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News from The Open University

What does Brexit mean for UK housing?

What does Brexit mean for UK housing?

Britain’s housing market is in a sorry state. With house prices forecast to fall, house building grinding to a halt and buyers pulling out of purchases amid job security fears, post-Brexit uncertainty has been worsened by the contrasting “visions” that won the vote. These opposing visions are now evenly represented in Theresa May’s cabinet. The […]

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Why New York-style rent controls would not work in London

Why New York-style rent controls would not work in London

Unaffordable rents have put New York City’s fabled diversity and creativity at risk. They have forced artists, small businesses and lower-income households out of the central areas, leaving them a monocultural wasteland of bankers and businessmen. Those who stay are crammed into ever more cramped and unsanitary accommodation, while those who now commute from distant […]

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Woman opening her arms up in happiness on top of a mountain. Image credit: Thinkstock

How happiness is challenging GDP as the measure of a country’s health

Denmark reclaimed its place as the happiest country in the world, according to the latest annual World Happiness Report. Switzerland, Iceland, Norway and Finland followed in quick succession at the top, while Benin, Afghanistan, Togo, Syria and Burundi languished at the bottom. The nations that top the usual measure of a country’s health – its […]

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Close up of female accountant or banker making calculations. Image credit: Thinkstock

OU academics review 2016 budget statement

George Osborne today delivered his eighth budget as Chancellor. We spoke to two Open University academics with different areas of expertise to get their take on the headlines… Lecturer in finance Jonquil Lowe on how the budget might impact personal finances… Lecturer in economics Alan Shipman gives an overall summary of today’s budget statement… https://youtu.be/HTRuvF9YWxw

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Boris Johnson

Boris delivers Brexit body blow for sterling, but long term picture is murkier

Most prospective prime ministers would be mildly embarrassed if a boost to their chances made financial markets plunge. But Boris Johnson is doubtless gratified that his backing for Brexit led to the pound’s biggest one-day fall since the aftermath of the financial crisis. Sterling had barely flinched when cabinet ministers including Michael Gove and Iain […]

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credit score

How to bump up your credit score

Debt is cheap right now, but only if you can get someone to offer you a deal. The low interest rate environment has pushed rates on mortgages and loans to record lows, but at the same time, banks have tightened up their lending policies. Whether you get credit – and the interest rate you’ll pay […]

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The UK housing market: a balancing act

The UK housing market: a balancing act

Lecturer in Economics, Alan Shipman, explains the balancing act of the UK’s housing crisis and the dilemma of providing enough new homes for a growing population, whilst not pricing out the most needy.     The proportion of British households that own their own home has fallen in the past 10 years, from a peak of 71% […]

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Money and financial graph. Image credit: Thinkstock

What you need to know ahead of the Spending Review

The third major economic statement of the year will be surprisingly tough for a government now boasting a growing economy and a Commons majority. Chancellor of the exchequer George Osborne will deliver the details of the Autumn Statement and Spending Review on Wednesday November 25 2015. A five-year view of the government’s spending plans, it […]

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