UK interest rates likely to remain high for some time
More smoke signals from the Bank of England regarding the future direction of monetary policy, with the Governor, Andrew Bailey, signalling that there's little immediate prospect of a reduction in...
New Zealand scraps generational smoking ban
New Zealand's much trumpeted policy to introduce a generational smoking ban has been overturned by its new government, not on health grounds but to help pay for tax cuts.
Gender Inequality - Female Executives Under-represented in FTSE350 Firms
There's been little progress in tackling gender inequality in the boardroom according to the latest report, a Pipeline gender parity study. There's some progress in that women now hold over 30% of...
Key Update on the UK Economy - December 2023
Join Geoff for a 20 minute overview of the latest changes in the UK economy. Superb application for students ahead of macro mocks! You can also download the chart deck used in the presentation by...
In the News Teaching Activity – inflation-busting increase in national minimum wage for 2024 (Nov 2023)
The government has announced a significant increase in the national minimum wage rates to take effect from April 2024.
Economics Weekly Quiz | 24 November 2023
Here's this week's economics news quiz.
UK Economy - Surge in Net Migration into the UK
New data on long-term migration shows that immigration in 2023 was 1.2m people with the vast majority coming from outside the European Union. Many are students and people arriving to work in the UK...
IMF suggests Latin America could develop faster with more international trade openness (Nov 2023)
According to the IMF, Latin America can unlock its economic potential by boosting international trade through improved infrastructure and better development strategies.
UK Government Raises Minimum Wage by 10%
The UK government has announced a 10 per cent rise in the national living wage to take effect in the Spring of 2024. The pay floor for adult workers will be £11.44 per hour and is likely to...
Resource and Events Update for Teachers and Students
The Economics Team at tutor2u have been hard at work, so here is quick update on resources and events as the busy month of November passes by with haste!
In the News Teaching Activity – China’s economy experiences deflation in October (Nov 2023)
While the UK struggles with a cost-of-living crisis and inflation above target, the Chinese price level has started to fall.
Is the sugar tax cutting teeth extractions among the young?
The first studies of dental health in children after the introduction of the sugar tax reveal that there's been a decline in the number of teeth being extracted in the under-10s. However, before...
Economics Weekly Quiz | 17 November 2023
Here's this week's economics news quiz.
Government Intervention - Price paid for UK offshore power to rise by 66%
I suspect that this is one of the more unusual examples of a minimum price, or a price floor is you prefer, with the government announcing that it is going to raise the guaranteed price that it...
First Annual Fall in UK House Prices since 2012
The UK housing market has experienced its initial annual decline in prices since 2012.
UK Economy - What is Causing the Steep Fall in Inflation?
This short video explains three reasons for the steep fall in UK inflation.
In the News Teaching Activity – Lessons from Scotland’s cap on rent increases (Nov 2023)
Scotland introduced a maximum annual rent rise of 3% in September 2022 to solve the issue of rising rents during the cost-of-living crisis, but the outcomes have not been as beneficial as hoped.
African Economy - Weak Currencies Drive Up the Cost of Living
The BBC has this excellent background article about the impact of weak currencies on the cost of living. This is a brilliant real world example, with the falling value of the naira driving up...
Hysteresis - Generation Y bear the scars of the Global Financial Crisis
The Resolution Foundation has published new research indicating that so-called Generation Y adults are worse off than their predecessors, earning less, and struggling to afford property in the UK,...
Five Charts on the UK Rental Housing Sector
This Guardian article provides a snapshot of the UK rental housing market and thus offers some interesting economic insights into the wider macroeconomy.