From next April, households in England and Wales will face a sharp rise in water bills—an average increase of £86 in the first year alone. This is no small splash: it’s part of a planned 36% hike...

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In the world of economics, theories often serve as a lens through which we attempt to understand complex human behaviour and market dynamics. These theories, however, rely on simplified assumptions...

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Professor Richard Easterlin (1926–2024) leaves behind a profound and multi-faceted legacy in the field of economics. As a distinguished professor of economics at the University of Southern...

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Digital goods—from advanced machinery and computing technology to software—are the lifeblood of modern productivity. For developing economies, access to these goods isn’t just important; it’s...

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What has been happening to global production per capita for selected fruits, vegetables & nuts?

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Bustling high streets signal the busiest time of the year for retailers. But behind the glittering window displays lies a labour revolution that’s raising eyebrows and alarms. Increasingly, major...

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As job vacancies drop at the fastest rate since the pandemic, businesses are gloomy as they look ahead to 2025.

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Sub-Saharan Africa faces a critical challenge: creating enough jobs to support its rapidly growing population. By 2030, the region will account for half of the world's new workers, with an...

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Foreign Direct Investment (FDI) plays a pivotal role in shaping national and global economic landscapes by fostering cross-border capital flows, generating employment, and stimulating innovation....

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Tourist taxes, also known as transient visitor levies, are taxes imposed on accommodation or other services used by tourists. Governments across the world implement these taxes for various...

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When it rains in Britain, it pours. And sometimes, the leaks are not just from the roofs but also from the foundations of the economy. The UK Competition and Markets Authority (CMA) recently...

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The UK is facing a housing crisis that reads like a suspense novel. A government promise of 1.5 million new homes by 2029 hangs in the balance as industry experts warn: we don’t have the workers to...

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In 2023, the UK demonstrated varied trading relationships globally, reflecting a shift in the balance of its economic ties. This case study explores the UK's trade data to evaluate the role of key...

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Here's our last weekly economics news quiz of 2024! The quiz has 8 multi-choice questions about news events relating to economics from the previous 7 days. Most of the questions relate to the UK...

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How has the economic inactivity rate in the UK changed between 1971 and 2024?

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In this video we look at the important difference between normal and supernormal profit and then link both concepts to different market structures.

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Post-Brexit non-tariff barriers have led to a sharp decline in British food exports to the EU, costing the UK economy an estimated £3 billion annually, according to a new report.

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It’s a tale as old as economics itself: demand soars, supply stagnates, and prices climb. The UK’s rental market in 2024 encapsulates this drama in vivid detail. With annual rental inflation...

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In this revision video, I explain five worked examples of how you can build developed diagrams to help achieve top grades in your Economics exams. The quality of diagrams can have a big effect on...

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The latest figures from the Office for National Statistics (ONS) reveal a sobering truth: the average home in England is now affordable only to the richest 10% of the population. For everyone else,...

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