Category
In the News
Monopsony Power - Supermarket giants hit farmers who want early payment with hefty fees
It seems that Australian supermarket giants, Coles and Woolworths, are exploiting a monopsony position to levy rebate charges on farmers who want early payment for their produce, raising concerns...
Uber makes first annual operating profit
This is a seismic event: Uber has, at last turned a profit. Last year's $1.8 billion operating loss has become a $1.1 billion operating profit after 14 years in operation since it was founded in...
Externalities - Dealing with the Mountain of Waste on Everest
This Business Insider clip looks at the negative externalities of waste on Mount Everest, where there's a massive issue, which is difficult to tackle at high altitudes. It looks at how one...
World's first year-long breach of key 1.5C warming limit
The EU's Climate Service has highlighted the fact that the 2015 pledge to limit long-term temperature increases to 1.5C above pre-industrial levels is already under threat and that there's need for...
Economics Weekly Quiz | 09 February 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
Sainsbury’s reveals plans to use more robots
The robots are coming! This article highlights how Sainsbury's are contemplating job cuts, and substituting capital in favour of labour, by increasing the number of automated tills, warehouse...
Is ill-health holding back the UK economy?
The 5th of February is apparently the day that's become known as "national sickie day" but the Guardia have used it to flag up the increased rate of long-term sickness that appears to be holding...
Scotland to raise the minimum alcohol price by 30%
Has Scotland's minimum alcohol pricing policy worked? The minimum price of alcohol in Scotland is set to rise by 30% to 65p per unit, making a bottle of whisky at least £18.20 in an attempt to...
Paris Votes to Triple Car Parking Charges for SUVs
An extra intervention to address the externalties from traffic congestion. Citizens in Paris have voted to triple car parking charges for SUVs and it will be interesting to see the impact on demand.
Economics News Shorts (28 January -2 February 2024)
Here are the links to our Economics in the News shorts for this week.
Economics Weekly Quiz | 02 February 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
Disposable vapes to be banned for children's health
The government are going to legislate to ban disposable vapes, seemingly on the grounds that they are largely responsible for a rise in children vaping. However, is this good economics? Do bans...
Post-Brexit Trade Deals - State of Play for the UK
The Guardian summarises the state of play regarding the UK's trading relationships, and those trade deals that have been agreed and those that remain to be agreed.
Economics News Shorts (20-27 January 2024)
Each day, we are adding short videos on economics and business in the news. Here are the links for this week:
Business News: Microsoft to cut 10% of jobs in their gaming division
Microsoft is said to be laying off 1,900 workers, or nearly 9% of its gaming division after closing its $69 billion acquisition of "Call of Duty" maker Activision Blizzard. Job losses following...
Why is car insurance becoming so expensive?
The cost of car insurance in the UK is soaring. Average comprehensive cover is now over £560– a third more than the same time in 2022, according to the Association of British Insurers. This short...
Economics Weekly Quiz | 26 January 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
New Brexit Rules Set to Increase UK Food Prices
One of the costs of the UK leaving the EU single market will become glaringly apparent in the weeks and months ahead. New post-Brexit border rules are predicted to push up the cost of importing...
tutor2u launch The Outlet
tutor2u has been around for a while now. And some of our resources have reached that point where, having done their duty in the classroom, they've been replaced by newer versions! Not to worry...
Are tax cuts the best way of stimulating economic growth?
With the news that the Chancellor is contemplating pre-election tax cuts, Will Hutton's Observer piece here looks at whether this is the best way of boosting economic growth.