Unpaid childcare plays a crucial role in the GDP

Article Abstract:

The value of all unpaid childcare in the UK in 1999 was 225 billion pounds sterling, between 19% and 25% of the economy's Gross Domestic Product, according to the Office for National Statistics. Efforts to measure the unpaid, non-market production taking place in the economy may change views about what is genuinely valuable in the economy.

Economic Planning & Research, Child care, Economic conditions

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Euro will shake up the Continent more than the UK. Myth or fact?

Article Abstract:

It is possible to argue that German and French companies will have to make more extensive adjustments to the European single currency than their UK counterparts. Any adjustment that does take place could give an important one-off boost to stock markets in continental Europe as efforts are made to catch up with corporate success in the UK. This argument goes against the view that the UK will have to adjust the most to the European single currency because it is so different from continental European economies. However, it does not mean that the UK can afford to remain outside the single currency system for long.

Intnl Economic Policy, International economic relations, European Monetary System

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The pay message is not getting through

Article Abstract:

The UK government and the Bank of England are very keen to keep earnings growth under strict control, emphasizing that higher pay settlements lead to rising inflation. However, for ordinary people the main issue is that higher mortgage rates must prompt higher pay claims. Chancellor Gordon Brown is aware that he will be unable to ensure that standards in the health and education services are high unless the growth in the gap between earnings in the public sector and those in the private sector slows down.

Wage & Price Stabilization, Analysis, Wage price policy, Wage-price policy

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