Scottish Government Raises Taxes for Higher Earners
The Scottish government has increased marginal tax rates for higher-earners and frozen tax allowances creating some fiscal drag effects along the way. The government has announced a new marginal...
UK to introduce a Carbon Border Tax in 2027
A key environmental intervention is set to come into force in 2027, a year later than the planned EU carbon border tax which will start in 2026. The news is reported here in the Guardian.
In the News Teaching Activity – Is Christmas 2023 likely to be a merry one for retailers? A gloomy tale of consumer spending (Dec 2023)
The Economics Observatory have taken a closer look as the factors that have influenced consumer spending in recent years and considers how retailers are likely to be affected.
Externalities and Development: Mexico's Yucatán Railway Project
The BBC reports here on one of Mexico's biggest-ever infrastructure projects - the Yucatan railway mega-project which is designed to lift growth and development but is already three times over...
Economics Weekly Quiz | 15 December 2023
Here's our final weekly economics news quiz of 2023. Have a great christmas and new year!
Record Debt Puts Developing Countries in Crisis
The World Bank has warned that higher interest rates are going to imperil the developmental prospects of many low income countries, by increasing debt repayments and, ultimately, increasing debt...
2023 King’s Entrepreneurship Lab Essay Competition Winners Announced
We were delighted to support the inaugural King’s College Cambridge Entrepreneurship Lab Essay Competition so ably run by Rhys Williams. This weekend the winners journeyed to Cambridge for a...
In the News Teaching Activity – More cash transactions to help people manage their finances as the cost-of-living rise bites (Dec 2023)
Over the past decade, people have used fewer notes and coins for transactions, but now there is an increase in cash use again.
New Kahoot Quizzes on Market Failure
We are busy adding new Kahoot quizzes to the tutor2u channel. Three new quizzes have been created covering aspects of market failure.
Thames Water - Financial Crisis Deepens
This story speaks of the flawed nature of water privatisation, a scandalous lack of regulatory oversight, and the horrific misalignment of incentives.
De-Globalisation: World economy on brink of ‘cold war two'
The Deputy Director of the IMF, Gita Gopinath, has suggested that a move away from globalisation and an economic Cold War based on US and Chinese power blocs has the potential to wipe trillions of...
In the News Teaching Activity – Unprecedented net migration into the UK (Dec 2023)
Ed Conway, Economics correspondent at Sky News, does a deep dive into the recent data showing high net migration figures.
West African Generating Project Energises Growth
This World Bank clip looks at the development of a massive electricity generating project in West Africa, with the building of an advanced electricity network spanning the region, linking a power...
Inequality in the UK - most disadvantaged in Britain are no better off than 15 years ago
This BBC report highlights a Centre for Social Justice Report that finds that there's a danger of inequality becoming entrenched in the United Kingdom. The most deprived areas struggle to find...
Economics Weekly Quiz | 08 December 2023
Here's this week's economics news quiz.
In the News Teaching Activity –Financial market failure that led to the Global Financial Crisis 2007-9 (Dec 2023)
Alistair Darling proved to be a calm Chancellor of the Exchequer during the storm of the Global Financial Crisis in 2007-9, an important event in economic history.
Olive Oil Prices Climb due to Summer Shortages
This BBC News clip looks at how a drought in Spain has affected olive harvests, and, by definition, the price of olive oil. It's classic demand and supply material, and there's lots of opportunity...
Economics and Business News Quiz for 2023
How good is your knowledge of some of the big Economics and Business New Stories during the year? Have a go at our Festive Kahoot Quiz! There are twenty questions to have a go at!
Edexcel A-Level Economics - Theme 2 Knowledge Organiser
Our free Theme 1 Knowledge Organisers have gone down a storm with over 500 downloads so far (link in the comments)...here's the first of two packs for Theme 2!
In the News Teaching Activity – Lack of competition in the baby milk formula market is adding to the cost-of-living crisis (Dec 2023)
The CEO of Iceland has highlighted the lack of competition in the baby formula market, arguing producers are exploiting those struggling in the cost-of-living crisis.