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.
In the News Teaching Activity: British Steel Plans To Decarbonise Plant Putting Jobs at Risk (Nov 2023)
British Steel's shift to electric furnaces risks jobs, sparks concern over UK steel independence, but should help with decarbonisation. Have a go at this free teaching activity, which includes a...
Externalities - Economics of Nuisance Tourism
This article highlights the negative externalities associated with so-called nuisance tourism in Amsterdam and the effects of a campaign conducted by the city's authorities that has reduced the...
Contestability - Why Aldi Is a Threat to Supermarkets
The Wall Street Journal has looked at the rise of Aldi in the US, highlighting the ways that the German discounter has become the fastest growing chain.
Economics Weekly Quiz | 10 November 2023
Here's this week's economics news quiz.
Who is making money in the Creator Economy?
The Financial Times looks at the economics of the Creator Economy - a sector valued at some $250bn by Goldman Sachs. To what extent is the industry becoming monopolised by a small handful of...
Globalisation Is Fracturing. So What Comes Next?
This eight minute video from Bloomberg News is ideal support for teachers and students covering Globalisation and indeed de-globalisation as part of their Year 13 Macroeconomics. It introduces us...
We make 50 billion shoes per year, and nearly all of them end up in landfill. This Business Insider clip looks at the recyclability of sports shoes, and the difficulties in doing this.
Economics Strong Foundations Live!
We're all set for our upcoming A-Level Economics workshops later this month. Here are the full details!
In the News Teaching Activity – Sainsbury confident of a profitable Christmas (Nov 2023)
Sainsburys believe they are winning back some market share from the discount supermarkets and are anticipating a good Christmas for profits.
Edexcel A-Level Economics - Theme 1 Knowledge Organiser
Here's a link to a set of two knowledge organisers for Theme 1 for Edexcel A-Level Economics (A). The first covers topics from the basic economic problem through to demand and supply. The second...
WeCrashed - WeWork Files for Chapter 11 Bankruptcy
Big business news today! WeWork has filed for Chapter 11 Bankruptcy in the USA to help it deal with a mountain of debt. WeWork expanded rapidly post 2010 and spent billions acquiring leases on...
Economic inactivity - Mothers quit work because of childcare
The Fawcett Society has reported that the costs of childcare are a major deterrent to women returning to the workforce, with their data suggesting that around a quarter of a million women have left...
In the News Teaching Activity – BoE warns against early interest rate cut (Nov 2023)
The Bank of England is expecting a stagnant economy over the next year but is keeping its base rate at 5.25% to squeeze the inflation rate back down towards its target of 2%.