2015: The economic year reviewed

2015 has been a year of some ups and mostly downs in the economic spectrum. From China’s devaluation of their currency, the yuan, to the Federal Reserve finally hiking interest rates, this is not a year that has been short of monumental events. However, overall, it has to be proclaimed that the majority of economic headlines have been negative, with concerns about the global economy, amidst the August stock market plunge, running rampant. Continue reading “2015: The economic year reviewed”

Should we privatise the NHS?

NHS privatisation: a proposition that is sure to draw a wide variety of heated emotion. And for good reason! Whichever one of the two alternatives is eventually chosen by the UK, the ramifications that it will have on us are both deep and wide-ranging. Over the past few years, the tide has definitely swung in the favour of those espousing privatisation, with 70% of NHS contracts awarded between April 2013 and 2014 going to the private sector. It is no secret that the NHS remains the best healthcare system in the world. However, does  the prospect of privatisation jeopardise this national treasure? Does privatisation really go against the very ethos which the NHS was founded upon?

In my honest opinion – absolutely. Continue reading “Should we privatise the NHS?”

Which is superior: capitalism or socialism?

Throughout history, the economic ideologies of both capitalism and socialism have dominated the economic, and, indeed, the political sphere. Some argue that capitalist economies are inherently superior, while others propagate the idea that socialist economic collectivism is the hallmark of a successful society. Although some socialists argue that socialism is simply a theoretical ideology, and that it has never truly be implemented in practice, the debate between the two would therefore be a zero sum game. Continue reading “Which is superior: capitalism or socialism?”

Should the UK stay in the EU?

In the wake of David Cameron’s spectacular announcement regarding the 2017 EU referendum, debate regarding the UK’s European Union membership has become far more fervent and widespread. It can be said that there are reasonable arguments on both side of the proverbial coin, however when the British voter comes to cast their vote in 2017, there will only be two possible responses to the title of this article, “Yes”, or “No”. Although opinion polls seem to suggest that most are leaning towards the “No” vote, I am a contrarian in this case and suggest that membership of the European Union provides substantial benefits to the country, which far outweigh the costs. In truth, many arguments against EU membership lie solely on the migration issue, but in actuality, this is a boon for the UK and not a curse. Continue reading “Should the UK stay in the EU?”