Blog and updates
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3 Aug 2022
Himalayan villages face water crisis as glacial streams shrink
This clip could prompt a variety of discussions when introducing students to Economics.
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3 Aug 2022
Are Indirect Taxes Regressive?
The broad answer in the UK is yes according to new data published for 2021.
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2 Aug 2022
The Size of UK Government Debt
The size of the national debt is one of the important macroeconomic numbers studied by economists.
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2 Aug 2022
One in Five UK Night Clubs have closed since 2020
One in five nightclubs across Scotland, England & Wales have closed since the first lockdown in March 2020.
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1 Aug 2022
Countries with the highest inflation
Which countries in the world have the highest rates of inflation?
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29 Jul 2022
Heathrow posts operating loss of nearly £1 million a day
Britain’s biggest airport is losing nearly £1 million a day according to newly-released figures.
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29 Jul 2022
Burgernomics - McDonald's raises cheeseburger prices by 20%
McDonald's is raising the price of their cheeseburgers for the first time in 14 years.
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28 Jul 2022
Centrica announces 500% increase in profit & £59m dividend
Here's the cost of living crisis in a nutshell - rising prices are driven by supply-side factors, but also by the extent to which some companies are making profits.
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28 Jul 2022
US Federal Reserve raises interest rates by 0.75%
The US Federal Reserve has announced a sizeable increase in interest rates of 0.75% and a new target interest rate of 2.25% to 2.50%.
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28 Jul 2022
IMF predicts UK to be the slowest-growing G7 economy in 2023
The IMF - not always correct - has identified that the UK economy is going to be the slowest growing of all G7 economies in 2023, cutting its previous 1.2% forecast to 0.5%.
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27 Jul 2022
Amazon Raises Prime Prices in the UK and Europe
Amazon Prime has announced that from 15 Sept, monthly membership increases from £7.99 to £8.99, and annual membership from £79 to £95.
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27 Jul 2022
How regulatory failure has costs UK households money
The Guardian covers the collapse of Avro Energy - and the lack of regulation of the energy company, given the volume of complaints made by consumers.
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26 Jul 2022
Unilever lifts their advertising spending to reinforce brand loyalty
Unilever is increasing advertising spending to reinforce brand loyalty and thereby reducing price elasticity of demand for their products.
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25 Jul 2022
The Extraordinary Toshiba Saga
I'll be using this short FT video when teaching business conglomerates, demergers and the principal agent problem this autumn.
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25 Jul 2022
Can the UK government nudge people into using less energy?
Last year, Ovo was criticised for advising customers to cuddle pets, eat porridge and do star jumps to keep warm.
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25 Jul 2022
Are CEO salaries out of control?
One of my favourite topics - executive pay - with the cost of living crisis doing nothing to halt the surge in executive pay in both the UK and the US.
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24 Jul 2022
What is profit-push inflation?
To what extent is the surge in consumer price inflation partly the result of businesses opting to increase their profit margins?
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22 Jul 2022
European Central Bank raises interest rates for the first time in 11 years to zero percent!
The European Central Bank has raised their main monetary policy interest rate by 0.5% - the first increase for eleven years. Rates have risen to 0.0%!
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22 Jul 2022
Explaining the Link Between the Ukraine War and the Global Food Crisis
This Economist video looks at how the war in Ukraine is precipitating a global food crisis, with 800m people going to bed hungry every night.
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22 Jul 2022
Tata may close Port Talbot steelworks without a £1.5bn subsidy
This is a good article to use when evaluating the benefits and costs of government subsidies.
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