Blog and updates
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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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21 Mar 2023
Why do Banks Fail?
In this short video, we explore some of the reasons behind the failure of banks such as Silicon Valley Bank, Credit Suisse, Northern Rock and Lehman Bros.
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20 Mar 2023
2023 Budget - A Budget for the Rich?
The distributional effects of the 2023 Budget have been raked through a fair bit, and the same theme emerges. It seems to disproportionately benefit the wealthy, not least in the changes to taxing...
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20 Mar 2023
2023 Banking Crisis - Have cyber Flash-mobs contributed to the crisis?
Has the spread of social media and the virality of the speed at which communication happens today contributed to the 2023 banking crisis? have cyber flash-mobs helped create the problem afflicting...
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20 Mar 2023
2023 Banking Crisis - Credit Suisse rescued by Swiss rival UBS
Here are details of the emergency and rushed rescue of Credit Suisse by its Swiss rival UBS. The Swiss have taken pre-emptive action to prevent the collapse of Credit Suisse, with banking giant UBS...
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19 Mar 2023
Germany gives green light to Euro49 a month season ticket
Those pesky Germans, always innovating, in this case looking to introduce a monthly ticket for local public transport, for 49 euros per month, looking to capitalise on the success of the 9 euros...
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19 Mar 2023
New Application Videos on Business Economics
Continuing the theme of the importance of application in exam questions - some exam boards do include the phrase "using an industry of your choice" in their papers - I have added some more short...
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18 Mar 2023
New Application Videos on Globalisation
"Give Me Three" is one of my go-to revision activities when covering any topic on the micro or macro spec. If students can articulate three causes, consequences or policies and support them with...
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18 Mar 2023
Vertical Integration - Volkswagen invests in mines to secure battery supply
An interesting example of backward vertical integration for you, with VW announcing plans to invest in mines to provide the raw materials required to produce electric batteries.
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17 Mar 2023
What has happened to pay in the UK?
In the current environment, with many people striking, the BBC looks at the issue of what has happened to average earnings and highlights the fact that real pay has failed to keep up with average...
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