scholarly journals Credit Constraints and the Composition of Housing Sales. Farewell to First-Time Buyers?

2019 ◽  
Vol 18 (3) ◽  
pp. 1196-1237 ◽  
Author(s):  
Felipe Carozzi
Keyword(s):  
United Kingdom ◽  
Instrumental Variable ◽  
Home Ownership ◽  
Credit Constraints ◽  
Housing Prices ◽  
Housing Tenure ◽  
Financial Resources ◽  
Overlapping Generation ◽  
The United Kingdom ◽  
First Time

Abstract During the housing bust of 2008–2009, housing prices and transaction volumes fell across the United Kingdom. Although the drop in prices was similar across housing types, transaction volumes fell more for units at the lower end of the market. I document this fact and provide panel and instrumental variable estimates showing its link with tightening credit conditions in England and Wales during 2008. I then use an overlapping-generation framework to relate the change in the composition of sales with the reduction in loan-to-value ratios by British banks and to derive additional predictions. As down-payment requirements increase, young households with scarce financial resources are priced out by older owners who retain their previous houses as rental properties when trading up. Recent changes in aggregate housing tenure, disaggregated changes in renting, and sales in areas with different age compositions, are consistent with these predictions. The results presented here show how the composition of sales changes over the housing cycle and may inform ongoing policy discussions about reduced access to home-ownership by the young.

The duties of impartiality, disclosure, and confidentiality: lessons from a London-seated arbitration

2021 ◽  
Author(s):  
Samuel Yee Ching Leung ◽  
Alex Chun Hei Chan
Keyword(s):  
United Kingdom ◽  
Important Case ◽  
Careful Examination ◽  
International Arbitration ◽  
The United Kingdom ◽  
Key Concepts ◽  
The Uk ◽  
First Time

Abstract Halliburton Company v Chubb Bermuda Insurance Ltd (formerly known as Ace Bermuda Insurance Ltd [2020] UKSC 48 is an important case not only to the UK but also to the international arbitration community for several reasons: first, it examines indispensable duties in international arbitration and for the first time recognises and explicates upon the duty of disclosure at the highest court of the United Kingdom; secondly, it addresses and clarifies key concepts in international arbitration; thirdly, it confirms the objective nature of the test of justifiable doubts which has wider implications for other arbitral forums; fourthly, it illustrates how the duties of impartiality, disclosure, and confidentiality interact with and affect each other and how the key concepts should be applied to this interaction; and finally, it lays down useful guidance for arbitrators. For these reasons, this case deserves close and careful examination. This article aims to explain the significance of the aforesaid and suggests that, in addition to what has been addressed, further judicial explanations are warranted in what other aspects.

Ignorance is Bliss: Memorialising Indigenous History in the United Kingdom

2018 ◽  
Author(s):  
Emily Fung
Keyword(s):  
United Kingdom ◽  
Indigenous People ◽  
North American ◽  
Careful Consideration ◽  
Final Project ◽  
Indigenous History ◽  
The United Kingdom ◽  
Final Design ◽  
First Time

As Britain strives to take more pride in its history and promote ‘British’ values in its schools, its role in North American Indigenous history has been left off the curriculum, resulting in an education that lacks any awareness of the societies whose land it colonised. After four months of studying Indigenous history and culture for the first time, this final project sought to find a way to memorialise Indigenous people and their culture in one of the countries that was most responsible for their suffering – a country that is now so able to turn a blind eye to events that didn’t occur within its shores. In doing this, this project considered the implications of memorialising events that occurred an ocean away, and the wilful or naïve ignorance of the British public. After considering various forms of memorials, this project focused on designing a memorial garden, serving partly to increase the visibility of Indigenous people to British citizens, and partly to begin educating on aspects of their culture. This resulted in research on plants, wildlife, and symbols important to Indigenous societies, and careful consideration of all features of the garden, proposing a way for Indigenous stories to be told. The final design emphasises the importance of water, nature, and community, and is proposed as a way to begin eroding the ignorance of the British public to events that should be considered part of their history, and the cultures they affected through them.

