London Heathrow is the busiest airport in Europe and the sixth busiest in the world by passenger traffic. The number of passengers using Heathrow grew 2.2 per cent in 2015 – slower than at many other European hubs
It’s a startling stat: golf courses occupy more English land than housing does. The claim was first made by housing consultant Colin Wiles in 2013 and publicised by Britain’s biggest housing charity Shelter.
English golf courses occupy 270,000 hectares, he calculated – 2% of the total land area. By contrast 1.1% of England’s landmass is occupied by homes, according to official figures dug out by Shelter. It is a shocking contrast.
In the three years since Mr Wiles first published his estimate, his stat has taken on a life of its own, picking up news coverage (and wildly varying headlines) from outlets including Huffington Post and City AM. It popped up again last week in discussions about a hard-hitting new documentary on homelessness, “No Place To Call Home”.
The golf courses stat has become one of those bits of pub-quiz trivia with which to wow people at parties. But is it actually true?
Since 2005 the number of displaced migrants in the Middle East has grown fourfold, from about 5m to 23m. Much of this rise was the result of recent conflict in Syria, Iraq and Yemen.
10 percent of jobs held by under-30s in OECD were lost from 2007 and 2015. The number of employed youth halved in Spain, Greece and Ireland.
Some countries, like Luxembourg and Chile actually saw an increase in the youth employment rate. This is mainly attributable to more young women taking up work. Read more
Israel and the US have the highest poverty rates among OECD countries, according to this year’s Society at a Glance.
In both cases the problem appears to center around the lack of government intervention. Read more
Uber and other ride-hailing services have fueled a surge in the number of self-employed drivers in the US. Read more
More than 496m air passengers departed from, or arrived at, Europe’s 10 busiest airports in 2015, a 19 per cent increase from 2006. London’s Heathrow airport recorded an increase of 11.3 per cent, compared with Gatwick’s 18.1 per cent.
Ethiopia’s economy has been expanding at an average annual rate of 10 per cent in the 12 years to 2016 and growth is expected to remain strong in the years ahead, supported by higher agricultural production, and large public sector and foreign direct investments. Read more
The productivity gap between top performing regions and others has widened by almost 60 per cent in two decades, according to a new OECD report released this week.
The difference in labour productivity between the top 10 per cent most productive OECD regions and the bottom 75 per cent grew from $15,200 to $24,000, in average GDP per worker, between 1995 and 2013. Read more
The OECD has found that although inequality across different OECD countries has narrowed in the last 20 years, within their own borders countries are witnessing increasing inequality. Mexico has the widest the gap between the richest and the poorest regions in terms of per capita GDP.
Soaring demand for designer clothing, leather goods and high-end jewellery is expected to drive sales of luxury items in India and Indonesia up more than half over the next four years. The luxury trade is predicted to rally in China and Russia, and grow steadily in Mexico and Brazil.
According to recent estimates from the Committee for a Responsible Federal Budget, a bipartisan budget watchdog group, Hillary Clinton’s economic plans would increase the US’s national debt by $200 billion over a decade above current law levels, while Donald Trump’s plans would increase the debt by $5.3 trillion.
A recent poll showed only 6.8 per cent of the public has a favourable opinion of Farc, the Colombian rebels who had vowed to disarm and integrate in political and civilian life if the peace deal passed in a landmark referendum. Colombia’s Catholic Church refrained from endorsing the deal.
Close to 72 per cent of primary and secondary school teaching roles in the European Union were held by women in 2014, according to new Eurostat data released ahead of National Teachers’ Day.
Small and midsized UK businesses remain concerned about the economy, according to the Future of Business Survey, a new measure of business sentiment from Facebook, the World Bank and the Organization for Economic Cooperation and Development.
The trio surveyed 90,000 small and medium-sized companies across 22 countries using the world’s largest social network. Read more
Pew’s latest survey of the American electorate has found that a major factor in candidate support is disliking the opponent. For Trump supporters, opposition to Clinton is among the most frequently cited factors, followed by his status as a political outsider and his policies.
On Wednesday, Greek prime minister Alexis Tsipras told Reuters that the country could beat expectations and report an expansion in 2016.
The consensus among economists is that the Greek economy will expand in 2017, and in their latest Economic Outlook the OECD also stated that “growth is projected to turn positive in the second half of 2016”. Positive trends are already visible, yet it might be too soon to call this the beginning of a recovery. Read more
International migration is growing once again, having tailed off after the financial crisis, an OECD report released this week has found.
4.8 million people migrated permanently to OECD countries in 2015, a 10 per cent increase on 2014 and surpassing the previous record set in 2007. Read more
How is a country’s wealth affected by removing its capital city? The Cologne Institute for Economic Research set to find out.
Factoring out London and its residents, the 2014 per capita GDP fell by 11 percent. Nearly one out of every four pounds of the British GDP is earned in its capital city. Read more
In the mid-1990s the US, Japan and the countries that now form the eurozone accounted for similar shares of global investment, just above 20 per cent. Since then China’s share has risen; it became the biggest investor in 2010.