MarketLine Blog

Posts tagged to government

Airbnb: Uncertain future of short-term rental platforms

MarketLine

Airbnb’s rapid expansion and takeover of the world’s home-sharing community is subsequently changing the landscape of travel accommodation. However, it is becoming clear the formerly touted benefits of posting vacation rentals on short-term rental websites are becoming more of a hassle for property owners. Several cities around the world have expressed concerns that platforms such as Airbnb stand as unfair competitors to hotels and can turn some neighborhoods into sterile, tourist-only zones. This resulted in the introduction of stricter regulations concerning short-term rentals France is Airbnb’s second-largest market after the… Read more

New Zealand: New efforts to curb skyrocketing house prices

MarketLine

New Zealand has the world’s most frenetic property market, with prices in Auckland, New Zealand’s largest city, now outstripping London. In 2017, New Zealand house prices were the most unaffordable in the world and prices in Auckland have risen by 75% over the last four years alone. Home ownership is also low. The share of owner occupied dwellings has fallen from 74% of all private dwellings in 1991 to 63% in 2018. The last five years have also witnessed a rise in homelessness. At the same time, New Zealand has… Read more

New Zealand: Halt to offshore drilling

MarketLine

New Zealand pumped an average of just 31,000 barrels of crude oil a day in 2017, according to data from the US Energy Information Agency (EIA), a fraction of the 913,000 barrels produced daily in the North Sea. The country’s annual oil production makes up just 1.4% of the country’s economy. The industry is already in decline after a downturn in the global market from 2014 took a heavy toll on its earnings. Crude oil production declined in 2016 to the lowest level in a decade, and spending on production… Read more

UK sugar tax – Attempts to curb rising levels of obesity

MarketLine

The UK is the most obese country in Western Europe, and the sixth most obese country in the world. Around 26.9% of the British population has a body mass index of 30 and above, according to the OECD report and the cost of treating ill health caused by obesity and related issues is rising fast, threatening the NHS budget. The government, long criticized for taking no action to tackle this issue, decided to introduce a Soft Drinks Industry Levy, in the hope that the increased cost will stop people from… Read more

May’s Brexit: Twelve steps to recovery

MarketLine

Since the Brexit referendum in June 2016, the British population has been going through an uncertain period. In order to help protect the British economy and strengthen businesses following the Brexit talks, Prime Minister Theresa May has outlined a twelve point negotiation plan for the discussions with the EU. The focus of this insight is to look at the potential huge benefits to the British economy following the Brexit talks, with a look at how the talks could also be construed as detrimental and could lead to a divided Britain…. Read more

Brexit and Trump’s disastrous effect on science

MarketLine

2016 has been a rollercoaster of a year with regards to political incidences. With the UK voting in favor of leaving the EU in June 2016 and then a follow up of the US voting for President-elect Donald Trump in November of the same year, this has led to a degree of uncertainty in the scientific field. With funding at the forefront of scientific research and the advancement of scientific breakthroughs, the future has been thrown into turmoil as the individuals working in both countries, the US and the UK,… Read more

Post-Brexit effect on inflation

MarketLine

The UK voted to leave the European Union (EU) in a referendum undertaken in June 2016. The separation will be complex and will take many years to complete. However, the effects have been felt immediately. Since Brexit, the pound has dropped by 18%. After an initial tumble following the result, it fell further in October following Prime Minister Theresa May’s signal that she would use Brexit to tighten borders, even if it means losing access to the EU’s single market on the current terms. On October 18, the Office for… Read more

Fracking approval: In spite of public opinion

MarketLine

The decision to approve Third Energy’s application to begin exploratory drilling for shale gas outside of Kirby Misperton in North Yorkshire has been hailed as a landmark decision for the UK fracking industry. Many believe that it will open the door to a swathe of further approvals, while setting a precedent which could help rival firm Cuadrilla in their appeal against the decision not to allow them to frack up on the Fylde coast. However, industry chiefs would do well to keep their champagne on ice, as public opposition is… Read more

Youth unemployment in Germany: Low rates disguise true picture of growing Hartz-IV dependency

MarketLine

Compared to many neighboring European countries, of both similar and lesser levels of economic development, Germany’s youth unemployment rate is healthy. It is the lowest of any country in Europe except Iceland and is way below both the Euro Area and EU average. Whereas many European countries encourage their people to pursue academic studies at university to further themselves, Germany has long had a policy of creating and offering vocational training places for those who either do not want to attend or who are not suited to university and this… Read more

The Olympic Stadium and West Ham’s deal of the century

MarketLine

The Olympic Games was held in London in 2012 much to the joy of the majority of the British public. After an arduous bidding process, the London delegates overcame the bid from Paris and scenes of jubilation from famous sports personalities and members of the royal family were filtered around the world. The Olympics is viewed as a festival of sporting accomplishment and it requires a huge investment from the government, and in turn, the people of the nation in which the event is being hosted. Once the bid was… Read more