People greatly overestimate the immigrant share of the population and many wrongly believe that openness to migration harms Britons’ job prospects, burdens public finances and services and makes housing prohibitively expensive.
It is increasingly evident that public pensions are going to be hard to sustain in the future: the ratio of workers to pensioners is close to a historical low. The crisis has taken nearly two million contributors out of the system, and adds to another variable that proves a greater challenge and is even more difficult to reverse: demographics.
This is the first study to estimate the annual savings that overweight and obese people bring UK taxpayers by dying prematurely (in 2016 prices). Ignoring these savings leads to substantial overestimation of the true burden of elevated body mass index (BMI) to the taxpayer.
On December 12th, Member States’ Representatives voted to formally adopt the latest European Commission proposal to end roaming charges in the EU by June 15th, 2017.
The arguments on which the various competition cases against Google are being fought involve core features of economic interaction in multi-sided digital markets. As such, the final outcome will have a long-standing impact on platform innovation in the EU.
The Transatlantic Trade and Investment Partnership (TTIP) is currently in a negotiatory limbo. Even though the European Commission has estimated such an agreement would increase the size of the EU economy by at least €120 billion (or 0.5% of EU GDP) and the U.S economy by €95 billion (roughly 0.4% of U.S GDP), the deal looks more uncertain than ever before.
November 30 marks Credit Day across the European Union. Credit Day is the day when member states’ central administrations exhaust their annual tax revenues and have to begin borrowing in order to meet their spending commitments for the rest of the year.
An important part of the digital platform revolution is the sharing economy, which is based on reductions in transaction costs which enable exchanges that were previously not possible. Sharing economy firms facilitate a more efficient use of assets, to the benefit of both asset owners and prospective users.
According the European Commission, a Geographical Indication (GI) is “a distinctive sign used to identify a product as originating in the territory of a particular country, region or locality where its quality, reputation or other characteristic is linked to its geographical origin.” Under the system of GIs, the European Union has protected over 3,300 food and wine names with, as of 2010, an estimated value of €54.3 billion.