Statistics

Wage growth has risen by more than inflation for the first time since 2010 and employment has grown by the largest amount for 24 years, according to figures released by the ONS today.

Given this context its worth taking a look at the performance of Britain’s labour market since the 2008 financial crisis.

1. Despite lacklustre GDP growth employment has been steadily increasing since 2010. Read more

By Paul Hodges

The toy industry is going through difficult times as Lex highlighted recently. Profits at Toys R Us have halved since 2009, whilst Mattel is suffering due to poor sales of Barbie dolls. A dismal Christmas at the UK’s Mothercare led the departure of its chief executive. Read more

by Nassos Stylianou and John Burn-Murdoch

Between May 22 and 25, some 400 million people will be eligible to vote in the European Parliament elections. But how many of them will actually turn up at the ballot box?

Following 2009 treaty changes, the European Parliament will for the first time have a more direct role in electing the president of the European Commission , the EU’s executive arm, giving May’s election added significance.

Despite the increasing influence of the European Parliament, the percentage of those voting to elect its members has fallen in every election, from 62 per cent in 1979’s inaugural direct elections through to 43 per cent in 2009.

At the last European elections five years ago, less than half of those eligible voted in 18 of the 27 member states. In six countries, the turnout was below 30 per cent. In one country, Slovakia, less than one in five of those eligible voted.

Turnout in Germany, France and Italy – founding members of the common market – has eroded by more than 20 percentage points since then. In the UK, turnout was already low at 32.3 per cent in 1979 and levels have remained consistently below 40 per cent ever since.

However, several of the newer member states such as Estonia, Latvia and Bulgaria recorded a surge in turnout in 2009.

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The New York Times asked yesterday whether Americans with a car in the driveway, a flat-screen television and a computer with an Internet connection can be described as “poor”.

In the United States, material goods – televisions, computers and cars – are at their most affordable in ten years, all having steadily dropped in price since 2005.

However, the cost of items that have traditionally helped pull Americans out of poverty – education, childcare and healthcare – have become far more expensive. Families’ everyday expenses also remain under strain from a steady increase in the cost of food and little change in the price of housing.

What would the same analysis of the cost of living look like in the UK?

We created a UK version of the chart in the New York Times’ story, using real prices calculated from the British consumer price index. The story was pretty similar:

  Read more

Under a remote mountainside in Guinea, one of west Africa’s poorest but most mineral-rich nations, lies one of the world’s biggest undeveloped deposits of iron ore.

Developing the Simandou deposit and building the railway and port required to export the ore are expected to cost an estimated $20bn – three times Guinea’s gross domestic product. Read more

Elections for the European Parliament will take place between May 22 and May 25, against a backdrop of a slow economic recovery and fears of a rise in populist parties such as Britain’s anti-EU UK Independence party led by Nigel Farage and France’s far-right National Front, led by Marine Le Pen.

This interactive graphic shows the results of the previous election in 2009. Read more