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...

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27th September 2024

Data Starter: Wealth growth

Which countries experienced the fastest growth in their wealth 2010-23?

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The semiconductor industry is at the heart of modern technology, powering everything from smartphones to electric vehicles. The US has made it a priority to boost domestic semiconductor...

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Why have supermarket carrot prices risen by almost 40% in 2024?

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The Guardian reports here on fears that the rapid expansion of data centers in Mexico - whilst contributing to their economic growth and creating new jobs - might have severe environmental...

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This article quotes the Governor of the Bank of England who is of the view that whilst interest rates are going to fall, they're not going to fall back to close to zero, where they were.

He...

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China, the world’s second-largest economy, has just rolled out its boldest economic intervention since the pandemic, aiming to kickstart growth and prevent a looming crisis in its property sector....

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24th September 2024

Data Starter: UK inflation

UK inflation trend since 2015

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The recent sharp drop in petrol and diesel prices across the UK is offering some relief to drivers, with families now paying around £4 less to fill up their cars than they did just a month ago....

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A new packaging tax aimed at funding recycling in the UK has sparked concerns among businesses, particularly in industries that rely on glass packaging. The Extended Producer Responsibility (EPR)...

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The latest GfK Confidence Index, a barometer of consumer confidence, doesn't make for great reading, suggesting that there's been a substantial fall in consumer confidence pre-Budget. This implies...

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For the first time since the 1960s, UK national debt has hit 100% of GDP. That's right, the amount the UK owes is now equal to the entire value of the goods and services the country produces in a...

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Trends in global poverty 1820-2018

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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...

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Trade unions are hoping the government will invest to limit job losses in oil and steel.

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On Wednesday, the U.S. Federal Reserve made headlines by cutting its benchmark interest rate by half a percentage point. This marks the first rate reduction in over four years and signals the...

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An important landmark for one of the UK's iconic coffee and sandwich chains. In 2023, Pret’s global sales rose to £1.1 billion, up 20% from the previous year, driven by rapid growth in non-UK...

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Which industries contribute the most to Corporation Tax revenue?

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Changing consumer tastes, undoubtedly, but there's also a little insight here into the monopsony power of supermarkets, who, fruit growers claim, are driving down the price they offer for...

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