UK energy price cap to be updated every three months
OFGEM has announced that the energy price cap is going to be altered every three months, to better to reflect the latest in changes in costs, rather than bi-annually.
Currency options for an independent Scotland
The choice of currency regime matters - and this new piece from the Economics Observatory makes for fascinating reading.
Could UK inflation reach 15% by the start of 2023?
The Resolution Foundation is suggesting that the Bank of England might forecast that inflation is going to be even higher than expected with a peak later than initially forecast.
Himalayan villages face water crisis as glacial streams shrink
This clip could prompt a variety of discussions when introducing students to Economics.
Are Indirect Taxes Regressive?
The broad answer in the UK is yes according to new data published for 2021.
The Size of UK Government Debt
The size of the national debt is one of the important macroeconomic numbers studied by economists.
One in Five UK Night Clubs have closed since 2020
One in five nightclubs across Scotland, England & Wales have closed since the first lockdown in March 2020.
Countries with the highest inflation
Which countries in the world have the highest rates of inflation?
Heathrow posts operating loss of nearly £1 million a day
Britain’s biggest airport is losing nearly £1 million a day according to newly-released figures.
Burgernomics - McDonald's raises cheeseburger prices by 20%
McDonald's is raising the price of their cheeseburgers for the first time in 14 years.
Centrica announces 500% increase in profit & £59m dividend
Here's the cost of living crisis in a nutshell - rising prices are driven by supply-side factors, but also by the extent to which some companies are making profits.
US Federal Reserve raises interest rates by 0.75%
The US Federal Reserve has announced a sizeable increase in interest rates of 0.75% and a new target interest rate of 2.25% to 2.50%.
IMF predicts UK to be the slowest-growing G7 economy in 2023
The IMF - not always correct - has identified that the UK economy is going to be the slowest growing of all G7 economies in 2023, cutting its previous 1.2% forecast to 0.5%.
Amazon Raises Prime Prices in the UK and Europe
Amazon Prime has announced that from 15 Sept, monthly membership increases from £7.99 to £8.99, and annual membership from £79 to £95.
How regulatory failure has costs UK households money
The Guardian covers the collapse of Avro Energy - and the lack of regulation of the energy company, given the volume of complaints made by consumers.
Unilever is increasing advertising spending to reinforce brand loyalty and thereby reducing price elasticity of demand for their products.
The Extraordinary Toshiba Saga
I'll be using this short FT video when teaching business conglomerates, demergers and the principal agent problem this autumn.
Can the UK government nudge people into using less energy?
Last year, Ovo was criticised for advising customers to cuddle pets, eat porridge and do star jumps to keep warm.
Are CEO salaries out of control?
One of my favourite topics - executive pay - with the cost of living crisis doing nothing to halt the surge in executive pay in both the UK and the US.
What is profit-push inflation?
To what extent is the surge in consumer price inflation partly the result of businesses opting to increase their profit margins?