Blog and updates
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24 Sept 2022
Why the fall in sterling keeps petrol pump prices high
You might be forgiven for wondering why there's been a lot of talk about the depreciation of the pound this week. Well, here's a great example.
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23 Sept 2022
The Mini Budget - A Chancellor Risking Financial Instability
In more than thirty-five years of teaching economics, I have never encountered anything quite like what was announced by the new Chancellor today in his so-called "mini-budget".
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23 Sept 2022
Economics Weekly Quiz | 23 September 2022
Here's our weekly economics news quiz. Unsurprisingly, there's a few questions on Kwasi Kwarteng's mini-budget!
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23 Sept 2022
2nd pay rise in a year lifts Lidl to highest-paying supermarket
This is an interesting look at the competition for labour in the supermarket industry with Lidl offering its workers a second pay rise this year, making it the best paying UK supermarket.
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22 Sept 2022
Bank of England raises interest rates to 2.25% - highest level for 14 years
By a majority of five to four, the Monetary Policy Committee of the Bank of England has decided to raise interest rates to 2.25% - a 0.5% rise - to the highest level in 14 years.
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22 Sept 2022
Competition Policy - Ofcom to investigate tech giants’ dominance of cloud computing
OFCOM are going to look into whether the market for cloud computing services is seeing the abuse of a dominant position by three tech giants, namely Amazon, Microsoft and Google.
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21 Sept 2022
Energy Crisis - Germany nationalises energy giant Uniper
The German government has taken the drastic step of taking a 98% stake in Uniper, effectively nationalising it via a Euro 29 billion bail-out. The firm is one of the country's biggest gas suppliers...
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21 Sept 2022
Examining Trade Dependency - Applied Examples
We were discussing trade dependency in our Year 13 Economics class today and drew on real world data from countries such as Bangladesh, Zambia and Vietnam. I've linked to a short video of the key...
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21 Sept 2022
Changing tastes and preferences - Is plant-based meat staying on the menu?
This FT clip looks at the change in consumer tastes away from meat towards plant-based alternatives.
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21 Sept 2022
UK government signals yet another cut in stamp duty
We have been here many times before. The government seems to think that cutting stamp duty will act as a stimulant to the housing market that will feed an expansion of new building and a...
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21 Sept 2022
Netherlands raises their minimum wage by 10%
To help combat the risk of more than a million Dutch families falling into poverty because of rising prices, the government in the Netherlands has announced a 10% rise in their minimum wage.
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20 Sept 2022
UK Economy - Taxes and Investment and what future for Four-Day Working Weeks?
Here is a short round up of some important coverage of topical issues in the press over the last few days.
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20 Sept 2022
Retrieval Activity - Macroeconomic Indicators
Here is a retrieval activity (Quizlet) that I use with my Year 12 economists as we consider measures of macroeconomic performance
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20 Sept 2022
Supply Shocks - Cartels Terrorise Mexican Farmers
Supply-side shocks come in various forms: droughts, freezes and floods are the sorts of things that you'd associated with agricultural produce. But cartels? Either way, a fall in supply has...
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19 Sept 2022
Retrieval Activity - Globalisation
This retrieval activity contains 18 key terms linked to the key topic of globalisation.
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18 Sept 2022
Retrieval Activity - Specialisation and Trade
Here is a Quizlet retrieval activity covering specialisation and trade.
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18 Sept 2022
The Slumping Pound - Why Does it Matter?
The external value of sterling against the US dollar has fallen to the lowest level since 1985. £1 now buys only $1.14 in the currency markets. The pound has fallen nearly 22 per cent during 2022.
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18 Sept 2022
Retrieval Activity - Production Possibility Frontier
Here is a set of revision quizlet activities on the production possibility frontier.
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18 Sept 2022
Contestable Markets - Where now for UK grocers as Aldi overtakes Morrisons?
This Zoe Wood piece in the Guardian looks at how the cost of living crisis has changed the nature of grocery retail in the UK, with the rise of Aldi signalling the end of the 'big Four', with Aldi...
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17 Sept 2022
Development Economics - Digital Transformation in Guinea Bissau
This World Bank clip demonstrates how the digital economy can contribute to enhanced developmental prospects, in this case in Guinea-Bissau. Not only can in transform opportunities in education and...
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