It’s been another bad week for the UK economy, with UK bond yields rising to the highest level for 30 years. Not only that but the Pound has had a bumpy ride. A falling Pound and higher yields are a toxic combination, just ask Mrs Truss. And this comes on…| Economics Help
It’s been another bad week for the UK economy, with UK bond yields rising to the highest level for 30 years. Not only that but the Pound has had a bumpy ride. A falling Pound and higher yields are a toxic combination, just ask Mrs Truss. And this comes on…| Economics Help
Definition and meaning of horizontal integration - a merger between two firms at the same stage of production. Potential examples.| Economics Help
Definition and explanation of Vertical integration - when a firm controls different stages of production. ALso difference between forward and backward integration.| Economics Help
Definition of the output gap - the difference between actual and potential output. Diagram | Causes | Explaining with diagrams and examples - negative and positive output gap.| Economics Help
Labour productivity measures the output per worker in a period of time. Recent graphs/stats. Factors affecting labour productivity and implications for economy.| Economics Help
A selection of graphs and statistics on UK unemployment. Also, looking at factors that explain changes in UK unemployment. Why unemployment was lower in the 2000s and 2010s than 1980s and 90s. A success story of the UK economy? Raw data: Labour market data | Source: ONS MGSX (LFS)…| Economics Help
We have frequently heard the statement that we are experiencing the worst recession since the 1930s, but data released from the ONS shows that the fall in GDP is actually more prolonged in the current 2008-12 recession than the Great Depression of the 1930s. source: Office of National Statistics (pdf):…| Economics Help
The output gap is a measure of the difference between actual output (Y) and potential output (Yf). Output gap = Y- Yf A Negative Output Gap occurs when actual output is less than potential output gap. In a recession, a fall in Real GDP causes a negative output gap. However,…| Economics Help
After this week’s GDP statistics, the UK government could try to boast the fastest growth in the G7 during 2025 so far (depending on Japan data to come). It’s a bit like winning a beauty contest amongst your seven ageing friends; it doesn’t mean much. The bigger story is not so much a ... Read more| Economics Help
Empty streets, closed shops and events cancelled. Covid, put the economy into an induced coma, with output falling 20% in a single quarter. Yet, like a case of long covid, the economy has failed to bounce back. Even before Covid, the economy was struggling, 13 years of below trend growth. But, when covid hit, ... Read more| Economics Help
In the past four years the number of recorded shoplifting incidents have more than doubled. But, the problem is worse as many go unrecorded, in 2024, there were an estimated 20 million incidents of shoplifting in England and Wales, resulting in only 31,000 presecutions. This is a five fold increase since 2014 with the police ... Read more| Economics Help
At yesterdays meeting the Bank of England were split 5-4 on cutting interest rates by a quarter of a percent. On the one hand the economy is slowing, unemployment ticking up, spare capacity rising. On the other hand, inflation is proving more stubborn than past predictions. It makes the UK really something of an international ... Read more| Economics Help
Back in April, Trade Liberation Day, saw the stock market plunge around the world. It made front page news and in a partial u-turn, some tariffs were paused. But, over the next few weeks, the stock markets recouped their past losses and reached new record highs. Yet, the average tariff rate continues to be ... Read more| Economics Help
The output gap is a measure of the difference between actual output (Y) and potential output (Yf). Output gap = Y- Yf A Negative Output Gap occurs when actual output is less than potential output gap. In a recession, a fall in Real GDP causes a negative output gap. However,…| Economics Help
https://youtu.be/_dlDesXJzF8 It’s not been as spectacular as September 2022 when bond yields made the front pages, but quietly markets are pushing up the cost of UK debt. The bond yield for 30-year gilts has reached its highest level since 1998. You might think - Why does this matter to…| Economics Help
With incomes stagnating in recent years, does an average salary give people enough to live comfortably on? Well, according to the ONS, the latest figures suggest that the average weekly earnings for a full-time job is £728 a week or £37,430 a year. After paying just shy of £6,000 in income tax and NI, your ... Read more| Economics Help
Since 2005, the UK’s per capita electricity generation has fallen 22%. This has also coincided with a period of rising electricity prices and a long period of stagnation and economic growth falling behind past trends. Now definitely there are many other factors behind the UK’s poor economic growth but it is fair to say that ... Read more| Economics Help
Since the early 2000s, the number of households in the private rented sector has roughly doubled to 5 million in Great Britain. However, in recent years, the number of rental properties listed has been falling. This mismatch of rising demand and shortage of supply is a key factor behind rents becoming more expensive. Since 2021, ... Read more| Economics Help
https://youtu.be/_dlDesXJzF8 It’s not been as spectacular as September 2022 when bond yields made the front pages, but quietly markets are pushing up the cost of UK debt. The bond yield for 30-year gilts has reached its highest level since 1998. You might think - Why does this matter to…| Economics Help
Recently, Donald Trump told the chair of the Federal Reserve that the US should be cutting interest rates like other countries. And it is true the UK and US have been slow to cut interest rates. They are now double the level in Europe and Canada. Although Rachel Reeves is…| Economics Help
Recently, Donald Trump told the chair of the Federal Reserve that the US should be cutting interest rates like other countries. And it is true the UK and US have been slow to cut interest rates. They are now double the level in Europe and Canada. Although Rachel Reeves is…| Economics Help
In 1973, in response to the Yom Kippur War, OPEC introduced an oil embargo which caused prices to rise 300%. It ushered in an era of high inflation and political volatility. In 1979, the Iranian revolution caused another 300% rise in oil prices which caused a secondary inflation shock and…| Economics Help
In 1973, in response to the Yom Kippur War, OPEC introduced an oil embargo which caused prices to rise 300%. It ushered in an era of high inflation and political volatility. In 1979, the Iranian revolution caused another 300% rise in oil prices which caused a secondary inflation shock and…| Economics Help
The 1980s was a decade of divides. The proud industrial heartlands of the north suffering irreversible decline. The City of London enjoying an unprecedented boom. In the early 80s, Unemployment soared to the highest level since the Great Depression, manufacturing fell off a cliff. But not everyone suffered in the…| Economics Help
The 1980s was a decade of divides. The proud industrial heartlands of the north suffering irreversible decline. The City of London enjoying an unprecedented boom. In the early 80s, Unemployment soared to the highest level since the Great Depression, manufacturing fell off a cliff. But not everyone suffered in the…| Economics Help
Examples and explanation of negative externalities (where there is cost to a third party). Diagrams of production and consumption negative externalities.| Economics Help