Blog and updates
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6 Jan 2023
Sticky Prices in Retail Fuel - What Goes Up Doesn't Always Come Down!
The petrol sector is under fire for proving Keynes right about sticky prices. Although petrol and diesel prices are falling, according to the RAC they're not falling fast enough. Wholesale prices...
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5 Jan 2023
Economics Content Update (Jan 2023)
Every best wish for the year ahead, we hope that you have a happy and successful 2023. Here is a quick Economics resource update.
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4 Jan 2023
Economics and Business News Quiz of the Year 2022
I've put together a twenty question quiz on some of the big Economics and Business news stories of 2022. Have a go!
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3 Jan 2023
30% rise in public electric car charging points in the UK in 2022
There's been a 30% increase in the number of public charging points that have been installed in the UK during 2022, bringing the total to 37,000. Remarkably, this is in line with the target of...
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3 Jan 2023
Patterns of Demand - WFH takes shine off Kiwi polish
When was the last time you polished your shoes? Changing work patterns and the rise of casual clothing and footwear means that the days of Kiwi shoe polish are numbered.
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2 Jan 2023
Norway faces debate about gas and oil wealth
The Norwegians with a very Scandinavian problem: rising energy prices have seen the country benefit from increase oil and gas revenues, to the tune of around 133 billion euros, or around 20,000...
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30 Dec 2022
Working Poverty, Monopsony Power and the Informal Labour Market
Here is an important applied example of monopsony power and working poverty. There are an estimated 5,000 hand cash-washes in the UK and new research from Nottingham Trent University finds that the...
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30 Dec 2022
Trouble ahead for the UK Economy
Some great applied macro from the Guardian and BBC news in recent days. Here is a selection of articles to enjoy as we head into what promises to be a tough New Year on many fronts. The article...
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28 Dec 2022
Regulated rail fares to rise 6% - potentially pricing many off services
The annual uprating of rail fares is always controversial, if only because since 2010, rail fares have gone up by 58%, or twice as fast as wages.
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28 Dec 2022
Externalities and Market Failure - The Toxic Legacy of 3M's 'Forever Chemicals'
Chemical giant 3M has announced that it is going to stop the manufacture of so-called forever chemicals. However, the damage may already have been done.
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27 Dec 2022
Business Economics: $1 Million Per Day To Run a Cruise Ship
This is a super-interesting clip for business economics students: it costs $1million per day to run Royal Caribbean's Symphony of the Sea, a boat with 6,000 passengers per week, with a crew of...
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27 Dec 2022
Four Reasons to Expect Falling Inflation during 2023
2022 was a year when the rate of consumer price inflation accelerated sharply rising to 11% in November. As Chris Giles noted in a recent FT opinion piece, “a generation has had to worry about a...
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26 Dec 2022
Four Reasons to Expect Falling House Prices in 2023
The UK housing market has defied economic gravity for many years now, but 2023 is likely to be a period when average property prices drop. In this short video, I explore four reasons to expect a...
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24 Dec 2022
Human Development Index - 2022 Update
The data for the 2022 Human Development Index is now available and Switzerland has overtaken Norway to claim top spot in this composite indicator of development. However, for the second year in a...
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21 Dec 2022
Export Bans - Indonesia and Zimbabwe introduced new export restrictions
Two good examples for your Theme 4 macro notes! A growing number of countries rich in natural resources that the rest of the world needs are introducing export restrictions of raw, unprocessed...
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21 Dec 2022
Grocery supplier accuses Lidl of using monopsony power to destroy their business
A Grocery supplier, Proctor & Associates, is taking Lidl to court, alleging that the latter has systemically destroyed its business, using its monopsony power to poach its suppliers, or using...
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20 Dec 2022
How a worker exodus is hitting growth in the UK
The House of Lords Economic Affairs Committee have published a report looking at the state of the UK economy, noting that the loss of half a million workers from the UK economy poses an existential...
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19 Dec 2022
Call for wealth tax as number of UK billionaires jumps 20% since 2020
Another call for a wealth tax, with the Equality Trust noting that the number of billionaires in the UK has increased by 20% since the start of the coronavirus pandemic, as a result of government...
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19 Dec 2022
UK bus price cap scheme is extended
The government are introducing and funding a price cap - limiting the cost of bus journeys in certain locations to £2 per single journey. The cap will run from January 1 to March 31. This means...
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