Category
In the News
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...
Evidence of rising costs? Or exploitation of a monopsony position? A great example to ignite classroom discussion!
Economics Weekly Quiz | 10 March 2023
Here's our weekly economics news quiz.
UK Economy: are we still facing a recession?
Here is a neat primer on the UK economy from Channel 4 news - a 23 minute interview and discussion which could easily to be watched in a revision lesson and used as a prompt for class analysis and...
An interesting story about offshoring and the implications of this for the Toblerone brand, as they are no longer able to use the Matterhorn image on its packaging. Mondelez are going to start...
A nice bit of applied microeconomics for you; why have Tesla dropped the price of their cars again? Is it to offset the effects of the cost of living crisis, and attract buyers at a time when...
Market Failure and Government Intervention - The row over London’s ultra-low emission zone
London's Ultra Low Emissions Zone (ULEZ) is in the spotlight again, with the undoubted benefits of cleaner air, and a reduction in the negative externalities associated with air pollution being set...
Rising Costs May Delay HS2 Again
The beleaguered HS2 railway is again in the spotlight with the current inflationary environment having pushed up costs and the CEO of the project admitting that aspects of it might be delayed as a...
European Central Bank investigates "greedflation"
The ECB has announced that it will be look out for instances of price gouging and the possibility of EU firms using the current inflationary environment to increase their profit margins, exploiting...