Blog and updates
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1 Feb 2023
Global Turbulence Persists - IMF World Economic Outlook Update, January 2023
On the day that the IMF publishes its updated growth forecasts for individual economies as well as the global economy, they also publish this. A snapshot of global economic health: highlighting...
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1 Feb 2023
Why is Ryanair so profitable?
Ryanair has grown rapidly to become one of Europe's largest passenger airlines. In this short study video we look at some of the factors that help explain the rapid expansion of revenues and (until...
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31 Jan 2023
UK Economy - Are there 3 million hidden unemployed?
Research by the think-tank Centre for Cities suggests that official unemployment figures understate the number of people who are unemployed and a distinct North-South divide in the data.
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31 Jan 2023
Dynamic Efficiency - Emirates Tests Sustainable Aviation Fuel
Emirates have run a test flight with one engine powered entirely by sustainable aviation fuel, as part of its commitment to developing greener fuels.
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31 Jan 2023
UK economy to fare worse than any developed economy in 2023 IMF forecasts
Some gloomy macro news for the UK today. The IMF has upgraded its forecasts for the global economy; UK is now only leading economy expected to contract in 2023.
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31 Jan 2023
Government Failure - Indian Alcohol Ban Drives Unregulated Liquor
Proof that banning goods that produce negative externalities is rarely constructive.
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30 Jan 2023
Economic inactivity - 1.6m UK adults over 50 unable to work
More here on the decline in the British labour force, and its macroeconomic implications. There has been a near 300,000 increase in the over-50s not working - so how are the government going to...
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30 Jan 2023
Give Directly - Unconditional Cash Transfers to Lift Human Capital
I used this short video clip from Give Directly when discussing pro-poor development strategies and measures designed to overcome the savings-investment gap.
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29 Jan 2023
How is Tesco so profitable?
In our new study video we look at some of the reasons why the UK retailer Tesco makes consistently high profits.
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28 Jan 2023
Forward Vertical Integration: Wholesaler Bestway takes stake in Sainsbury's
Is more change afoot for the UK retail grocery sector?
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28 Jan 2023
Flybe Collapses and WizzAir Posts Strong Profits - A Tale of Two Airlines
For the second time in recent years, FlyBe has gone into administration and ceased trading. In contrast, the low-cost carrier Wizz Air seems to be thriving and has posted over Euro 30 million in...
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28 Jan 2023
Circular Economy - How recycled polyfloss keeps refuge shelters warm
Here is a lovely example of the circular economy with the use of waste plastics to construct a polyfloss plastic that can serve as insulation to keep the most basic refuge shelters warm.
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27 Jan 2023
UK car production collapses to lowest for 66 years
Wow! 2021 was a bad year for UK car production and 2022 has proved to be even worse!
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27 Jan 2023
Sunk Costs - HS2 may not run through to central London
The ill-fated HS2 might be on the point of another blow - with rumours that the London end of the line might not be destined for central London but may stop in Ealing - in the suburbs.
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27 Jan 2023
Is carbon offsetting a model with dangerous flaws?
There's nothing more painful than watching closely held opinions being challenged. But this Guardian article suggests that the carbon offsetting market is fundamentally flawed. Who would have...
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26 Jan 2023
Is the UK government planning to raise the pension age (again)?
The UK state pension age may rise to 68 in 2030s according to reports. Teachers of a certain age might want to look away now!
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26 Jan 2023
Economic Growth and Development - Vehicle Manufacturing in Rwanda
Rwanda would be one of my choices of developing countries to study ahead of the 2023 Economics papers. James Hall (Reuters) reports below that auto production in Rwanda is expanding rapidly. By...
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26 Jan 2023
New Post-Brexit Farm Subsidy System Revealed
If you are teaching or studying the economics of subsidy, then details of the new arrangements for farm subsidies in the UK in a post-Brexit environment might be worth checking.
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26 Jan 2023
Is Levelling Up more than just a catchy slogan?
The metropolitan mayor of Greater Manchester, Andy Burnham writes here in the Guardian about the prospects for levelling up, noting that Germany has actually done a remarkable job of levelling up...
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