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In the News
Economic Growth and Development - Vehicle Manufacturing in Rwanda
Rwanda would be one of my choices of developing countries to study ahead of the 2023 Economics papers. James Hall (Reuters) reports below that auto production in Rwanda is expanding rapidly. By...
New Post-Brexit Farm Subsidy System Revealed
If you are teaching or studying the economics of subsidy, then details of the new arrangements for farm subsidies in the UK in a post-Brexit environment might be worth checking.
Is Levelling Up more than just a catchy slogan?
The metropolitan mayor of Greater Manchester, Andy Burnham writes here in the Guardian about the prospects for levelling up, noting that Germany has actually done a remarkable job of levelling up...
Innovation and Microsoft-owner backed investment as an Australian firm looks to reduce the methane emissions from livestock (i.e. cow burps and farts) by introducing red seaweed into their diets.
Good news for Thailand in that tourism revenues are recovering, although still below pre-pandemic levels, because this represents an injection into the circular flow of income and it will trigger a...
Brazil and Argentina start talks on a common currency
This is likely a fair way off but what a story to start the economics week! Brazil and Argentina are set to announce that they are starting preparatory work on a common currency, in a move which...
Should the Government Bail Out the UK Steel Industry?
The decision to grant British Steel another £300 million in rescue funding demonstrates the dangers of subsidising failing businesses. Having already intervened, if the government withdraw funding,...
Stiglitz on the Case for 70% Tax Rate on High Income Earners
Joseph Stiglitz argues here that there should be higher taxes for the super-rich suggesting that there's a case for an income tax rate of around 70% and a 2-3% wealth tax to reduce inequality. In...
Economics Weekly Quiz | 20 January 2023
Here's our weekly economics news quiz.
Warburtons battles soaring cost-push inflation
The cost of living crisis, a well-known bakers and a consideration of costs. Those studying Economics in Year 13 should, by now by aware of the importance of costs in determining price and quantity...
Calls for Social Tariffs mount when energy price support ends
A number charities and non-profit organisations are calling for the government to maintain its intervention in the energy market after April for those on the lowest incomes by offering a social...
Sri Lankan Debt Crisis Update
Sri Lanka's turmoil continues with the government choosing to defer the salaries of certain state sector employees (presumably not their own) due to the financial situation, and all ministries - of...
China's population falls for first time since 1961
Will China grow old before she grows rich? For the first time in sixty years and largely due to a steep decline in the birth rate, China's population declined in 2022. The population fell by...
Does the UK need a wealth tax on millionaires and billionaires?
The Guardian makes the case here for a wealth tax arguing that currently the four richest people in Britain own more wealth than 20 million of their compatriots.
Will the decision by Tesla to cut prices by more than 10% in the UK and up to 20% across Europe lead to a significant expansion of demand? This is a perfect short case study in price elasticity of...
Economics Weekly Quiz | 13 January 2023
Here's our weekly economics news quiz.
Sri Lanka caught in dance between rival geopolitical powers
A fantastic clip from BBC Newsnight looking at the fate of Sri Lanka in the wake of the debt crisis and the call for debt restructuring to enable Sri Lanka, as well as looking at the role of China...
UCAS set to replace personal statements from 2024
The university application landscape seems set for reform according to reports this morning. UCAS wants to replace a unified personal statement with a series of six questions. Admissions service...
Renewables - Could floating solar farms survive out at sea?
Innovation in renewable energy is featured here with engineers looking at whether floating solar farms are feasible. If they are, then it would seem to be a logical solution to providing power for...
BioNTech acquires UK AI business InstaDeep
Here is a fascinating example of external growth – what type of integration is occurring?