Blog and updates
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17 Feb 2023
Nestle to raise prices (again)
Some excellent revision material here for Year 13 Economics students; Nestle have announced that continued cost rises mean that they are going to have to increase prices again.
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16 Feb 2023
Should home insulation in the UK be subsidised?
Improving the energy efficiency of the UK’s ageing housing stock has become increasingly important considering increasing energy prices - how strong is the case for government financial support to...
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16 Feb 2023
McDonald's Raises Prices Again
The decision by McDonald's to raise prices on five core menu items brings into play many aspects of business economics such as the likely PED, the effect of rising costs, food price inflation, the...
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14 Feb 2023
Brexit has dealt a blow to UK investment according to MPC member
One of the external members of the Monetary Policy Committee, Jonathan Haskel, has estimated that Brexit has effectively imposed a productivity penalty equivalent to £29 billion on the UK economy....
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13 Feb 2023
Social Capital and Resource Management - Reforestation in Nepal
A half term hat tip to Prairna Sharma for spotting this timely article from Eric Solheim lauding Nepal for their success in increasing forest cover. This is a great example of Elinor Ostrom's work...
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13 Feb 2023
The UK Hand Car Wash Market
You'll find plenty of hand car wash businesses dotted around the towns and cities of the UK. The hand car wash industry has come under increasing criticism in recent years both in terms of...
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13 Feb 2023
Why are the oil giants making such big (supernormal) profits?
This BBC article looks at the profits being made by the big oil companies and attempts to explain them.
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13 Feb 2023
Market Power - OFCOM investigates mobile phone and broadband suppliers over pricing
OFCOM have decided to investigate mobile phone and broadband suppliers who introduce price increases mid-contract.
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12 Feb 2023
Interest Rates and Aggregate Demand and Supply
With central banks in many countries including the UK and the USA raising policy interest rates, we have added two short topic videos to our reference section on how increased interest rates might...
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12 Feb 2023
Rocket and Feather Pricing - Britain’s biggest gas supplier accused of ‘profiteering’
Norwegian state-owned energy firm, Equinor is accused of following 'rocket and feather' pricing and exploiting consumers. As a result, it posted annual earnings of £62bn and is intending to hand...
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12 Feb 2023
Economies of Scale - How One Domino's Factory Makes 750,000 Dough Balls A Week
This clip highlights the adoption of new technology in the pizza industry, looking at how Domino's have automated production, lowering their costs, and changing the nature of work in the sector. A...
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11 Feb 2023
Externalities and Market Failure - Councils urged to keep vapes out of sight of children
This news story from the health section of BBC News offers a terrific opportunity to A level economists and teachers to open up the economic analysis and policy toolbox to address an important...
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11 Feb 2023
UK Economy - Calls for the UK Government to increase funding for free childcare
How about this for a synoptic exam question? Assess the possible microeconomic and macroeconomic effects of the UK government increasing spending to fund subsidies for free childcare for infants.
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11 Feb 2023
UK Economy - Business leaders must innovate again
Here is a Larry Elliott article that should be essential reading for everyone taking a post-16 examination this summer about the importance of productivity to helping the British economy out of its...
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11 Feb 2023
Sustainable Development - World Bank Videos on Sustainable Fishing
The World Bank has posted a number of videos looking at different examples of over-fishing, and the policy solutions developed in response. It is a veritable treasure trove of material relating to...
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10 Feb 2023
Tim Harford - Understand The Economy (BBC Radio)
Understand the Economy is presented by Tim Harford (Economics author aka 'The Undercover Economist' & FT Weekend Magazine Economics writer). So far there have been 15 episodes (each one 15...
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8 Feb 2023
Economic Update - Developments in the UK Economy (Feb 2023)
In the latest of our regular updates on the UK, we bring you up to speed to what is happening with growth, inflation, jobs and interest rates. The Bank of England is now forecasting a shallower...
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7 Feb 2023
Is the Bank of England set to issue a digital pound?
A truly fascinating headline in the Financial Times today! The UK Treasury and Bank of England are launching a consultation on plans to design a “digital pound” that could supplant banknotes by...
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