Blog and updates
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3 Nov 2022
UK Interest Rates and House Prices - A Quick Update
Ahead of the latest UK base rate decision, this Guardian editorial is aggressively anti-Bank of England, arguing that any decision to significantly raise interest rates tomorrow is not in the...
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2 Nov 2022
Environmental Economics - How to Stop Deforestation?
This Economist clip looks at the extent to which deforestation has generated negative externalities, the causes and consequences of this, as well as the potential solutions to this, at a time when...
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1 Nov 2022
Monetary Policy - Bank of England starts to reverse QE!
On Tuesday 1st November, the Bank of England became the first central bank among advanced economies to start actively selling off its bond holdings.
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1 Nov 2022
Recession Watch - UK House Prices Fall in October 2022
The average price of a property in the UK has seen the first monthly fall since July 2021. The Nationwide is Britain’s biggest building society and one of the largest mortgage lenders. Their latest...
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1 Nov 2022
Energy Economics - BP makes record profits
Yet more news of supernormal profits in the oil and gas industry. BP has announced a surge in profits making $7 billion in the 3rd quarter of 2022.
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1 Nov 2022
Competition Policy - Mega Publishing Merger is Blocked
Mergers and takeovers are rarely blocked, so this is a good example to add to your Year 13 microeconomics notes on monopoly and competition in markets.
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1 Nov 2022
Contestable Markets - EU Digital Markets Act
The new European Union Digital Markets Act (DMA) is designed to open up messaging and app buying and diminish the market power of tech giants, like Google and Apple, by forcing them to make their...
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31 Oct 2022
Single Currency - Croatia to join the Euro in January 2023
In June 2022, Croatia was given the go-ahead by fellow member nations of the European Union to switch to the single currency from the 1st of January 2023. Croatia stands to become the 20th nation...
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31 Oct 2022
Recession Watch - UK Households Saving More and Borrowing Less
The latest data shows that there was an increase in saving and reduction in borrowing in September, and the macroeconomic implications of this should be self-evident.
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30 Oct 2022
Energy Takeover - Octopus Energy set to takeover Bulb
Octopus Energy are going to takeover Bulb's 1.5 million customers, and remove the need for the latter to be supported by the government.
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29 Oct 2022
Sustainable Business - Crisp makers adopt plastic-free packets
It seems inevitable that we are moving towards a world with increasingly plastic-free packaging, and the crisp market is one which most obviously would benefit from such a move.
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28 Oct 2022
Musk buys Twitter - will he suffer the winners' curse?
Elon Musk has closed the deal to secure Twitter for a reported $44 billion.
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28 Oct 2022
Economics Weekly Quiz | 28 October 2022 Jonny Clark
Welcome back to this new half term! Here's our weekly economics news quiz.
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27 Oct 2022
Fiscal Policy - How Much Could be Raised by a Wealth Tax?
Campaign group, Tax Justice UK, argues that the government could implement five tax reforms, most notably equalising Capital Gains and income tax rates, to reduce levels of tax avoidance, among...
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27 Oct 2022
Shell makes record profits - calls mount for a windfall tax
Shell has announced record profits as the oil giant benefits from high global oil and gas prices which have increased the supernormal profits from their exploration, extraction and refining...
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27 Oct 2022
Luxury Goods - Why are Nordic Blueberries so expensive?
It is a question I have often asked of myself wandering down a supermarket aisle. Why are Nordic Blueberries so expensive? "Nordic blueberries" or bilberries, grow in Nordic forest, and rapid lose...
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27 Oct 2022
Child Poverty - Rising Numbers of UK Children in Workless Households
Progress in reducing the percentage of children living in workless households seems to have been reversed according to newly-released data.
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26 Oct 2022
Comparative Advantage - Taiwan - a Microchip Superpower
BBC Newsnight launched their Newsnight Global programme last night and the special on Taiwan was superb. Within it was a segment from Economics Correspondent Ben Chu on Taiwan's status as - far and...
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26 Oct 2022
Key Stats on the World Economy
When you are studying globalisation, it is handy to have some key stats on the world economy at your fingertips.
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26 Oct 2022
How to reduce the UK's reliance on high house prices
The head of campaign group Positive Money looks here at why the centrality of the housing market to the UK economy results in dysfunctional outcomes, largely because so much of the country's wealth...
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