Blog and updates
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31 Mar 2023
Deindustrialisation in the UK - UK car industry under threat
An established player in the UK car industry has suggested that the UK is on the point of entering the last chance saloon as far as its car industry is concerned.
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31 Mar 2023
Dynamic efficiency and sustainability - Can Pineapple Skins Replace Soap?
Dynamic efficiency in action! Is the future of detergents going to be via enzymes from fermented fruit,? If it is, to what extent will it help overcome the threat of detergent pollution creating...
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31 Mar 2023
World Bank chief calls for hike in funding to help developing world
The outgoing head of the World Bank, David Malpass, has marked his departure by calling for a substantial increase in funding to help developing economies deal with the conjunction of war, the...
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29 Mar 2023
UK set to join Asia-Pacific Trade Bloc
The Financial Times is reporting that the UK is in the final stages of agreeing to join the 11-member Asia-Pacific trade bloc.
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29 Mar 2023
De-merit goods - should the government toughen gambling laws?
I've been looking at demerit goods with my Year 12 classes this week, and we've touched on the negative externalities that are generated by problem gambling. This Rob Davies article is an...
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28 Mar 2023
High inflation and shoe leather costs
Every now and again you get an article that perfectly encapsulates a little bit of economic theory. This is one.
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28 Mar 2023
Economic Development - China spent $240bn on belt and road bailouts from 2008 to 2021
This article looks at the role of China in financing infrastructure projects in the developing world, as part of its Belt and Road programme. What is interesting is the fact that this isn't about...
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27 Mar 2023
Revision Special - What 3 Words for Great Evaluation!
In this short video we walk through three words - all starting with the letter E - that, when used well, can be a powerful ally to students when building evaluation in their economics exam answers!
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27 Mar 2023
UK Economy - Does a rising current account deficit matter?
The UK's external trade accounts are looking quite poorly at the moment. The latest forecast is a current account deficit of over £150 billion in 2023 which would be above 6% of the UK's GDP. To...
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27 Mar 2023
UK Economy - Why is the Trade Deficit Rising so Fast?
The UK economy ran a record trade deficit with the European Union in 2022 and the overall balance of trade in goods and services has worsened considerably in the last couple of years. Our latest...
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26 Mar 2023
Collusion in Oligopoly - Ten construction firms fined total £60m
The Competition and Markets Authority have uncovered evidence of collusion in the construction industry, with a number of firms colluding over 19 contracts between 2013 and 2018, and being fined...
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26 Mar 2023
Externalities - UK farming causes over a quarter of cities’ particle pollution
An interesting perspective on urban pollution is offered by this Guardian article that highlight the problems associated with particulate matter, and remarkably, the extent to which this is...
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25 Mar 2023
Update on the UK Economy for Students Taking A Level Economics in 2023
If you are aiming for a top grade in A Level Economics in 2023, you need to watch this 20 minutes of exam gold!
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23 Mar 2023
Synoptic Exam Questions and Approaches
I have been working with my own students on improving their synoptic skills this week. Two issues we have looked at have been increased government funding for childcare as well as the micro and...
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23 Mar 2023
Externalities - Why Nobody Knows How Much Methane Is Leaking
This Bloomberg clip looks at the notion that natural gas is an environmentally-friendly 'bridge fuel' - however, is this really true?
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22 Mar 2023
Videos on the looming Global Water Crisis
Water is a scarce resource - at the current price, demand for water exceeds supply - and that's perhaps one of the biggest problems, water is often under-priced, if it priced at all, and in many...
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21 Mar 2023
Tesco cuts the value of Clubcard rewards scheme
Here is a lovely example of the high level of competition in the supermarket sector, with Tesco deciding to reduce the value of their Clubcard rewards scheme.
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21 Mar 2023
Kahoot Quiz on the UK Economy in 2023
I've put together a quiz on the UK economy in March 2023 which covers lots of key indicators and charts and much else besides including the new slider-quiz questions that are so popular!
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21 Mar 2023
UK real wage gap grows to £11,000 since 2008
The Resolution Foundation estimate that fifteen years of stagnating wages have left the average worker nearly £11,000 per year worse off compared to what they might have expected had wages...
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21 Mar 2023
Business Ownership - John Lewis considers change to staff-owned structure
The John Lewis Partnership is thinking of changing its much vaunted staff-ownership model. The potential plan, apparently the brainchild of the Chair, Dame Sharon White, is to seek funding for a...
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