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In the News
Economics Weekly Quiz | 18 October 2024
Here's this week economics news quiz! The quiz has 8 multi-choice questions about news events relating to economics from the previous 7 days. Most of the questions relate to the UK economy but some...
In an ambitious leap toward renewable energy, Tesco, one of the UK’s leading supermarket chains, has signed a deal to source two-thirds of the electricity generated by the upcoming Cleve Hill solar...
Bank of England Eyes Interest Cuts as Inflation Hits Three-Year Low
In a twist for the UK economy, inflation has dipped to a surprising 1.7% in the year to September, the lowest in over three years and below the Bank of England's (BoE) 2% target. This unexpected...
Gaming Taxes and the UK Economy: What’s the Cost of Raising the Stakes?
The UK government is eyeing a significant tax hike on gambling, hoping to raise as much as £3.4 billion annually by 2030 by doubling taxes on "higher harm" gambling products. According to proposals...
Today's Guardian editorial highlights the fact that the European electric vehicle market doesn't seem to be getting the appropriate support. Governments haven't been investing enough and have...
How Institutions Shape Wealth: Lessons from the 2024 Nobel Prize Winners in Economics
How do institutions shape prosperity? This year’s Nobel Prize in Economics, awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson, addresses this critical question with a fascinating take...
From Empty Shops to Active Spaces: The Rise of Independent Gyms on the UK High Street
Here is a great example of entrepreneurialism sparking an increase in market contestability. The UK’s high streets are witnessing a fresh wave of activity, but this time it’s not the latest fashion...
Economics Weekly Quiz | 11 October 2024
Here's this week economics news quiz! The quiz has 8 multi-choice questions about news events relating to economics from the previous 7 days. Most of the questions relate to the UK economy but some...
The Impacts of a Cold, Wet Year on UK Farmers and Wine Producers
A good example here of the impact of weather and climate on the UK farming industry. The weather has dealt a tough hand to British farmers this year, as record-breaking rain and unseasonably cold...
Could an extra Tobacco Tax Revolutionise UK Public Health Funding?
In a bold bid to improve the health of the nation and cut down smoking-related costs, public health advocates and charity groups are calling on UK Chancellor Rachel Reeves to introduce new taxes on...
Trade wars - China retaliates with brandy tax on EU exporters
A lovely case of retaliation here in the ongoing EU-China trade war with the Chinese imposing tariffs on EU brandy exports. In addition, as the article notes, "China is also considering new tariffs...
In a significant development for the UK housing market, Barratt, the nation's largest housebuilder, has completed a £2.5 billion acquisition of its smaller rival, Redrow. After months of scrutiny...
Economics Weekly Quiz | 04 October 2024
Here's this week economics news quiz! The quiz has 8 multi-choice questions about news events relating to economics from the previous 7 days. Most of the questions relate to the UK economy but some...
The European Union’s decision to slap tariffs of up to 39.7% on Chinese titanium dioxide has left Europe’s paint industry in a sticky situation as reported here in the FT. Paint makers are worried...
Argentina’s Austerity Gamble: Inflation Drops, But Poverty Soars
Since taking office in December, Argentina’s President Javier Milei has delivered on his campaign promise to slash public spending and tackle inflation head-on. His far-right, free-market policies,...
The iconic Ratcliffe-on-Soar power plant in Nottinghamshire generates its final sparks of electricity this week, closing the chapter on Britain’s 142-year relationship with coal-powered energy....
In a clever mix of humour and legal strategy, Iceland Foods has attempted to trademark its "iconic" King Prawn Ring, a product it claims to have pioneered since 1991. The supermarket giant isn't...
Amazon Pays UK Corporation Tax for First Time Since 2020: A Turning Point for Big Tech?
Amazon, the retail behemoth, has finally made a splash in the UK’s tax waters, paying corporation tax for the first time since 2020. After the end of the “super-deduction” tax break, which allowed...
Economics Weekly Quiz | 27 September 2024
Here's this week economics news quiz! The quiz has 8 multi-choice questions about news events relating to economics from the previous 7 days. Most of the questions relate to the UK economy but some...
Continued Debate over the US Minimum Wage
It seems remarkable that the USA federal minimum wage has remained at $7.25 since 2009. However, there are a number of nuanced arguments that suggests that a new federal minimum wage might be...