John McDonnell, the shadow chancellor, gave a speech last week lamenting that the liberalising policies adopted by the Thatcher government in the 1980s never led to widespread share ownership:
The Tories promised a “shareholding democracy” would arrive through privatisation. A “trickle-down effect” would mean that, even if the rich got very rich indeed, everyone else would be a little better off.
But the promises of freedom and “popular capitalism” turned out to be illusory.
Today, share ownership by individuals is at the close to the lowest level ever recorded. Just 12 per cent of shares are owned by individuals in the UK, down from 28 per cent in 1982, and pension funds own only 3 per cent.
It would be fair to call these figures misleading and point out that people can own shares through insurance companies or they might have a stake in other kinds of funds as well as their pension. So if between them individuals and pension funds own just 15 per cent of shares who owns the rest? Read more
The January transfer window is upon us, and with several major clubs across the continent enduring tumultuous seasons, there are likely to be some fairly high profile comings and goings.
Every season billions of pounds change hands in the two periods where deals can take place across the globe, but despite the amount of the sports media’s attention devoted to the transfer market, evidence suggests there remains a surprising amount of uncertainty over what the fees involved actually are. Read more
Employment is growing in the Eurozone. There were nearly 3 million more people in employment in the third quarter of 2015 than there were two years before. Read more
The Red Devils have hardly undergone a Chelsea-esque implosion — they sit in 5th place at the time of writing — but the Old Trafford faithful have grown increasingly restless, an undercurrent of discontent growing into a crescendo of criticism as perceived lacklustre performances have been followed by the poor results many felt they deserved.
According to an FT analysis, those perceptions are backed up by the statistics. After seven years of near-unbroken dominance in terms of their results, Sir Alex Ferguson’s departure from the post of manager was followed by a dramatic decline.
By the end of David Moyes’ solitary term in charge, Man United’s results — after adjusting for opposition quality — didn’t even put them among the fourth strongest sides in the league. The arrival of Louis van Gaal brought about a recovery: by the end of his first campaign the club was — only just — back among the four strongest sides in the league in terms of results. Read more
Last Thursday Chelsea’s owners made the decision many felt has been coming since August, and dismissed their talismanic manager José Mourinho.
Thus comes to an end his second spell at the reins of the club. The first ended in relative stagnation, but the second was truly a meteoric rise and fall.
With the aid of a statistical examination of the last 15 seasons, we can see the best and worst of Mourinho, and get a clue as to some of what went wrong this time around. Read more
Last week Garry Monk became the seventh Premier League manager to be dismissed by his club in 2015, and the 11th top flight departure overall in the same period when resignations and contract expiries are included.
Monk had been in the job for just under two years, and while you could be forgiven for thinking this is precious little time, it actually comes in at almost twice the median across all Premier League managers in 2015. Read more
George Osborne, the UK chancellor, announced in Wednesday’s Autumn Statement the “biggest housebuilding programme since the 1970s”. This included 400,000 new affordable homes in England by 2020, a 3% stamp duty increase for buy-to-let and second home buyers, and a new help-to-buy scheme just for London. The measures are aimed at tackling the “crisis in home ownership in Britain”. Read more
All ethnic minority groups in the UK are now significantly more likely to go to university than their white British counterparts. On average, amongst the cohort who sat their GCSEs in 2008, only one third of the white British population went to university in the academic year 2010-11 or 2011-12, compared to 75 per cent of ethnic Chinese pupils and 67 per cent of Indian students. Read more
A dozen games into the new Premier League season, Chelsea’s title defence has been anaemic, and few — if any — saw it coming. But with the aid of hindsight, shots data and the Elo ratings system, we can obtain a clue as to exactly when their troubles began: January 1 2015. Read more
“America’s labour market is not working” wrote Martin Wolf this week in a column analysing the poor performance of the country’s labour force participation rate. In a recent blog post we investigated possible reasons of the fall only to find that participation rates shrank among all demographic, education or civil-status groups.
The Bureau of Labor Statistics- which produces the participation numbers – does not compile data on reasons for inactivity, but the US Census Bureau could fill the knowledge gap, as it tabulates the reasons why people did or did not work in previous years. However, this data is much more difficult to access than that of the BLS and consequently less frequently used and quoted. Read more
Since he shot to teenage stardom, Wayne Rooney has formed the mainstay of every team he has been part of, both at club and international level, and has stayed relatively injury free.
He is one of a select few world-class strikers to have played more than 50,000 minutes by their 30th birthday, but is he worn out as a result, and what might he learn from former Real Madrid star Raúl, whose career trajectory is almost a perfect match for his own? Read more
Wins earlier in October against Israel and Andorra will see the team leapfrog Argentina and Germany when Fifa’s rankings are updated next month, but how highly do alternative systems rate the Red Devils? Read more
The COP21 climate change calculator allows users to track and project greenhouse gas (GHG) emissions from China, US, EU1, India, Russia, Brazil, Japan, Canada, Australia and the Rest of the World (“Others”), over the period 1870 to 2100. China, US, EU, India, Russia, Brazil, Japan, Canada are the highest GHG emitters in the world. Together with Australia, they accounted for two-thirds of global GHG emissions in 2010.
To learn more about the underlying data, methodology for computation of temperature values and key messages from the COP21 calculator please read on… Read more
Did you receive the press release? Were you offered an exclusive interview? Are you upping your journey down the engagement funnel?
Well, brace yourself – because the ranks of public relations professionals are growing. The latest figures from the Office for National Statistics suggest that there may soon be more PRs than journalists in the UK. Read more
How do standard of play and level of competition vary across Europe’s top leagues, and can this tell us which provides the best football?
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Finland’s economy has been contracting uninterruptedly since the start of 2012, excluding a brief mild expansion in the last quarter of 2013. No other Northern European country has had such a poor performance in the last three years.
Finland’s GDP in the first quarter this year was 3.4 per cent smaller than at the start of 2012. Over the same period Sweden expanded by 5.6 per cent and Norway by 4.1 per cent. Read more
Keith Fray and Valentina Romei
During the six years from 2007 to 2013 the annual output of the Greek economy fell by more than 26 per cent. On the FT’s statistics desk we wanted to know how that fall ranked compared with sustained periods of economic retrenchment and dislocation in other countries. Read more
This is a guest post by Professor Sir Nigel Shadbolt, Chairman and Co-Founder, Open Data Institute
The UK is a world leader in open data. Open data is data that is published for anyone to use for any purpose at no cost. Open data about transport, spending, health, crime, the environment, mapping and much more is now freely available from the UK government. We are also seeing companies release some of their data as open data. Open data is not usually personal data unless it is released as aggregate or anonymised data that does not identify an individual. Read more
“The good school” is the title of the reform to the Italian educational system proposed by the Prime Minister Matteo Renzi that was approved by the lower chamber of parliament on the 20th of May and that now needs to be approved by the upper chamber in the next few weeks.
In the words of the Ministry of Education Stefania Giannini the reform is aimed at improving “autonomy, transparency, responsibility, fair valuation and merits” in the educational system. The reforms involve funding for hiring thousands of temporary teachers on permanent contracts, more training, the introduction of a one year trial for new teachers and larger school autonomy among other – sometimes controversial – measures. Read more
Here’s a simple question: which of Britain’s parliamentary constituencies have seen the biggest job market recoveries since the coalition government took office in 2010?
The answer, I thought, might well generate a news story in the week of the UK general election. So I downloaded a time-series of the number of Jobseeker’s Allowance benefit claimants in each constituency. (I used JSA claimant data because, when you’re looking at small geographical areas, they’re far more accurate than survey-based measures of employment and unemployment.) Read more