Impact of Personal Finance on UK Housing Market Essay

Impact of Personal Finance on UK Housing Market - Essay Example The measurement concept is vital in understanding the future prospects of the housing market because it provides a rough estimate of the income and the disposable income of the household and the tenants. In UK, the residual income concept is used for estimating the monthly disposable income, after the payment of the monthly mortgage system. The affordability factor is largely triggered by the average income of the household individuals and tenant owners by computing ratio. However, huge crisis was seen in both the household and rental category during 1999 to 2003 due to factors like low income of the individuals, legal inability to purchase the housing property, instability in the tenure of security ownership and also the highly geared financial exposure caused by the price variations. Therefore, it is observed that the UK housing prices was largely affected by the hike in the customer prices and the household incomes (Macgregor, Lizieri and Ball, 2008).The UK housing price grew by 4 7 percent, consumer price by 12 percent and household sector by 33 percent during the tenure 1996 to 2003 (Macgregor, Lizieri and Ball, 2008). The high income elasticity of the individuals with respect to the increase in the price valuation of the household property is responsible for the growth in housing market. The level of mortgage debts on the household balance sheet which is relative to the disposable income of the consumers is also a major factor for the development in the housing market (Poon and Garratt, 2012). During the tenure 2000 to 2003, the growth in the housing market depicted variability and stability in the varying rates of the price... This report stresses that in UK, the procurement of the housing facility is largely facilitated by the financial risk and the structural pattern of the housing market. Apart from the traditional banks, UK housing market is financed largely by the large amount of investors from other countries. The requirements for the strong growth in the UK housing market were largely dependent on the pricing of the residential and non-residential property. The UK housing market then consisted of submarkets and the quantitative analysis was the most common method to determine the market issues and segmentation. The UK housing market consists of owner, rental and industrial owners and the affordability concept is measured through econometric concept. This essay makes a conclusion that the housing scheme not only helped in decreasing the housing prices but also increased the repossession in the rental property land. The decrease was also due to the fact that the lenders were asked to pay only the capital sum at the end of the repayment term and tenure. The government has also increased the process of facilitation of the housing loans which have increased and doubled up to 15 percent in the last tenure. It is also observed form the graph that the government’s mortgage guarantee scheme of  £12 billion helped in stoking the bubble to a large extent. With the emergence of the Household Guarantee scheme proposed by the UK government, an increase in the supply of the individual and rental property was witnessed in the following areas.

Why Mainstream Social Networks Complicate Our Identities Research Proposal

Why Mainstream Social Networks Complicate Our Identities - Research Proposal Example All aspects of the environment were perceived as threats due to the relatively untrained and primordial perception and capacity of the early inhabitants. In the first stage, the social consciousness of the people was centered on the tribe as the singular commune existing in their periphery. Posner (1) maintained that during the early times, thinking outside the delimitations set by the tribal unit, practice and tradition is akin to modern-day treason. As such, the mindset of the early civilizations with regards to social acuity has been primarily limited to the concept of a tribe. The second stage is marked by the enlightenment of the individual as they began to have a more profound understanding of their environment and how they can suit their needs according to the change in times. Posner (2) argued that during this stage, people began to engage themselves into their surrounding thereby formulating smaller groups in their community. During this time, tribe members also started to i nteract with other members of neighboring tribes signifying the beginning of trade and commerce. Due to the awakening, the early people began to notice an opportunity to improve their way of life by mastering his environment and becoming an active player in the communal exchange. This then became the catalyst that spurted man’s ingenuity to discover matter and manner that went on well through time. The third stage is the mental stage characterized by people’s accumulation of knowledge and a keen mastery of his way of life. A system of education is likewise formed where the past is ultimately utilized as the main yardstick for future endeavors. Also, this stage is marked by advancements the systems of economy, politics and social interactions. Developments in science, communications, and technology likewise exemplify this stage. In this regard, people became more sophisticated with innovative types of machinery, gadgets and systemic processes.

