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In the News
An interesting perspective on urban pollution is offered by this Guardian article that highlight the problems associated with particulate matter, and remarkably, the extent to which this is...
Videos on the looming Global Water Crisis
Water is a scarce resource - at the current price, demand for water exceeds supply - and that's perhaps one of the biggest problems, water is often under-priced, if it priced at all, and in many...
Tesco cuts the value of Clubcard rewards scheme
Here is a lovely example of the high level of competition in the supermarket sector, with Tesco deciding to reduce the value of their Clubcard rewards scheme.
UK real wage gap grows to £11,000 since 2008
The Resolution Foundation estimate that fifteen years of stagnating wages have left the average worker nearly £11,000 per year worse off compared to what they might have expected had wages...
The John Lewis Partnership is thinking of changing its much vaunted staff-ownership model. The potential plan, apparently the brainchild of the Chair, Dame Sharon White, is to seek funding for a...
2023 Budget - A Budget for the Rich?
The distributional effects of the 2023 Budget have been raked through a fair bit, and the same theme emerges. It seems to disproportionately benefit the wealthy, not least in the changes to taxing...
2023 Banking Crisis - Credit Suisse rescued by Swiss rival UBS
Here are details of the emergency and rushed rescue of Credit Suisse by its Swiss rival UBS. The Swiss have taken pre-emptive action to prevent the collapse of Credit Suisse, with banking giant UBS...
Germany gives green light to Euro49 a month season ticket
Those pesky Germans, always innovating, in this case looking to introduce a monthly ticket for local public transport, for 49 euros per month, looking to capitalise on the success of the 9 euros...
An interesting example of backward vertical integration for you, with VW announcing plans to invest in mines to provide the raw materials required to produce electric batteries.
What has happened to pay in the UK?
In the current environment, with many people striking, the BBC looks at the issue of what has happened to average earnings and highlights the fact that real pay has failed to keep up with average...
Economics Weekly Quiz | 17 March 2023
Here's our weekly economics news quiz.
2023 Banking Crisis - What is Happening at Credit Suisse?
The Credit Suisse situation is an interesting one, with the Swiss government offering a sizeable loan of £44bn from the Swiss central bank. So are we on the brink of a financial crisis? Definitely...
Budget 2023 Reflections - Focus on the Supply-Side
We are bringing together reflections on the UK's 2023 Spring Budget in this blog. It was essentially a budget focusing on trying to reinvigorate economic growth on the supply side. Faster...
Budget 2023: Starter Powerpoint Activity
Here's a 5 minute Powerpoint activity to test students on today's budget announcement from Jeremy Hunt.
The Local Data Company are reporting that the extent to which the cost of living crisis is affecting different types of retailer varies, with fish and chip shops and hair salons among the worst...
News from the USA, where the California appeals court has ruled that Uber and Lyft can continue to treat their workers as self-employed contractors rather than employees. It's significant for the...
CPI Basket Changes for 2023 are Announced
The annual ONS change to the consumption bundle has been announced today, with the usual raft of movements into and out of the bundle in line with consumer shopping habits.
The fall-out from the failure of Silicon Valley Bank (SVB) continues and this is a fast-changing story. Here are some of the emerging details of the deal brokered by the UK government for HSBC...
Supernormal Profits - Biggest Oil and Gas Profit in History
Supernormal profits anyone? Saudi Arabian oil giant Aramco have reported a record annual net profit of $161.1 billion (£133.87 billion) for 2022. This is the biggest ever profit recorded by any oil...
Financial Economics - The Failure of Silicon Valley Bank
US financial regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008. It is a good one to add to your notes on...