construction, Housing, House buying, Home buying

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