Rules, Rights and Justice Essay Example | Topics and Well Written Essays - 2500 words

Rules, Rights and Justice - Essay Example Parliament is normally influenced by public opinion and social changes into making laws through Acts of parliament. There are various origins of Acts of parliament, which are caused by the variations in public and social opinions. Consequently various Acts of parliament are enacted, laws established to ensure a peaceful cohabitation of the people with its environs. Most of these will be addressed in this paper to find out the numerous ways the public can affect establishment of laws. Origin of Acts of Parliament There are different origins of Acts of parliament in England and Wales. Some of these include; national emergency crisis, manifestos of parties, the law commission, royal commission and the private members bills. The party manifestos refer to those lists of reforms promised by political parties when there is a general election. They do guarantee they would implement if they are elected into parliament. In other terms, party manifestos are simply pre-election promises. The Act s of parliament may be obtained from the pre-election promises on which the elected government made to the public (Block 2, 2012; p. 93). Nationwide emergency, crisis or fresh developments which arise during the reign of a government might force the parliament to establish an Act to deal with the crisis. For instance, the Anti-Terrorism, crime and Security Act 2001 was brought up to respond to the latest circumstances concerning the terror attack on September 11, 2001 in New York and Washington. The main objective of the 2001 Act was to cut down on financing for the terror groups, ensuring the departments and agencies in the government had authority to gather and share important information needed to deal with terror threats. In addition, the 2001 Act had the aim of expanding police jurisdiction and accessibility to appropriate forces and pass on to UK’s anti-terror authority (Block 2, 2012; p. 95). The royal commissions at times submit their report to the parliament with rec ommendations for laws which may be assumed as part of the government lawmaking process. Royal Commissions are recommended committees enacted by the State even though officially selected by the Crown. The commission conducts an investigation for any subject the government might see fit to refer to. These are normally used for political issues that are not related to any party or for matters the government deems to be perceived as addressing in a non-party political manner (Block 2, 2012; p. 101). A recommendation from the law commission is also another source of Parliamentary Acts. The main aim of creating the law commission was to establish recommendations concerning any subject of the law that the commission might feel necessary to have reforms. Thus the commission is mandated with the accountability of keeping all the regulations under the review with the objective of reform and development. The work of the commission is wide-ranging in the sense that it proposes the changes to th e law inclusive of the necessary reforms. The private member bills are also another source of the Acts of parliament. This is a situation where the individual members of parliament are able to initiate their own laws otherwise known as the Private Member’s Bill. One good example of the successful private member’s Bill which was signed into legislation is the Marriage Act 1994. This was initiated by Gyles Brandreth, Chester’

Public Health Leadership Research Paper Example | Topics and Well Written Essays - 750 words

Public Health Leadership - Research Paper Example New paradigms should be considered when those in use seem to lose effectiveness and requires certain competencies and skills on the part of the leadership in public health. Public leaders must effectively organize and apply available resources to achieve the best outcomes for the community. Considering the resource constraints and difficult working environments for public health workers especially in the developing world, managers provide effective leadership for optimum results. A sense of mission is therefore particularly important as a skill for healthcare leaders to direct service delivery. They should purpose to strengthen the infrastructures and systems with the core functions and essential services of public health in mind. The leaders therefore must be able to examine the population’s health care status as well as the community’s ability to meet its priority healthcare needs and implement interventions that reduce if not avid occurrence of crises of public health. They should be able to implement service delivery with a view of the future, ground their views in present realities and also build on past experiences to inform directi on in service delivery policies (Rowitz, 2009). Change management and continuous learning are of great importance to public healthcare leadership. Delivery of health services as well as patient situations change constantly and therefore leaders must continually learn & adapt new skills and capabilities so as to keep up with the changes. Leadership significantly involves providing motivation to other staff, constant communication and negotiation with the stakeholders as well as promoting desirable behaviors which increase discipline and ultimately improve the achievement of good outcomes. it is there imperative for the leaders foster creation of working environments where every person is learning on a constant basis. They must be able to identify those challenges facing service, and the necessary knowledge and

The Common Agricultural Policy of the European Union Assignment

The Common Agricultural Policy of the European Union - Assignment Example In the EU farmers are guaranteed a certain price by their government. This is achieved mainly through the use of buffer stocks. These refer to the previous season’s stocks that were not absorbed by the market hence stored by the governments for future eventualities in the market prices. The government buys excess stock in the market to maintain a certain price if there is over supply and releases extra produce to the market to keep the prices at the agreed rate in case of shortage pushing the prices up (Swinbank, & Tranter, 2004). Whenever there is an overwhelming supply of farm products on the market, the excess supply tends to push down the average prices of the produce leading to reduced profits for the farmers or even end up making losses. The E.U sets quotas for such products so as to protect farmers from these problems. The dairy sector is one such agricultural sector that has set quotas imposed on it by the E.U. A quota is represented on the graph by a vertical supply curve at the time the quota is binding. The response of the producers to changes in prices is asymmetrical. Supply will reduce in response to fall in prices and this is represented by the left side of the quota. On the other side ,the right side, when the price rises the farmers are prevented from raising production making the supply curve to become inelastic in nature. (www.economicsonline.co.uk) The elasticity of the demand curve will determine if the farmers will benefit from the production quota. The farmers will be at a benefitting position after the quota if the curve is inelastic around the initial set price. When a market economy is restricted, the quota that is set on production always leads to quota rents. This can be depicted as the a+b in the graphic representation. They are referred to as rents because the farmers get an extra return of Pd. If the farmers manage to sell or lease their quota rights, it gives a capital value to the quota which is equal to the discounted

