In the News

Purchasing Power - How UK prices compare to five EU countries

Graham Watson

9th June 2023

This BBC article compares the price of basic items in supermarkets, trying to see how British prices compare with those on the continent. It highlights the facts that some goods are more expensive and others less expensive. The interesting thing is in drilling down into why this is the case.

Brexit would be too convenient a cause - however, it is clearly the case that it will play some part in this. However, the article makes it clear that individual market conditions are the most important factor, notably the level of competition and the extent to which the goods are imported.

Changing shopping habits

How have shopping habits changed during the cost of living crisis? This BBC article looks at five trends that have emerged: we shop less often but spend more; we're now shopping online to a lesser extent; there's a switch to own brand goods; the discounters - Aldi and Lidl - are gaining market share; people are looking for discounts via loyalty schemes.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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