Developments in t...
Follow
Find
8.8K views | +2 today
 
Scooped by Geoff Riley
onto Developments in the UK Economy
Scoop.it!

UK families feel burdened by debt - Telegraph

UK families feel burdened by debt - Telegraph | Developments in the UK Economy | Scoop.it
The burden of household debt increased during the recession, and is probably continuing to rise, Government figures show.
Geoff Riley's insight:

Private sector (household) debt in the UK is higher than most other advanced economies - and this news report reminds us of the constraint that the existing debt burden has on spending power and consumer confidence. Mentions changes in the savings ratio - collectively we are saving more than before, but with real incomes getting squeezed, it is little wonder that consumer demand has been weak recently. There are some signs of a rebound in consumer spending on goods and services - what might be causing it?

more...
No comment yet.
Developments in the UK Economy
Study resource for AS and A2 and IB economists
Curated by Geoff Riley
Your new post is loading...
Your new post is loading...
Scooped by Geoff Riley
Scoop.it!

What is the NHS there for?

What is the NHS there for? | Developments in the UK Economy | Scoop.it
Geoff Riley's insight:

Excellent article to read for those looking at health care economics as part of their introductory studies

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Is innovation exploding or expiring?

Is innovation exploding or expiring? | Developments in the UK Economy | Scoop.it
The stories we hear about the economy influence the way we behave, which in turn influences the economy. As Nobel laureate Robert Shiller puts it, sometimes these stories “inspire us to go out and spend, start businesses, build new factories and office buildings.” Other times, “they put fear in our hearts and impel us to […]
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Manufacturing and finance job losses blamed for falling real-term wages

Manufacturing and finance job losses blamed for falling real-term wages | Developments in the UK Economy | Scoop.it
Long-term decline in factory vacancies and rise in jobs such as barista has kept average wage growth below inflation, says IDS
Geoff Riley's insight:

The relentless rise of the high street barista economy is a factor causing a significant shift in the pattern of jobs in the British economy. Many higher paid jobs in manufacturing have been lost replaced by hundreds of thousands of relatively low paid work in the service sector. The Guardian reports on a new survey from Incomes Data Services.

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Global Competitiveness Report 2014-2015

Global Competitiveness Report 2014-2015 | Developments in the UK Economy | Scoop.it
The Global Competitiveness Report 2014-2015 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment of national competitiveness worldwide.
Geoff Riley's insight:

The UK has nudged up to ninth in the annual assessment of international competitiveness established by the World Economic Forum. 

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

CEOs earning 143 times more than company averages, pay study shows

CEOs earning 143 times more than company averages, pay study shows | Developments in the UK Economy | Scoop.it
Pay gap widest at mining company Rangold Resources, where Mark Bristow was paid £4.4m last year – nearly 1,500 times the average
Geoff Riley's insight:

This is an issue that won't go away any time soon. The gap (chasm) between the highest and lowest paid workers in the UK grows ever wider. The pay of bosses rose by an average of 5% last year whilst for millions of people real pay either fell or was frozen. 

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Wave hello to British sea power

Wave hello to British sea power | Developments in the UK Economy | Scoop.it
Big plans are afoot to transform Swansea Bay into the world’s first tidal lagoon power station.
Geoff Riley's insight:

Plans for the Swansea Bay tidal lagoon power station are potentially a superb case study to use when teaching the multiplier effect, renewable energy, cost-benefit analysis, economies of scale and different forms of government intervention including subsidies.

more...
Bruce Fellowes's comment, August 17, 12:14 PM
Nice to see such a local example to my College, Will certainly use this example
Scooped by Geoff Riley
Scoop.it!

UK exports to EU 'dead in the water'

UK exports to EU 'dead in the water' | Developments in the UK Economy | Scoop.it
Geoff Riley's insight:

Useful and relevant background on one of the key issues facing the UK economy.Weak exports to the stagnant Euro Zone economy are hitting hopes of a more durable and sustainable / balanced recovery. 

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Bank of England cuts wage forecast

Bank of England cuts wage forecast | Developments in the UK Economy | Scoop.it
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Britain ‘facing lost decade of economic growth’

Britain ‘facing lost decade of economic growth’ | Developments in the UK Economy | Scoop.it
Britain is facing a lost decade of economic growth despite the economic recovery, the latest forecasts from a respected think tank suggest today.
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Fracking push gets go-ahead across UK as ministers tighten safeguards

Fracking push gets go-ahead across UK as ministers tighten safeguards | Developments in the UK Economy | Scoop.it
Drilling will be allowed in national parks in 'exceptional circumstances' but ministers retain power to veto plans
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Not bowling alone

Not bowling alone | Developments in the UK Economy | Scoop.it
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Ha-Joon Chang: Why Everybody Should Know Some Economics

Ha-Joon Chang: Why Everybody Should Know Some Economics | Developments in the UK Economy | Scoop.it
Ha-Joon Chang explains why everybody has a duty to learn some basic economics in order to make informed decisions.
Geoff Riley's insight:

Super read!

more...
Aman Kanwar's curator insight, September 13, 7:49 PM

This article suggests that important decisions about how we as a society allocate our resources are being made de facto by a small group of experts (economists) without proper democratic scrutiny because the subject is seen to be inscrutable. Professional economists have a duty to take the mystique out of economics and the ordinary citizen has a duty to attempt to understand the key issues if we wish to live in a vigorous democracy.

