UK

The Office for National Statistics has, for the first time, included estimates of the impact of prostitution and illegal drugs in the national accounts. By the ONS’ reckoning they add about £10bn to the British economy.

Estimates of anything to do with the black economy are always going to be uncertain at best, but the statistics available are pretty interesting. Read more

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Voters will go to the polls in all 32 London boroughs, 36 metropolitan authorities and handful of other councils on May 22. This interactive map and cartogram shows the current state of parties in the local authorities holding elections, and some of the possible scenarios for the elections’ outcomes.

Before a measure of inequality can be calculated there are some questions that need to be answered: Chiefly, equality of what? Living standards? Wealth? Income? Or, perhaps, opportunity?

And what do you include? Is income measured before tax and benefits, or after? Do you include public goods in measures of living standards? How do you account for public assets and debts in wealth?

And who are the relevant people? The whole world or one country? Do you include students and children or just adults of working age?

The level of inequality measured will always depend on how these questions are answered.

The British Wealth and Assets survey, released today, provides measures of inequality in private wealth (so not including public debts and assets) between different households.

And households come in different shapes and sizes.

Individuals who are married or widowed are the most likely to live in a wealthier household. Whereas those who are separated, divorced or single are the least likely.

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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 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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