The UK’s five richest families have accumulated more wealth than the whole of the bottom 20 per cent of the population, with the gap between rich and poor continuing to grow, according to research published today.
Money, so it is said, makes the world go around. And to some extent it does. But it's not one of the functions of money that I teach in my lessons. The nature of money is fascinating and there are plenty of books that look at the subject, not least.
Two useful articles about the news that Morrisons have a £176m pre-tax loss for the year to February 2, and the strong impact that their plans to compete hard with the discount retailers has had on the stock market value of Tesco and Sainsburys. We often cite the UK supermarket.
One of the key skills that makes a good economist is the ability to make logical links and connect things that may appear unconnected.A nice example I came across today involved this skill.Q: What is the link between a growth in the middle classes and the need for more poppies?A:.
Mind the Gap! Evan Davis has produced two superb programmes on the regional imbalances in the UK economy. In the first he focuses on the agglomeration / network economies of scale that help to explain the skew in business investment towards the capital. In the second he looks at which.
If you are looking for a solid example of a manufacturing industry that experienced deep long term structural contraction then the UK steel sector is a good one to use.Global steel output has more than doubled in the last four years but what remains of the UK steel industry is.
Pub economics often explains the plight of poor countries in terms of the problems posed by corruption. That approach might have some value, and to raise the quality of your analysis of this topic, it’s helpful to say why and how it might arise, and the effects it might have. Rich.
This topic is very helpful when analysing the benefits or drawbacks arising from internal growth. Over the last couple of years the Economist has kept referring back to the case study of PepsiCo, and how the huge corporation has tried to control diseconomies of scale.Here’s the latest update – a proposed break-up.
There is plenty of evidence for the assertion that increases in indirect tax have led to the burden of of those regressive 'stealth taxes' falling on lower income earners. However, Norman Lamont, former Chancellor of the Exchequer, was on Newsnight on Thursday night to discuss the direct tax effects of.
For years the government has tried to lift research and development spending as a share of national income - but seemingly to no avail. The latest data for 2012 finds that the UK is spending less on R&D than any other EU country. What might this mean for the supply-side.
David Cameron accidentally started a meme on Wednesday when actors and comedians pretended to join his conference call with Barack Obama. There are plenty more political Twitter gaffes where that came from
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