scholarly journals Volunteering and Leisure Activity in the United Kingdom: A Longitudinal Analysis of Males and Females

2020 ◽  
Vol 49 (4) ◽  
pp. 757-775
Author(s):  
Paul Downward ◽  
Kirstin Hallmann ◽  
Simona Rasciute
Keyword(s):  
Instrumental Variable ◽  
Leisure Activities ◽  
Leisure Activity ◽  
Panel Survey ◽  
Discretionary Time ◽  
The United Kingdom ◽  
Leisure Behavior ◽  
Males And Females ◽  
Allocation Of Time ◽  
First Time

Theory recognizes the need to account for the allocation of time across activities as a potential constraint on volunteering. Drawing on the British Household Panel Survey (BHPS), for the first time, this article examines the decision to volunteer by males and females accounting for their engagement in other leisure activities that also involve discretionary time. Instrumental variable panel-data estimates reveal that it is only for females that volunteering is influenced by the choice of other leisure activities. This implies that males have more autonomy over their volunteering decision relative to their other leisure behavior compared with females. For males, this greater autonomy suggests that volunteering is more closely linked to the concept of “serious leisure” and a form of work as it is more distinct from other leisure activities. These differences have implications for volunteer recruitment.

Borrowing Agreement with the Government of the United Kingdom

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  
Keyword(s):  
United Kingdom ◽  
International Monetary Fund ◽  
Balance Of Payments ◽  
Financial Resources ◽  
The United Kingdom ◽  
The Government ◽  
The International Monetary Fund

In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the Government of the United Kingdom, acting through Her Majesty's Treasury, agrees to lend to the Fund up to the equivalent of SDR 9.92 billion.

Confessions of a Hindu-Catholic Artist

2008 ◽  
Vol 12 (1) ◽  
pp. 164-185
Author(s):  
Caroline Mackenzie
Keyword(s):  
United Kingdom ◽  
New Age ◽  
The United Kingdom ◽  
New Public ◽  
Public Work ◽  
Inner World ◽  
The Uk ◽  
The Right ◽  
First Time ◽  
The Church

AbstractDuring my first twelve years in India I studied Hindu art and philosophy, encountering "inculturated" Catholic Christianity for the first time. When I returned to the United Kingdom, I was struck by a manifest separation between the dry, orderly church, and the imaginative world of "New Age" networks such as Dances of Universal Peace. In 1999 I received a major commission to re-design a church in Wales. This opening allowed me to use art as a means to bring some of the insights gained in India into a Western Christian context. After this public work, I made a series of personal pictures that depicted the healing and empowering effect of the new public images (archetypes) on my inner world. I then tried to connect the work in the church to liturgy but found no opening in the UK. In 2003, I returned to India to the Fireflies Intercultural Centre in Bangalore. There I found a "laboratory of the spirit" that provided the right conditions for serious religious experimentation. In 2007, I found a way to express the vision of the artwork in the Welsh church via an embodied liturgy. Using masks representing the Elements, I worked with an Indian Catholic priest to create a cosmic Easter Triduum.

scholarly journals PCV25 Characterising Patients with A First-Time Admission for atrial Fibrillation in the United Kingdom

2011 ◽  
Vol 14 (7) ◽  
pp. A368-A369
Author(s):  
J. Jones ◽  
R. Townsend ◽  
K. Jameson ◽  
V. Amber ◽  
L.M. Evans
Keyword(s):  
Atrial Fibrillation ◽  
United Kingdom ◽  
The United Kingdom ◽  
First Time

scholarly journals "A gift from God": Anglo-Greek relations during the dictatorship of the Greek colonels

