European Central Bank raises interest rates for the first time in 11 years to zero percent!
The European Central Bank has raised their main monetary policy interest rate by 0.5% - the first increase for eleven years. Rates have risen to 0.0%!
This Economist video looks at how the war in Ukraine is precipitating a global food crisis, with 800m people going to bed hungry every night.
This is a good article to use when evaluating the benefits and costs of government subsidies.
In an egregious example of price fixing, Pfizer and Flynn have been fined £70 million for abusing their dominant positions to overcharge the NHS for a life-saving epilepsy drug.
French government to fully nationalise EDF energy
It's interesting to see how the French government are looking to resolve the issue of energy security.
How co-operative farms can promote regenerative agriculture
Co-operative ownership of farmland in the Netherlands is managing trade-offs between agricultural productivity and environmental objectives, such as maintaining biodiversity.
Quizlet Retrieval Quizzes for A Level Macroeconomics
Here is an updated set of 35 resources for students and teachers of EdExcel Macroeconomics taking exams in 2023
Quizlet Retrieval Quizzes for A Level Microeconomics
Here is an updated set of forty resources for students and teachers of EdExcel Microeconomics taking exams in 2023
Larry Elliott argues here that the next few years are unlikely to see a repeat of the 1920s, with a Fourth Industrial Revolution.
Is the UK economy facing a summer of discontent on pay?
Are we facing a summer of discontent on the back of the cost of living crisis?
The Economist has produced this excellent eight-minute primer on how a rise in interest rates can help to control inflationary pressures.
This is macroeconomic gold dust for new Year 12 economists!
Water as a Commodity - Forward Markets are emerging
In California and Australia investors can now bet on the cost of water.
While many Western economies appear to be slowly recovering from the coronavirus pandemic, China is struggling to do so.
German government offers a cheap travel pass to citizens
This Guardian article looks at the German response to tackle the cost of living crisis by offering a €9 travel pass to its citizens.
Spain uses a windfall tax to make some train journeys free
Here is an interesting example of hypothecated taxation. The Spanish government is using proceeds from a windfall tax to make some train travel free.
The news that the UK has a tech talent shortage isn't a surprise - however, students should immediately be able to see the implications of this for the macroeconomy.
Netflix and Microsoft have teamed up to offer a cheaper version of Netflix, complete with adverts, in an attempt to stem a loss of subscribers.
How the cost of living crisis is widening child poverty
More evidence is emerging this week about the impact of the cost of living crisis on relative poverty among households and across regions
Stagnation Nation - In Work Poverty, Inequality and Fragility in the face of Economic Shocks
A new report “Stagnation Nation” argues that a combination of low productivity & inequality has left average UK households £8800 worse off than people in five comparative countries.