It’s taken 10 years but the UK is finally experiencing true wage growth that outpaces inflation. With employment and economic activity at record levels, the UK economy should be in good shape but the basic problem of low growth is still there. Our economy still needs to place itself on a stronger footing ahead of a rising probability of another recession in the near future.
Rather than celebrating love on Valentine’s day, Parliament chose to use the occasion to emphasise their discord over the EU withdrawal process, 43 days before the UK is due to leave the EU. Three amendments were voted on and this allows me to update my Brexit voting blocks which I first described in “Find your way out of the Brexit maze in 57 days!”.
2019 in the UK began with a dry month but normal weather otherwise.
January 2019 has been a month of considerable parliamentary drama in the UK as MPs wrestle over whether to approve the Withdrawal Agreement between the UK and the EU. There is no shortage of political punditry and quotes from politicians and the whole episode is proving to be a classic example of uncertainty. For statisticians like myself, uncertainty occurs when you cannot properly price the odds of an event happening unlike risk which occurs when you can price the odds. Since the current state of affairs will ultimately be determined by parliamentary votes one way or the other, is it possible to use parliamentary vote data so far to estimate the odds of certain scenarios?
The fevered political climate in the UK at the moment is all about Brexit and possible second referendums and general elections. Jeremy Corbyn made it clear recently that he wanted a General Election now so that he could take over the Brexit negotiations. With that in mind, I decided to take a look at what Labour’s target seat strategy could look like based on the results of the 2017 general election. What I see at the moment is that Labour has many ways of becoming the largest party in Parliament but the road to a working majority is much harder than people realise due to the Brexit realignment in 2016 and the Nationalist realignment in Scotland in 2015.
The Conservatives have lost their lead over Labour but despite the parliamentary turmoil over Brexit in December, the polls do not show much movement in the grand scheme of things.
The start of the new meteorological year was warm with normal rainfall.
If I were to remark to you that “the weather is very nice today” or “I didn’t like that person”, it is unlikely that I would have made such statements based on a single variable. It is more likely that a combination of variables were evaluated to arrive at these statements. When we analysis datasets with multiple variables, we are undertaking Multivariate Statistical Analysis.
Multivariate Analysis comes in two flavours :-
- Analysis of Correlations between Multiple Variables – Known as R-Analysis – Informally known as reducing the dimensionality of your dataset.
- Analysis of Distance between Many Objects – Known as Q-Analysis – Informally known as mapping, clustering or segmentation of your dataset.
Meteorologists define autumn in the UK to be the period from September to November so autumn is now over and we are officially in winter. The 2018 autumn was consistent with the step change in the autumnal climate that took place in the 1990s.
There is no subtle way to say this, our weather in November was boring!