Category
In the News
Consumer Subsidies - Heat pump grant boosted by 50%
Here is an example of a subsidy in action, although you might also use this article to reflect upon price elasticity of demand. Today the government are increasing the subsidy for the installation...
UK's Real Living Wage Rises to £12 per hour
The Real Living Wage - a voluntary commitment by firms - is rising to £12 per hour today (£!3.15 in London) , a rise of 10%.So far this covers 14,000 employers and 460,000 workers, so why do firms...
Has baby boomer spending kept inflation high in the UK?
This is a fascinating article, highlighting a potential reason why inflation is staying high: high levels of expenditure from baby boomers who've benefitted from economic circumstances.
Meet Digit - Amazon's Customer Fulfilment Robot
Amazon has been a pioneer in implementing automation. They have stated that the goal is not to replace employees but to improve efficiency. The arrival of Digit in fulfilment warehouses reported...
Economics Weekly Quiz | 20 October 2023
Here's this week's economics news quiz.
Economics Weekly Quiz | 13 October 2023
Here's this week's economics news quiz.
Effects and Responses to the Great Pacific Garbage Patch
This lengthy Economist clip looks at the extent to which plastic waste, including the Great Pacific Garbage Patch as it is called, poses a threat to the environment, and, as a consequence, the...
Debt burdens threaten progress in cutting absolute poverty
The incoming head of the World Bank, Ajay Banga, has spoken out about the extent to which the debt burdens of developing economies impinge upon their developmental prospects. He argues that unless...
Claudia Goldin wins the 2023 Economics Nobel
To widespread acclaim, Claudia Goldin has been awarded the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel “for having advanced our understanding of women’s labour...
Drag on Incomes from Fiscal Drag equivalent to a 5% tax rise
Another outing for the concept of fiscal drag, with the Resolution Foundation quantifying the effects of freezing income tax thresholds, noting that as a result, by 2028 the Treasury can expect to...
Liverpool is going to follow Manchester's lead, reverse deregulation of buses, and bring them back under public control, via franchising.
Economic and Financial Crisis Deepens in Ghana
Ghana's economy has been struggling in recent years due to a combination of factors, including high inflation, a depreciating currency, and rising debt levels. As a result, many people in Ghana are...
$106,000 for the car purchase rights in Singapore
This is a fantastic real world example of the use of market to try to correct a market failure, with the certificate of entitlement required to purchase a family car having risen to $146,002...
Economics Weekly Quiz | 06 October 2023
Here's this week's economics news quiz.
Are Nigeria's economic reforms failing?
This Reuters clip looks at the reforms associated with President Bola Tinubu have stalled - the relaxation of foreign exchange controls has seen the naira depreciate, a widening of the official and...
Who should pay to clean up the UK's rivers?
It will be interesting to see what OFWAT makes of the business plans of the UK's water companies this week, and, as a result, the extent to which they are able to pass the costs of infrastructure...
Economics Weekly Quiz | 29 September 2023
Here's this week's economics news quiz.
UK Economy - A Selection of Articles
Lots of comment and analysis pieces on the UK economy have been published in the last few days. Here is a selection.
The BEE Network - Manchester's Buses are Renationalised
Greater Manchester has taken the bus network back into public ownership. Services on the BEE network will be franchised to private companies to run but the local authority will set the fares,...
Economics Weekly Quiz | 22 September 2023
Here's this week's economics news quiz.