Blog and updates
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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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17 Mar 2023
High Gas Prices - Effects on Businesses and the UK Economy
In this video we look at how high gas prices can impact businesses and also affect some of the key UK macroeconomic objectives. We also work through how to show this using an AS-AD diagram in case...
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16 Mar 2023
2023 Banking Crisis - What is Happening at Credit Suisse?
The Credit Suisse situation is an interesting one, with the Swiss government offering a sizeable loan of £44bn from the Swiss central bank. So are we on the brink of a financial crisis? Definitely...
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16 Mar 2023
Budget 2023 Reflections - Focus on the Supply-Side
We are bringing together reflections on the UK's 2023 Spring Budget in this blog. It was essentially a budget focusing on trying to reinvigorate economic growth on the supply side. Faster...
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15 Mar 2023
Budget 2023: Starter Powerpoint Activity
Here's a 5 minute Powerpoint activity to test students on today's budget announcement from Jeremy Hunt.
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15 Mar 2023
Kahoot Quiz on Growth and Development
Motivated by several requests from students, I have produced a chunky Kahoot quiz covering economic growth and development that I hope other teachers and students might find useful. The new...
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14 Mar 2023
Business Economics - Chippies and Hair Salons Hit Hard by Cost of Living Crisis
The Local Data Company are reporting that the extent to which the cost of living crisis is affecting different types of retailer varies, with fish and chip shops and hair salons among the worst...
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14 Mar 2023
The Gig Economy - US court rules Uber and Lyft workers are contractors
News from the USA, where the California appeals court has ruled that Uber and Lyft can continue to treat their workers as self-employed contractors rather than employees. It's significant for the...
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13 Mar 2023
CPI Basket Changes for 2023 are Announced
The annual ONS change to the consumption bundle has been announced today, with the usual raft of movements into and out of the bundle in line with consumer shopping habits.
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