Cardiac Involvement in melanoma Essay Example | Topics and Well Written Essays - 250 words

Cardiac Involvement in melanoma - Essay Example As it mainly affects the skin, it causes majority of skin cancer related deaths worldwide. At present, it is the sixth most common cancer in the United States, with the current lifetime risk for developing invasive melanoma is 1 case per 60 Americans, a 2000% increase since 1930. (Swetter, 2010). Cause of the disorder Melanoma is caused when the melanocytes are constantly exposed to sunlight, paving the way for Ultra-violet photons to strike the chromophore, a part of melanocyte. So, exposure to UV radiation clearly plays a role in melanoma. As people with history of sunburns, especially blistering sunburns during childhood or in teenage, are likely to show an augmented risk of developing melanoma. (aad.org). Another widely accepted caustic factor is genetics, with familial melanoma occurring mainly due to the chromosomes 1p, 9p and 12q. Having two or more close relatives who have had this disease is a risk factor. (medicinenet.com). Symptoms The symptoms of Melanoma, as mentioned ab ove, are any changes in the shape and color of the existing moles and also any new lump or lesions on the skin. The early symptoms of melanoma can be summarized by the mnemonic, â€Å"ABCD†. ‘A’ stands for Asymmetry and it means one half difference between the abnormal area and the other half.

Symbolic Interaction Essay Example | Topics and Well Written Essays - 1750 words

Symbolic Interaction - Essay Example Similarly, the dominant methodological approach, survey research, was criticized as dehumanizing, as eliminating the most significant elements of human life, and thereby producing a distorted picture of the world. "Symbolic Interaction is a down-to-earth approach to the scientific study of human group life and human conduct. Its empirical world is the natural world of such group life and conduct. It lodges its problems in this natural world, conducts its studies in it, and derives its interpretations from such naturalistic studies." (p.67) Blumer's theoretical and methodological arguments were an important resource drawn on by many of the critics of sociological orthodoxy in this period. Symbolic Interaction grew popular as a theoretical counter to functionalism, and the 'naturalistic' methods advocated by Blumer became one of the most common alternatives to survey research. On both sides of the Atlantic, there was considerable growth in the amount of interactionist ethnography in many fields, but especially in the study of deviance, medicine, and education. Blumer was an important, though by no means the only, influence on those adopting this approach. Most of the arguments currently used to legitimate qualitative research are to be found in his writings. S Symbolic Interaction rests on three primary premises. First, that human beings act towards things on the basis of the meanings those things have for them, second that such meanings arise out of the interaction of the individual with others, and third, that an interpretive process is used by the person in each instance in which he must deal with things in his environment. It was Blumer's perception that the first premise was largely ignored, or at least down-played, by his contemporaries. If mentioned at all, he asserted, meaning is relegated to the status of a causative factor or is treated as a "mere transmission link that can be ignored in favour of the initiating factors" by both sociologists and psychologists. Symbolic Interaction, however, holds the view that the central role in human behaviour belongs to these very meanings which other viewpoints would dismiss as incidental. As to the second premise, Blumer identified two traditional methods for accounting for the derivation of meaning and highlights how they differ from the Interactionist approach. First, meaning is taken to be innate to the object considered (i.e., it inheres in the objective characteristics of the object). In this view, meaning is given and no process is involved in forming an understanding of it, one need only recognize what is already there. Second, meaning is taken to be the cumulative "psychical accretion" of perceptions carried by the perceiver for whom the object has meaning. "This psychical accretion is treated as being an expression of constituent elements of the person's psyche, mind, or psychological organization." The constituents of the individual's psychological makeup that go to form meaning, then, are all of the sensory and attitudinal data that the person brings to the instance of meaning formation with her. In marked contradistinction to these viewpoints, Social Interaction holds that meaning arises out of the