Economics CPD Courses

Economics CPD Courses Coming up this Term!- Book Your Places Now!

WOW! Economics 2015   |   Quantitative Methods (New Spec)

Economics Resources Popular resources on the {my channel} blogPopular resources on the {my channel} blog Economics revision quizzes Resource tags for the blog RSS Feed for the blog Twitter feed for this blog Teacher Email Resource Newsletter Category listing for this blog Economics Blog home page Economics Blog Home Page

Tracker Pixel for Entry

Evaluating UK economic performance

Friday, March 15, 2013
Print Tweet This!Save to Favorites

Robert Peston has an interesting piece on his BBC blog, considering what the UK's GDP growth would look like if it was possible to extract what he calls the 'bad bits' - financial services and North Sea oil and gas extraction - both of which are in serious decline. He suggests that we have been too dependent on these two sectors, and that both are now in serious decline. In particular, that the global financial services industry is now protecting itself by becoming much more national and less internationally interconnected, so that the City - as the world's most open and global financial centre - has therefore suffered.

By looking at figures from the Treasury for Gross Value Added as a measure of economic output, and excluding energy extraction and use, and also financial and insurance activities, he has calculated that GVA would be only 0.7 of a percentage point below its 2008 peak - compared with the GDP figure which is 3% below. This is better than the equivalent figures from the Eurozone as a whole, and than most of the european countries - even Germany would be only slightly better at 0.9 of a percentage point. Which would suggest that our manufacturing and non-financial services are doing relatively well, and that the 'bad bits' are powerful headwinds acting as a brake on recovery.

He adds some comment as to the policy flexibility that the UK has to help it to achieve this - as he puts it, "a currency, sterling, that could and has fallen to reflect weak conditions here, and a central bank able to price money and create money to meet the UK's challenges." Perhaps this is data that we could use to add to evaluation in questions about monetary policy?

Economics CPD Courses in June 2014

Economics CPD Courses in June 2014 - Book Your Places Now!

ETNC 2014   | New to AS & A2 Economics | WOW! Economics 2014

tutor2u online store

PowerPoint Lesson Activities Teacher Conferences & CPD Courses
Exam Coaching & Revision Workshops Pre-release Case Study Toolkits
A Level Economics Teaching Support Resources for Business Studies
Digital Magazines  

Enter your Email

WOW! Economics 2015

Dates and Locations announced for WOW! Economics 2015

AS, A2 & IB Economics Revision Notes

Latest resources

Resource categories Blog RSS feed Blog RSS Feed

© Copyright Tutor2u Limited 2013 All Rights Reserved