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In the News
Multi-banks: A Lifeline for Families in Need
In an innovative response to rising child poverty, "multibanks" are sprouting up across the UK, distributing everything from food to toiletries to families in need. These hubs aim to tackle poverty...
Imagine nearly half of a country’s budget being used up just to pay off debts. That’s the stark reality for many developing nations today. According to a recent study by Debt Relief International...
Imagine waking up to a world where planes are grounded, hospitals are in disarray, and government services grind to a halt—all because of a single software update. This isn't a scene from a sci-fi...
UK national debt climbs to highest figure since 1962
The UK's national debt has soared to its highest level as a proportion of GDP since 1962, (incidentally, the year before I was born!) now standing at 99.5%. This means the government owes almost as...
Government Intervention: Has the UK Sugar Tax worked?
The UK sugar tax, officially termed the Soft Drinks Industry Levy, was implemented in April 2018 following its announcement in March 2016. This policy, a central element of the 2016 childhood...
How Sonia Swaps might be cutting the cost of your mortgage!
The UK mortgage market is buzzing with excitement as major banks slash mortgage rates, making home loans more affordable. With the Bank of England expected to cut interest rates later this summer,...
Labour’s latest manifesto promises to tackle the housing crisis head-on by building a whopping 1.5 million new homes over the next Parliament. But can they really hit the nail on the head? Let’s...
In a dramatic move shaking the automotive industry, the European Commission has decided to impose hefty tariffs on China-made battery electric vehicles (BEVs) starting from July 5th. This bold...
For all of the focus on China as the world's largest polluter, it might be worth reframing the problem to accept that it is also one of, if not the, largest innovator in this area.
Nationwide’s Bold Move to Acquire Virgin Money
The world of UK retail banking looks set to get a major shake-up as Nationwide Building Society gears up to acquire Virgin Money UK PLC in a £2.9 billion deal. The Competition and Markets Authority...
In the July 2024 King's Speech, Labour has proposed to renationalise the remaining elements of the industry under private sector control. This article explores the implications of nationalizing a...
The British pound has hit its highest level against the US dollar in a year, driven by investor expectations that UK interest rates will stay high. This change is tied to stubborn inflation,...
What's Brewing at Pret?
Pret a Manger has decided to shake things up with its subscription model, causing a stir among coffee lovers. Previously, the subscription allowed members to enjoy five free drinks a day and a 20%...
Data from Zapmap reported here reveals that a new public charger was installed every 25 minutes during the spring quarter of 2024, indicating a rapid pace of deployment to meet growing demand.
Business Demerger: Pernod Ricard sells some big wine brands
Here is a really good example of a demerger in the global drinks industry. The example is suitable for all students taking their A-Level and IB economics.
This article from BBC news reports on the concerns expressed by Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), about the rise of protectionist policies and the...
UK economy - Reeves announces new UK National Wealth Fund
Rachel Reeves, the Chancellor, has announced the establishment of a £7.3 billion National Wealth Fund (NWF) as part of the newly elected Labour government's initiative to stimulate infrastructure...
Economics Annual Quiz | 2023 - 2024
Here's a quick quiz for your remaining students on events that have taken place in the economics world since the academic year started in September 2023. The quiz includes 10 questions - how many...
This BBC clip looks at the ubiquity of Amazon, on the 30th anniversary of the company's emergence, and wonders whether it can continue to grow as it has in its first 30 years of existence.
Business Economics - Two Mega Mergers!
Carlsberg has bought Robinson squash manufacturer Britvic, looking to diversify its business away from alcoholic in favour of non-alcoholic beverages. At the same time, Carlsberg have bought out...