Blog and updates
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27 Nov 2023
Key Update on the UK Economy - December 2023
Join Geoff for a 20 minute overview of the latest changes in the UK economy. Superb application for students ahead of macro mocks! You can also download the chart deck used in the presentation by...
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27 Nov 2023
In the News Teaching Activity – inflation-busting increase in national minimum wage for 2024 (Nov 2023)
The government has announced a significant increase in the national minimum wage rates to take effect from April 2024.
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23 Nov 2023
UK Economy - Surge in Net Migration into the UK
New data on long-term migration shows that immigration in 2023 was 1.2m people with the vast majority coming from outside the European Union. Many are students and people arriving to work in the UK...
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23 Nov 2023
IMF suggests Latin America could develop faster with more international trade openness (Nov 2023)
According to the IMF, Latin America can unlock its economic potential by boosting international trade through improved infrastructure and better development strategies.
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22 Nov 2023
UK Government Raises Minimum Wage by 10%
The UK government has announced a 10 per cent rise in the national living wage to take effect in the Spring of 2024. The pay floor for adult workers will be £11.44 per hour and is likely to...
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21 Nov 2023
Resource and Events Update for Teachers and Students
The Economics Team at tutor2u have been hard at work, so here is quick update on resources and events as the busy month of November passes by with haste!
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20 Nov 2023
In the News Teaching Activity – China’s economy experiences deflation in October (Nov 2023)
While the UK struggles with a cost-of-living crisis and inflation above target, the Chinese price level has started to fall.
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17 Nov 2023
Is the sugar tax cutting teeth extractions among the young?
The first studies of dental health in children after the introduction of the sugar tax reveal that there's been a decline in the number of teeth being extracted in the under-10s. However, before...
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16 Nov 2023
Government Intervention - Price paid for UK offshore power to rise by 66%
I suspect that this is one of the more unusual examples of a minimum price, or a price floor is you prefer, with the government announcing that it is going to raise the guaranteed price that it...
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16 Nov 2023
First Annual Fall in UK House Prices since 2012
The UK housing market has experienced its initial annual decline in prices since 2012.
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16 Nov 2023
UK Economy - What is Causing the Steep Fall in Inflation?
This short video explains three reasons for the steep fall in UK inflation.
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16 Nov 2023
In the News Teaching Activity – Lessons from Scotland’s cap on rent increases (Nov 2023)
Scotland introduced a maximum annual rent rise of 3% in September 2022 to solve the issue of rising rents during the cost-of-living crisis, but the outcomes have not been as beneficial as hoped.
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15 Nov 2023
African Economy - Weak Currencies Drive Up the Cost of Living
The BBC has this excellent background article about the impact of weak currencies on the cost of living. This is a brilliant real world example, with the falling value of the naira driving up...
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14 Nov 2023
Hysteresis - Generation Y bear the scars of the Global Financial Crisis
The Resolution Foundation has published new research indicating that so-called Generation Y adults are worse off than their predecessors, earning less, and struggling to afford property in the UK,...
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14 Nov 2023
Five Charts on the UK Rental Housing Sector
This Guardian article provides a snapshot of the UK rental housing market and thus offers some interesting economic insights into the wider macroeconomy.
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13 Nov 2023
In the News Teaching Activity: British Steel Plans To Decarbonise Plant Putting Jobs at Risk (Nov 2023)
British Steel's shift to electric furnaces risks jobs, sparks concern over UK steel independence, but should help with decarbonisation. Have a go at this free teaching activity, which includes a...
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12 Nov 2023
Externalities - Economics of Nuisance Tourism
This article highlights the negative externalities associated with so-called nuisance tourism in Amsterdam and the effects of a campaign conducted by the city's authorities that has reduced the...
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10 Nov 2023
Contestability - Why Aldi Is a Threat to Supermarkets
The Wall Street Journal has looked at the rise of Aldi in the US, highlighting the ways that the German discounter has become the fastest growing chain.
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