Blog and updates
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8 Nov 2022
What are Britain's Best Paid Jobs?
Which occupations in the UK pay the highest median hourly wage rates?
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8 Nov 2022
What are Britain's Lowest Paid jobs?
What are the lowest paid jobs in the UK labour market? Low pay is a big issue especially during a cost-of-living crisis. Millions in the UK live in families where one or more people are in...
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8 Nov 2022
Business Growth - Foxconn invest in electric truck manufacturer
iPhone maker Foxconn is investing in loss-making electric truck manufacturer Lordstown Motors, buying an 18% stake in the company for $170m.
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8 Nov 2022
Adapting to Climate Change Across East Asia and the Pacific
This World Bank clip looks at the implications of climate change for East Asia and the Pacific, and their ability to adapt to the challenges that it poses and, hopefully, overcome them.
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8 Nov 2022
Steel and Planes - Should the UK government subsidise the transition to green energy?
I'll be moving onto government intervention soon in my Year 12 microeconomics. So these two stories on lobbying for government subsidy caught my eye as potential mini case studies for student...
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8 Nov 2022
Labour Market Rewards - FTSE-100 CEO Pay climbs 23% this year
Are we truly all in this together? The Guardian reports that FTSE 100 chief executives’ pay soared to £3.9mn — an average rise of 23% this year, according to research from PwC.
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4 Nov 2022
Nuclear Energy - Sizewell C new nuclear plant under review
The inter-linked nature of policymaking is demonstrated here - the original imperative, to reduce public spending, might see the government delay or halt the building of a new power station at...
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4 Nov 2022
Subsidies - Row over Germany’s public transport ticket jumping from €9 to €49
The state subsidising public transport in Germany has become a live political issue after the federal government announced a new monthly ticket for 49 euros.
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3 Nov 2022
Understand The Economy with Tim Harford
Tim Harford is back with a new series that seems beautifully pitched for introductory economics. From inflation to GDP, from the stock exchange to bonds, Tim Harford goes back to basics to explain...
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3 Nov 2022
Biggest Rise in UK Interest Rates for 33 Years!
The Bank of England has raised UK policy interest rates by 0.75 percentage points to 3 per cent. This is the single biggest rate increase in more than three decades. The Bank of England chief...
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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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