Elena is a 26 year old Italian woman with a degree in child psychology who has been working in London as a nursery teacher for nearly a year. She moved to the UK after months spent looking in vain for a job in Tuscany, a region where the unemployment rate, at 7.9%, is well below the Italian average of 11.3%.
But Elena is not counted among more than 16,000 Italians that moved to the UK, according to official statistics updated for the FT by the Italian Ministry of Interior. These numbers are based on the registry of Italians living abroad (AIRE). Elena has a vague knowledge of this register but decided not to sign up for fear of losing important rights and services (including healthcare) in her home country. Read more
By Paul Hodges
Two remarkable global demographic developments have occurred since 1950. Yet only recently have their impact on companies and the economy begun to be properly understood.
Life expectancy has risen by 50 per cent since 1950 (red column) to average around 70 years today, due to advances in disease prevention and knowledge about healthier lifestyles.
Total fertility rates have halved over the same period (green shading). The average woman now has only 2.5 children, as increased life expectancy means large families are no longer so essential for economic survival. Read more
The new radio series from Sir Andrew Dilnot, chair of the UK Statistics Authority, is an entertaining, accessible look at Britain’s social history – and one that readers of this blog will probably find rather interesting.
(c) Financial Times/Shaun Curry
Sir Andrew opens the first episode declaring “It is about us, not governments”, and that is the theme running through the series. With a mixture of single statistics, and interviews he tries to build a picture of changes in the life of ordinary British people, rather than looking at policy.
With each episode clocking it at around 15 minutes, and the timeframe running from medieval times to the current day, the programme aims for historical sweep, rather than contemporary analysis. Read more
After five years of historically low interest rates across the US, UK and eurozone, Wednesday’s vastly improved job forecast from the Bank of England raised the prospect of a return to more normal monetary policy.
A report out today from McKinsey attempts to quantify the impact of years of ultra lose monetary policy has been on the winners – and losers. Whilst there are few surprises in the report, it does attempt to put numbers on the winners and losers.
Unsurprisingly, it is governments that come out on top. The consultancy estimates that between 2007 and 2012 the US, UK and eurozone governments collectively benefited to the tune of $1.6tr from lower borrowing costs and the increased profits from central banks.
For consumers though it is a mixed bag. Read more
Beneath Wednesday’s headline estimation the UK’s population will rise by just under 10 million over the next 25 years is a trove of data set to be picked over by statisticians.
Whilst the Office for National Statistics stresses the numbers are not forecasts and do not predict the impact of future policies, the numbers form the basis for a host of policy calculations – notably in health, education, housing and pensions. Here are a few of the key underlying trends: Read more
He calls it the biggest story of our lifetime – and he’s on a mission to make sure that everybody knows it.
Hans Rosling – rockstar data wrangler, global stats icon, Swedish health professor – will use a one-hour BBC TV programme on Thursday to try to convince us we don’t know what we think we know about the world.
This vital truth: the global population boom is fizzling out. “This is a fact that media have missed. It has failed to communicate,” Rosling told the FT.
The rate of growth of the world’s population accelerated sharply over the past half a century, leading to much rhetoric about over-population and exhaustion of the planet’s resources.
But, as Rosling will argue in tomorrow night’s programme, the world’s population is set to plateau by the end of the century. All that Malthusian rhetoric about the population timebomb? Redundant. Read more