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In the News
Evidence here of the importance of a sound currency to a successful economy comes from Zimbabwe where the introduction of a new local currency has caused a degree of chaos.
Economics Weekly Quiz | 03 May 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
New post-Brexit customs checks have come into force, and represent yet another cost of Brexit. Higher prices and less consumer choice, exactly what Leave voters chose. Proof that turkeys sometimes...
A Médecins Sans Frontières clinical trial to develop a treatment for drug-resistant tuberculosis cost less than £30m, leading some to question the cost of such trials for pharmaceutical companies -...
Venice introduces peak-time tourist tax for access to the city
Venice becomes first city to charge tourist entry fee. Day-trippers are now required to pay €5 for access. It's purpose is to internalise the negative externalities arising from over-tourism, which...
Economics Weekly Quiz | 26 April 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
How robots are taking over warehouse work
Here is an article that highlights innovation in retail, with the increased automation highlighting that capital and labour are substitutes in some senses, but also complements in others, in that...
Surge in Chinese FDI into the Mexican Economy
This BBC article looks at the rapid growth of Chinese FDI into Mexico which - in part - is being driven by Chinese manufacturing firms wanting to by-pass US import tariffs and trade sanctions. It...
Economics Weekly Quiz | 19 April 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
SuperDry may quit the London Stock Exchange in rescue plan
Business economics gold dust! SuperDry - the pseudo-Japanese, but actually founded in Cheltenham fashion company - is thinking of leaving the London Stock Exchange - and in doing so converting from...
Tesla announces a 10% cut in their workforce
Tesla has announced 14,000 redundancies, arguing that it needs to reduce costs to remain competitive in a sector where Chinese companies are increasingly significant players.
Thames Water has six weeks to complete a s survival plan
The fate of Thames Water hangs in the balance, with the company on the brink of bankruptcy, it seems. It also looks likely to be the case that any restructuring of the company is not going to be...
Economics Weekly Quiz | 12 April 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
This is a fascinating article about how nail technicians are responding to the rising cost of living by collaborating to increase the price that they charge. Many of them appear to be earning under...
Thames Water - Nearing Collapse?
The fate of Thames Water hangs in the balance with its parent company, Kemble, having announced that they are going to default on the interest payment on a loan on Monday and will be unable to...
On 1 April 2024, the UK's National Minimum Wage (to apply to workers aged 21 and over) rises by 9.8% to £11.44 per hour. Torsten Bell at the Resolution Foundation has called the introduction of the...
Daniel Kahneman, the Israeli-American Nobel-Prize winning psychologist and economist, has passed away at the age of 90. His work has transformed our understanding of human behaviour and, from a...
The Resolution Foundation has released a study to mark the 25th anniversary of the National Minimum Wage - now called the National Living Wage - and concludes that it's one of the most successful...
Nissan has announced that, in the face of intense Chinese competition, they are going to reduce the cost of manufacturing electric cars by 30%. They think that greater concentration on EVs, battery...
Legoland to trial Surge Pricing
You wait a while for one example of surge pricing to come along, and like London buses, along comes a second too. This time, it's tourist attraction owner Merlin Entertainment is planning to adopt...
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