Scooped by Geoff Riley
Scoop.it!

Britain's Faustian wage bargain

Britain's Faustian wage bargain | Developments in the UK Economy | Scoop.it
Let’s begin at the beginning. Britain is poorer, much poorer, than it was five or six years ago. If you don’t believe me, take a look at gross domestic product – simply the amount of income generat...
Geoff Riley's insight:

Ed Conway provides an excellent commentary on the fall in real wages in the UK economy over recent years- "Britons have patiently absorbed enormous cuts in their real pay over the past few years" - how long will this last?

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Home ownership becoming exclusive members' club, says housing group

Home ownership becoming exclusive members' club, says housing group | Developments in the UK Economy | Scoop.it
National Housing Federation says typical first-time buyer needs a deposit almost 10 times that required in early 1980s
Geoff Riley's insight:

Broken Market, Broken Dreams

Have a look at their report here: http://www.housing.org.uk/media/home-truths/



more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

How to Speak Money by John Lanchester – review

How to Speak Money by John Lanchester – review | Developments in the UK Economy | Scoop.it
Do you only sorta-kinda know about economics? Are you unsure about the difference between budget deficit and the national debt? You should read this entertaining lexicon. By Larry Elliott
Geoff Riley's insight:

John Lanchester is a superbly accessible author on financial economics and his latest book How to Speak Money looks well placed for use by economics departments. 

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

The Exaggerated Death of Inflation

The Exaggerated Death of Inflation | Developments in the UK Economy | Scoop.it
Kenneth Rogoff: High inflation is treated as a theoretical curiosity by many analysts - they are unwise to do so
more...
Scooped by Geoff Riley
Scoop.it!

The three types of unemployment

The three types of unemployment | Developments in the UK Economy | Scoop.it
DURING the recent downturn, the unemployment rate in America jumped from 4.4% to 10%. Economic growth has since pepped up. But unemployment is nowhere near...
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

UK economy more than halfway to full recovery, says Bank governor

UK economy more than halfway to full recovery, says Bank governor | Developments in the UK Economy | Scoop.it
Mark Carney says expansion is proceeding, and he will not wait for pay to catch up with inflation before raising interest rates
Geoff Riley's insight:

A good article to read and use when teaching introductory macroeconomics - what is an economic recovery and how might we measure it? 

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Five key factors that will decide when Bank of England raises interest rates

Five key factors that will decide when Bank of England raises interest rates | Developments in the UK Economy | Scoop.it
In a recovery that policymakers find hard to read, rates may, or may not, rise soon, depending on a complex matrix of indicators. By Larry Elliott
Geoff Riley's insight:

This is a really excellent piece from Larry Elliott at the Guardian on some of the factors that the Bank of England will take into account when deciding the moment to move policy interest rates up from their historic low of 0.5%. To think, there are students who might make it through their entire secondary school education without experiencing a change in UK monetary policy interest rates!

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

What jobs will robots take over?

What jobs will robots take over? | Developments in the UK Economy | Scoop.it
Geoff Riley's insight:

This is an excellent background video clip to use when teaching / studying capital-labour substitution and the likely changes in the pattern of demand for labour / employment in the UK jobs market

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

London gets 24 times as much spent on infrastructure per resident than north-east England

London gets 24 times as much spent on infrastructure per resident than north-east England | Developments in the UK Economy | Scoop.it
In the week when George Osborne claimed he was championing investment in the north, analysis of spending shows that London’s population receive far more than anybody else
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Global Innovation Index 2014: Switzerland, UK and Sweden Lead Rankings with Encouraging Signs from Sub-Saharan Africa

Global Innovation Index 2014: Switzerland, UK and Sweden Lead Rankings with Encouraging Signs from Sub-Saharan Africa | Developments in the UK Economy | Scoop.it
Switzerland, the United Kingdom and Sweden topped this year’s Global Innovation Index, while Sub-Saharan Africa posted significant regional improvement in the annual rankings published by Cornell University, INSEAD and the World Intellectual Property Organization.
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Dispatches - Supermarket Price Wars

Dispatches - Supermarket Price Wars | Developments in the UK Economy | Scoop.it
What the discount stores are doing to encourage us to buy their products
more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Measuring National Well-being: insights acrosss society, the economy and the environment infographic - ONS

Measuring National Well-being: insights acrosss society, the economy and the environment infographic - ONS | Developments in the UK Economy | Scoop.it
Geoff Riley's insight:

Superb infographic to use in the classroom

more...
No comment yet.
Scooped by Geoff Riley
Scoop.it!

Jürgen Maier of Siemens: 'British productivity is catching Germany's'

Jürgen Maier of Siemens: 'British productivity is catching Germany's' | Developments in the UK Economy | Scoop.it

Well wotThe 'march of the makers' is just starting, but the UK head of the German giant sees great hope for British manufacturing

Geoff Riley's insight:

This interview with Jurgen Maier of Siemens is well worth reading on several different levels. It challenges the conventional wisdom that UK will always lag behind Germany in terms of high value added manufacturing; it refers to the economics risks of Brexit (Britain leaving the EU) and it also stresses the importance to the UK of foreign investment from German businesses many of which have been in the Uk since well before the first World War - Siemens and Bosch are two well-known examples. 

more...
No comment yet.