2014 ◽  
Vol 11 ◽  
pp. 67 ◽  
Author(s):  
Alexandros Nafpliotis
Keyword(s):  
United Kingdom ◽  
Military Regime ◽  
Diplomatic Relations ◽  
Military Leaders ◽  
Good Working ◽  
The United Kingdom ◽  
The Uk ◽  
The Military ◽  
First Time

The focus of this article is an analysis of the Greek junta’s relations with the Wilson and Heath governments in the United Kingdom from 1967 to 1974. Emphasis is placed on diplomatic relations between the two traditional allies. The reactions of the military leaders of the regime in Athens and its representatives in Britain to policies pursued by London towards the establishment, consolidation and eventual demise of the colonels’ dictatorship are presented through the examination (for the first time) of official documents from both the UK and Greece. It is argued that the Greek military regime struggled to cultivate relations with Britain primarily for reasons of domestic and international prestige. Whereas Whitehall pursued a policy of “good working relations” with the junta in order to promote British interests vis-à-vis NATO, Cyprus and trade, the leadership in Athens was solely interested in using British support to gain legitimacy internationally and domestically.

Pharmaceutical Prescriptions in Italy

1995 ◽  
Vol 11 (3) ◽  
pp. 417-427 ◽  
Author(s):  
Silvio Garattini
Keyword(s):  
United Kingdom ◽  
Health System ◽  
National Health ◽  
National Health System ◽  
European Countries ◽  
Economic Implications ◽  
The United Kingdom ◽  
First Time ◽  
Substantial Change

AbstractPharmaceutical prescriptions are quite different in four European countries: Italy, France, Germany, and the United Kingdom. In particular, in 1992, among the 50 most sold products by value, only seven active principles are common to these four countries. In Italy, in 1994, there has been a substantial change in pharmaceutical prescriptions, since, for the first time, drugs have been reimbursed by the National Health System (NHS) on the basis of efficacy. As a result of this new policy, the 50 most-sold products by value have changed dramatically in the first five months of 1994. The pharmacologic and economic implications of this change are discussed.

Future integrity of the United Kingdom is at risk

2021 ◽  
Keyword(s):  
At Risk ◽  
United Kingdom ◽  
Northern Ireland ◽  
Economic Impact ◽  
Content Type ◽  
The United Kingdom ◽  
The Uk ◽  
First Time

Significance The Brexit process also has coincided with the rise of national over British identities in Scotland and Wales, as well as an increase in younger generations supporting independence. In Northern Ireland, Catholics are likely to outnumber Protestants for the first time when the census is released next year. Impacts The UK government’s hard-line opposition to another Scottish referendum vote could risk increasing support for independence. Resolving tensions over the Northern Ireland protocol will be crucial in making progress on other aspects of UK-EU relations. Concern over the economic impact of Brexit suggests that London will continue to take a lax approach to customs checks on EU imports.

Most People Like Nudges—and Why that Matters

2021 ◽  
pp. 73-86
Author(s):  
Lucia A. Reisch ◽  
Cass R. Sunstein ◽  
Micha Kaiser
Keyword(s):  
South Africa ◽  
United Kingdom ◽  
South Korea ◽  
Public Acceptance ◽  
Policy Makers ◽  
The United Kingdom ◽  
Public Approval ◽  
Nationally Representative ◽  
Acceptance Rates ◽  
First Time

This chapter reports the results of nationally representative surveys in fourteen countries, investigating the attitudes of people towards nudges and nudging, with a particular focus on environmental and health nudges. The countries covered are Australia, Brazil, Canada, China, Denmark, France, Germany, Hungary, Italy, Japan, Russia, South Africa, South Korea, and the United Kingdom. There is strong majority support for both health and environmental nudges in all countries, with the exception of Japan, Denmark, and Hungary. China and South Korea stand out with particularly high acceptance rates. Beyond reporting the results of the combined dataset for the first time, the chapter provides an explanation first, of why policy makers might be interested in public approval or disapproval of nudges, and second, how information of public acceptance can inform both uses of and constraints on nudging.

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