Blog and updates
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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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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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