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In the News
Monetary squeeze continues as BoE raises base rates to 5%
The Bank of England has raised base interest rates by 0.5% to 5%, the highest for fifteen years. The move has been trailed as a pre-emptive move meaning that the Bank hope that such a step will...
Economics Weekly Quiz | 23 June 2023
Here's our weekly economics news quiz.
A complicated issue to unpick but the head of the IMF, Kristina Georgieva has called for so-called 'debt for climate swaps' to be offered to developing economies to allow them to overcome the...
Classic oligopoly theory - with Morrisons and Marks and Spencer cutting the price of basic items in response to similar cuts by Tesco, Sainsburys and Aldi.
The Institute for Public Policy arguably sums up the last 40 years: £500bn plus under-investment has resulted in low growth. It argues that British investment is the lowest in the G7 and 27th out...
How bad will the looming mortgage crisis be?
Larry Elliott looks at the implications of higher mortgage interest rates both for mortgage borrowers and for the wider macroeconomy. He suggests that with interest rates being so high the...
Economics Weekly Quiz | 16 June 2023
Here's our weekly economics news quiz.
Horizontal Integration - Mega Merger in UK Telecoms
News of a proposed mega-merger in the telecoms sector, with Vodafone and Three looking to merge, and in doing so, create the UK's largest mobile phone firm. The combined firm would have 27 million...
With the latest labour market data today, it seems self-evident that monetary policy is going to be tightened again, meaning higher interest rates going forward and bad news for mortgage borrowers...
CMA warns against supermarket use of land banks
The Competition and Markets Authority was warned Sainsbury's And Asda about their future conduct in relation to the creation of land banks, and using land as a way of stopping rivals entering a...
Will the UK Energy Windfall Tax be suspended?
With energy prices falling, it seems as though the government are on the point of suspending the recently introduced windfall tax. The higher rate windfall tax was introduced last year in response...
This BBC article compares the price of basic items in supermarkets, trying to see how British prices compare with those on the continent. It highlights the facts that some goods are more expensive...
Economics Weekly Quiz | 09 June 2023
Here's our weekly economics news quiz.
Monopsony Power - Fast Fashion Brands Squeeze Supplier
Are fashion brands exploiting monopsony power in relation to their supplier by forcing them to cut prices for brands such as Boohoo, Missguided and the Frasers Group, the owners of Sports Direct?
UBI Trial to start in England
A think-tank, Autonomy, is trialling a Universal Basic Income, with 30 people getting £1,600 a month for two years, and being followed by researchers. The scheme is going to cost £1.15 million with...
This is a fascinating, and potentially complex chance for students to look at costs and revenues in the craft brewing sector, with an increased supply of beer, and increasingly cost-sensitive...
A-Level Economics Exam Entries Surge 7% in 2023
The rapid growth in A-Level Economics continues! Once again Economics is one of the fastest growing subjects at A-level.
Economics Weekly Quiz | 02 June 2023
Here's our weekly economics news quiz.
I love this sort of article - it can be sliced and diced in a number of ways, not least in looking at costs, revenues and profits. In this case, you might think about the profit margin on a sharing...
Business Growth - Asda buys EG Group
Asda has taken over the UK and Ireland part of EG Group, the petrol retailer, and in doing so has acquired 350 petrol stations and around 1,000 convenience stores.