Export Bans - Indonesia and Zimbabwe introduced new export restrictions
Two good examples for your Theme 4 macro notes! A growing number of countries rich in natural resources that the rest of the world needs are introducing export restrictions of raw, unprocessed...
A Grocery supplier, Proctor & Associates, is taking Lidl to court, alleging that the latter has systemically destroyed its business, using its monopsony power to poach its suppliers, or using...
How a worker exodus is hitting growth in the UK
The House of Lords Economic Affairs Committee have published a report looking at the state of the UK economy, noting that the loss of half a million workers from the UK economy poses an existential...
Call for wealth tax as number of UK billionaires jumps 20% since 2020
Another call for a wealth tax, with the Equality Trust noting that the number of billionaires in the UK has increased by 20% since the start of the coronavirus pandemic, as a result of government...
UK bus price cap scheme is extended
The government are introducing and funding a price cap - limiting the cost of bus journeys in certain locations to £2 per single journey. The cap will run from January 1 to March 31. This means...
Potholes ahead for UK car dealers?
Here is an example of change in action with an article looking at the future for car dealerships, suggesting that new models of buying cars and the banning of new petrol and diesel car sales from...
Is cyclical unemployment starting to rise in the UK economy?
Students need to have a clear understanding of the different types and causes of unemployment. Cyclical (or demand-deficient) unemployment is one of them. In this short revision video, we look at...
Explaining the difference between Disinflation and Deflation
Fears of price deflation now seem a distant memory with CPI inflation in the UK economy climbing to 11% during 2022. Students often confuse disinflation with deflation, so we have produced a quick...
Are higher wages to blame for fast rising prices?
Phillip Inman writes in the Observer about the notion being put about by the Chancellor and the Bank of England, arguing that wage settlements are in danger of sustaining inflation. But how true is...
Exporting waste - Thailand Is Tired of Recycling Your Trash
If you believe in free trade you might think that it seems reasonable to have developed economies exporting their waste to developing economies, notably in South East Asia.
Non-price competition - does it matter where beer is brewed?
This article about the nature of global brewing, and the production of 'foreign' beer in the UK, for the British market. Does it really matter where a beer is brewed?
Monetary Policy - UK base interest rates climb to 3.5%
Borrowing costs have risen again, by the forecast 0.5%, to 3.5% - the highest level for 14 years (i.e. since the 2008 global financial crisis). Inflation is still 10.7%, still nearly 9% above the...
Did you know that Scotland has a different income tax system to the rest of the UK? You do now, if only because Deputy First Minister, John Swinney, announced tax changes in his Budget today. The...
Rising inflation hits living standards for India's middle class
Proof here that inflation is not just a developed world phenomenon: it's a global issue, not least in South Asia, not least in Sri Lanka as a result of the financial crisis, and here in India,...
Development Economics - How Much is the Cost of Corruption?
This World Bank clip looks at the costs of corruption to developmental objectives - and the insidious nature of corruption in developing economies: eroding social capital, reducing trust in public...
New Zealand legislates to ban cigarettes for future generations
This is a really interesting story about New Zealand's latest move to eradicate smoking with the government passing legislation to ban smoking by gradually raising the minimum age at which you can...
Has UK inflation peaked?
Are we close to peak inflation in the UK and an easing of the pain of fast-rising prices? UK consumer price inflation eased to an annual rate of 10.7% in November, down from 11.1% in October and...
Planetary Boundaries: What are they and why shouldn't we cross them?
Here is a short but important primer from the Financial Times on Planetary Boundaries and their significance for sustainable growth. It could be used as a excellent bridging video when teaching and...
Is the UK heading for a 1970s-style Winter of Discontent?
Strike action is on the rise but how close are we to the industrial strife commonplace during the 1970s?
Are we reaching a turning point for inflation?
The latest data shows that US inflation is falling - with the rate for November dropping to 7.1%, from 7.7% in October. This is clearly good news - it suggests that the worst effects of the...