Blog and updates
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20 Nov 2022
Sustainable Growth - Forest conservation in Costa Rica
This clip looks at how Costa Rica has blazed a trail for reforestation, being the only developing economy to reverse deforestation and increase forest cover, and help reduce carbon dioxide in the...
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18 Nov 2022
OBR forecasts a long, shallow recession for the UK
These are tough times for the UK economy - a long, shallow recession is the main forecast at the moment - but there are big risks ahead especially if house prices fall by more than 10% and if the...
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18 Nov 2022
Royal Mail under pressure - will it survive intact?
Royal Mail plc, a business that was fully privatised in 2016 is under severe pressure and there might be some takeover activity in the air.
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18 Nov 2022
Is taxing electric cars a possible government failure?
The government has announced that electric cars will no longer have free road tax from 2025. Owners will pay £165 a year in road tax. Tim Slatter, UK chairman of Ford, has described the move as...
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17 Nov 2022
Business Growth: Lidl's UK Profits Quadruple
Profits at the deep discount supermarket chain Lidl have quadrupled after an ambitious expansion across the UK.
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17 Nov 2022
Currency Economics - Egypt Devalues their Exchange Rate
In this short video we look at some of the possible benefits and costs of the decision by the Egyptian government to devalue their currency against the US dollar.
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16 Nov 2022
Inflation Reaches 11% - A Look Inside Britain's Cost of Living Crisis
This Reuters clip looks at the impact of the cost of living crisis in Burnley, highlighting the fact that inflation differs from place to place, with the Lancashire town the worst off.
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16 Nov 2022
Electric Vehicles - Ford Commits to Insourcing
Wow! What a superb article for your A-level and IB economics. The CEO of Ford is quoted as saying that manufacturing electric vehicles will require 40% less labour – mainly because there are far...
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15 Nov 2022
Are falling job vacancies a sign of recession?
The number of unfilled job vacancies has dropped for the fourth consecutive quarter. Many firms are holding back from hiring new people as they face a severe cost and revenue squeeze. Because job...
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15 Nov 2022
Global Economy - Are we in the New Age of Autarky?
This looks and sounds like superb enrichment listening for Year 13 economists. In a new BBC series, Ben Chu asks why nations are turning away from globalisation and seeking self-sufficiency.
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15 Nov 2022
Japan economy unexpectedly shrinks after yen slide
For once, fantastic timing! My classes have just completed a Data Response question about Japan and will be looking at another which asks about the consequences for an economy of a strong currency.
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14 Nov 2022
Amazon initiates big job cuts - starting with Alexa
Amazon braces itself for slower growth and a possible recession - many other tech companies have initiated thousands of job losses. Now Amazon has followed suit.
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14 Nov 2022
Floating versus Fixed Exchange Rates
We have just added a new revision video to the Economics Reference section on the merits and drawbacks of floating versus fixed exchange rates.
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13 Nov 2022
Ten Years On - Mozambique starts to export liquified natural gas
This is an important growth and development story to keep an eye on as application for your exams. For Mozambique -- one of the world’s poorest nations -- it marks the end of a decade-long wait to...
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11 Nov 2022
Recession Watch - The UK Economy is Shrinking!
Here comes recession! News today that the UK economy shrank between July and September. GDP in the UK fell by 0.6% in September. This was affected by the state funeral for the Queen.
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11 Nov 2022
Why Amazon still needs humans in the robot age
Amazon is one of the modern economy's great innovators, and in this article from BBC news the rise of robots in its warehouses is highlighted - although the company is coy about the effects of...
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11 Nov 2022
Worsening health holds back UK economic growth
The former Chief Economist of the Bank of England, Andy Haldane has claimed that poor health is acting as a drag on economic growth. New data finds that long-term sickness in the UK has risen by...
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10 Nov 2022
Which UK bank makes the highest profits?
Which bank makes the highest profit in the UK? HSBC is the UK’s biggest bank and their profits have benefitted from the recent increase in interest rates. Interest rates have been rising in many...
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8 Nov 2022
Theory of the Firm - Egg farmers get squeezed by higher costs
This is an excellent article for sophisticated cost and revenue analysis - costs of producing eggs have gone up - notably feed and energy costs, and yet the price that supermarkets are paying have...
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