Category
In the News
Economics Weekly Quiz | 25 May 2023
Here's our weekly economics news quiz.
Here is a wide-ranging selection of topical news items on the UK economy from recent days. So much happening that is of direct relevance to students of this great subject!
UK Economy Update: Inflation Rate Drops to 8.7%
New data released by the ONS finds that the annual rate of inflation in the UK economy has fallen from 10.1% in March 2023 to
How inflation has hit your cheese sandwich options!
The Guardian focuses on the cost of living crisis via the medium of the cheese sandwich - comparing the rate of increase of various types of sandwich - from the bog standard, white bread and...
Argentina unveils 2,000 peso note - worth $4
The impact of inflation on the value of the Argentinian peso has been made clear as the country has unveiled a 2,000 peso note worth $8.50 at official exchange rates and $4 in the most commonly...
Economics Weekly Quiz | 19 May 2023
Here's our weekly economics news quiz.
Some of the latest data regarding the intersect between the labour market and health make for grim reading. Whilst the employment rate has risen to nearly 76%, there are still two and half million...
It looks like the Competition and Markets Authority (CMA) is interested in the pricing strategies of supermarkets as regards fuel and food. The term 'rocket and feather' pricing has been used to...
The latest IFS peek under the bonnet of the tax system has revealed the 'hidden' effects of fixing freezing tax thresholds and personal allowances. As a result of this, by 2027, 20% of the...
Economics Weekly Quiz | 12 May 2023
Here's our weekly economics news quiz.
UK Interest Rates Climb to 4.5% - Highest since 2008
Unsurprisingly, UK monetary policy interest rates have ticked upwards again, reaching 4.5% after today's Bank of England announcement. However, the Bank is also of the view that inflation is going...
Ryanair and Economies of Scale
Might the Ryanair deal to buy up to 300 Boeing 737 Max-10s generate economies of scale? It is certainly a good applied example of monopsony power and internal growth of a business as the aviation...
To lend money to customers, businesses need to apply for and gain approval for a specific type of banking licence. This is an important example of a regulatory entry barrier. UK-based mobile...
Debunking myths about low emissions zones
This Guardian article looks at how congestion zones are misrepresented in the media and highlights four benefits of clean air zones that are often overlooked.
Australia is looking to ban recreational vaping, believing vaping amongst the young to be a gateway drug, rather than a way of weaning people off cigarettes. As a result, vaping is going to be ban...
Inflation has made us poorer but whose fault is it?
Larry Elliott writes in the Guardian about the current bout of inflation and, rightly in my view, turns the tables on the Bank of England. Instead of asking for workers to show restraint in their...
Sri Lanka - Update on their economic crisis
The Sri Lankan central bank has set out how the debt crisis has adversely affected the economy and the trajectory of the recovery, forecasting a 2% decrease in growth this year before 3.35 growth...
Economics Weekly Quiz | 28 April 2023
Here's our weekly economics news quiz.
How chronic ill-health damages the UK's supply-side
This Larry Elliott piece looks at the implications of Britons poor health for the nation's supply-side, and by definition the economy's wider macroeconomic objectives, something recognised by a...