Professor Kenneth Rogoff says that the UK vote to leave the EU was a “Russian roulette for republics”, with an ‘absurdly low bar for exit, requiring only a simple majority’, with no supermajority, second referendum or parliamentary confirmation vote required.
Many voters did not have had a clear idea of what they were voting for or of its consequences, and many now seem to regret it. But the results did confirm the existence of a diffuse anger among the UK population. Read more
The chain of events that led to Brexit will be examined in great detail — and much anguish on the Remain side — for years to come. Rapid changes in the UK’s political climate undoubtedly played a part, and global events including the Great Recession and recent European migrant crisis have left their mark.
But for now we can focus on what we know in the immediate aftermath of the vote: the distinguishing characteristics of the areas of Britain that voted for either side. Read more
Polling has dominated coverage of the UK’s EU referendum for the last month, with the focus shifting between the polls’ reliability following their 2015 misfire, the methodological challenges pollsters face, and the Remain vs Leave race itself. Read more
The way our model calculates the average from the remaining five polls in its basket after outliers are removed is completely unchanged, but the polls in that basket should be more representative of where the ‘true’ opinion of the electorate lies.
After this change, our poll-of-polls has Leave on 45, two points ahead of Remain. Read more
The European Football Championships are upon us, and with them an eclectic mix of prediction models from media organisations, financial institutions and independent statisticians. To assuage our FOMO (fear of missing out, for the non-Millennials), the FT has joined in with one of our own.
Spain are favourites to lift the trophy, narrowly ahead of Germany and hosts France, based on our method which uses Champions League appearances and players’ market values to determine each team’s strength. This trio of teams comes in well ahead of the other 21 countries taking part.
Read on for details of the model and how it compares to the betting markets. Read more
Two weeks out from from Britain’s historic EU referendum, opinion polls are dominating the debate. The question is: are they adding or removing clarity about the eventual outcome?
Today we published an overview of some of the challenges facing pollsters as they look to demonstrate that the 2015 general election mis-fire was a one-off. What follows here is a look at how some of these issues are affecting our own poll-of-polls — and how we might deal with them — as well as an exploration of some of the alternatives to pure polling when it comes to forecasting the result on June 23. Read more
London’s population overtook New York’s in 2014 and last year surpassed its pre-World War II peak for the first time ever. Yet there are increasingly news stories about how the UK’s capital is becoming a place where people work but don’t live, or how sharply rising house prices are forcing out the poor, the young or those with families.
What is actually happening? How to square the anecdotal evidence with the fact that London adds as many people as the entire city of Bath (>100,000) to its population every single year?
Earlier this month Londoners voted in Sadiq Khan as mayor. The Labour candidate won 59 per cent of the vote and in so doing became the first Muslim mayor of a major European capital. But beyond the top-line figures, what do we know about how the election was won, and who voted for whom?
To answer these questions, we downloaded 140 datasets from the 2011 census, describing the demographic and socioeconomic composition of each of London’s 570 electoral wards: the same units over which the mayoral election vote was tallied. Read more
Leicester were bottom of the Premier League on April 10 2015, but a year later had climbed to the top, winning 91 points along the way. No team beginning at the foot of the top flight has ever won that many points* over the subsequent year since English league football began Read more
This week the European Commission let Italy off the hook, granting the country extra flexibility – to the tune of 14 billion euros – in its debt reduction targets for 2016.
The extra “flexibility” includes allowances for investments (0.25 per cent of GDP), for the refugees crisis (0.04 per cent of GDP) and for extra security measures (0.06 per cent of GDP). In return the Commission wants a ‘clear and credible commitment’ from Italy that the country will respect its budget targets in 2017. Read more
Last year things were looking up in Italy. Employment, a sore subject after the international crisis, was growing and the unemployment rate began to fall in 2015 .
But in the last few months this progress flattened. What’s happened? Read more
As the world faces a slowdown in economic growth, we look at what is happening in France and it’s not looking good.
France is one of the worst performing economies in Europe Read more
The 2015-16 El Niño episode has been either the most or one of the most intense on record, depending on which measure you use.
Going on sea surface temperatures alone, the latest El Niño narrowly edges out 1997-98, the previous strongest. Temperatures in the Niño 3.4 region of the Pacific Ocean — the most commonly used of the regions scientists measure for signs of an developing El Niño or La Niña conditions — peaked at 2.37°C above the long term trend in November 2015, just ahead of the 2.33°C mark reached in 1997. Read more
Some 77 per cent of the population in Northern Ireland reports high or very high happiness levels, 4 percentage points higher than the national average. A smaller proportion is happy in London and the north of England
Commodities prices are generally falling but lithium spot price tripled in the past year, driven by demand for batteries used in electric cars and devices. Read more
PSG are so far ahead of their domestic rivals that manager Laurent Blanc has been able to field weakened sides ahead of big Champions League matches at a rate unmatched by any other quarter-finalist, ensuring that his strongest side has been as well-rested as possible. Read more
Hosts India squeezed into the semi-finals of the ongoing ICC Twenty20 World Cup largely thanks to a sensational innings from their star batsman Virat Kohli, who hit 82 off 51 balls, without losing his wicket, to take India past Australia and eliminate their opponents in the process.
In doing so he scored more than half of all India’s runs for the match — having almost managed the same two games earlier, scoring 46 per cent of the team’s total in another crucial win, this time against Pakistan. Read more