By Andrew Jack and John Burn-Murdoch
The good news is that we are living longer. Among OECD nations, average life expectancy exceeded 80 years in 2011. There is a strong link to income but also to the structure of national health systems. The biggest outliers are Russia, Norway and the US, with below average life in relation to GDP per capita. Read more
By Andrew Jack
The global sales of prescription medicines is starting to accelerate and will reach $1 trillion next year, according to new estimates from IMS.
The data shows slowed growth since the 2008 financial crisis, when the loss of lucrative patents on drugs pushed down prices for drug companies just as the economic slowdown imposed austerity measures by governments and squeezed incomes by individuals paying out of pocket for healthcare. 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
By Kate Allen, Callum Locke and Martin Stabe
House prices in the UK are a perennial topic of interest. But different indices measure house prices in different ways, causing confusion among home-owners, who can’t be sure whether their house price is going up or down.
This has become particularly noticeable in recent years as the indices readings have diverged.
Gentrification and commercial developments are breaking up Chinatowns in US and British cities, squeezing Chinese communities out of the vibrant neighbourhoods that grew up around earlier generations of migrants.
The changing demographics of New York City further highlight this pattern, with Asian communities having sprung up in Flushing and Queens, where they were traditionally focused in Lower Manhattan.
The animated maps above show decadal changes in the spread of localised Chinese and Asian communities in London, New York and San Francisco, created using data from the 2001 and 2011 editions of the UK census and the US censuses of 2000 and 2010. Read more