The Open University

Chancellor’s plans for growth will be slow to emerge: academic opinion

31 January 2025

The UK’s Chancellor’s plans for growth and ambitious industrial policies will only work if she can reset European trade, says Alan Shipman, Senior Lecturer in Economics at The Open University. When the Labour government returned to power last year it chose not to act rapidly against one of the biggest growth constraints, Britain’s isolation from […]

Kwarteng paid the price for the miscalculations of previous Chancellors

17 October 2022

Alan Shipman, a senior lecturer in economics at The Open University, gives his opinion on the historical reasons Mr Kwarteng “had to go”. Kwasi Kwarteng will be remembered as the Chancellor who blew the government’s economic credibility with unfunded tax cuts. But his strategy was the only one left, after a series of earlier mistakes […]

Five top tips for managing your personal finances during coronavirus

30 July 2020

Jonquil Lowe, Senior Lecturer in Economics and Personal Finance at The Open University, offers advice on how to manage your money through the coronavirus pandemic. When it comes to money, coronavirus has split the nation. Financial stress dominates for many of the 9.5 million employees on furlough, potentially facing unemployment as the scheme unwinds, and […]

Charity t-shirt scandals: Is a low wage better than no wage at all?

2 April 2019

The news that workers in Bangladesh were being paid 35p an hour to produce the Spice Girls t-shirt, emblazoned with ‘Gender Justice’ on the back, caused consternation. Dr Lorena Lombardozzi, Lecturer in Economics, blogs for LSE about the problem with the lack of accountability in value-chains. Empty celebrity promises Dr Lombardozzi says there is a […]

Eurozone is recovery resistant but it could also be recession-proof

15 January 2019

For years, the eurozone has grown more slowly than the US and its growth has been unbalanced. Germany has enjoyed strong external trade and GDP growth while Italy and France stagnate, and some smaller members submerge. This has led many to condemn the eurozone’s design as fundamentally flawed and predict that it could lose peripheral […]

Curious Kids: why don’t poorer countries just print more money?

17 December 2018

Curious Kids is a series for children of all ages, where The Conversation asks experts to answer questions from kids. All questions are welcome: find out how to enter at the bottom of this article. In this piece, Economist Alan Shipman explains why poorer countries don’t just print more money. Why don’t poorer countries just […]

A hard Brexit is looking increasingly likely – according to behavioural economics

25 June 2018

Gloomy forecasts for the post-Brexit economy, and a psychological tendency to gamble rather than accept certain losses, may boost public support for a giant leap away from the EU – despite the fact that most experts are advising a cautious small step. Parliamentary rebels have tempered their demands for a vote on the final Brexit […]

How vanishing debt costs helped the UK forget about a never-ending deficit

1 September 2017

When the UK government found £1 billion for Northern Ireland to secure Democratic Unionist parliamentary support, critics accused it of turning to the same “magic money tree” it had previously mocked others for believing in. But it may just be that the tree is flourishing in plain sight. UK national debt is currently issued at […]

Explainer: What is national insurance?

11 March 2017

A tax called national insurance has become the centre of a row within Britain’s ruling Conservative Party. The recent budget announced a rise in the tax for the self-employed (from 9% to 11% on profits above £8,060 – still less than the 12% paid by employees). But a number of Conservative MPs have strongly criticised […]

Aerial view of housing estate. Image: Thinkstock

Housing White Paper: affordability problem will not change, says OU expert

7 February 2017

Lecturer in Economics, Alan Shipman, comments on the Government’s Housing White Paper, published on Tuesday 7 February 2017: Earnings have risen too slowly “The Housing White Paper pinpoints the main problem – that average house prices have risen to eight times earnings, this ratio doubling in some areas since 1997 – then addresses the wrong […]

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