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Wealth effect

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Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Wealth effect - definition

A wealth effect refers to an increase (or decrease) in consumer or corporate spending following an increase (or decrease) in the value of an asset, such as through an increase in property prices or share prices. Increases in wealth create two effects - firstly, wealth can be converted to income through a process called 'equity withdrawal' and, secondly, increases in wealth create positive expectations - both of these effects can encourage increased spending throughout the economy.


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WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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Savings ratio

Savings ratio falls to lowest level on record.

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