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Tackling negative externalities in consumption: Sugary Drinks Tax 'Could Raise Treasury £275m'

Tackling negative externalities in consumption: Sugary Drinks Tax 'Could Raise Treasury £275m' | #ECON1 | Scoop.it
A 20% tax could reduce demand and fight obesity and tooth decay, but some researchers claim taxing food is politically unworkable.
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markkennedy8's curator insight, December 4, 2013 5:23 AM

Is the Government seeking to raise tax reveneues under the guise of a healthcare initiative ?

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Unit 1 Economics AS Level
Curated by Phil Hensman
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Asia's deadly secret: The scourge of the betel nut

Asia's deadly secret: The scourge of the betel nut | #ECON1 | Scoop.it
Taiwan is trying to tackle the popular habit of chewing of betel nuts, which has caused a huge rise in the incidence of oral cancer.
Phil Hensman's insight:

Demerit goods, information failure, government intervention

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Bruce Fellowes's curator insight, March 23, 8:58 AM

I have seen these for sale in a Swansea Asian Supermarket. Will they be banned or taxed in this country?

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Is the price of fish and chips set to soar? - Telegraph

Is the price of fish and chips set to soar? - Telegraph | #ECON1 | Scoop.it
The cost of Norwegian cod has increased by 25 per cent year on year, but will it affect your fish and chips?
Phil Hensman's insight:

Supply, demand, price changes

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Record Chinese fine for pollution

Record Chinese fine for pollution | #ECON1 | Scoop.it
Six companies in China's Jiangsu province are fined 160 million yuan (£16.6m; $26m) for polluting rivers, the highest fine of its kind, say state media.
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Donnison Cycle Helmets

Radio piece looking at compulsory helmet laws in Australia
Phil Hensman's insight:

Using legislation to force the use of merit goods.

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Scotland lowers drink-drive limit

Scotland lowers drink-drive limit | #ECON1 | Scoop.it
Phil Hensman's insight:

Great in-depth analysis and evaluation of legislating a negative externality in consumption

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The cocoa crisis: why the world’s stash of chocolate is melting away

The cocoa crisis: why the world’s stash of chocolate is melting away | #ECON1 | Scoop.it
It’s the world’s favourite sweet treat – and this week one of the industry’s biggest players warned that supplies could soon be running low. Guardian writers around the world report on the causes of the problem, from disease and crop failure to the rise of the chocolate crisp
Phil Hensman's insight:

Price fluctuations, reducing supply, increasing demand, changing tastes, population growth, demerit goods, information failure

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Payday Loan Firms Slapped With Price Cap

Payday Loan Firms Slapped With Price Cap | #ECON1 | Scoop.it
The FCA moves to limit costs in the short-term credit market, saying its rules will make it fair for both lenders and borrowers.
Phil Hensman's insight:

A maximum price on Payday Loans being imposed. What are the consequences for the industry? And what might be the Government Failure here?

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Oil Drops To Two-Year Low Amid Rising Output

Oil Drops To Two-Year Low Amid Rising Output | #ECON1 | Scoop.it
Fracking in the US, a big boost in job numbers and rising global output help the continued push downward on crude prices.
Phil Hensman's insight:

Why has the price of oil dropped? Can you draw a diagram to show it?

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Factors that shift the demand curve: Advertising: Nike sees sales and profit jump after World Cup

Factors that shift the demand curve: Advertising: Nike sees sales and profit jump after World Cup | #ECON1 | Scoop.it
The US sportswear firm Nike sees a 23% jump in quarterly profit thanks in part to football fever from this year's World Cup.
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Tobacco tax 'must help clear litter'

Tobacco tax 'must help clear litter' | #ECON1 | Scoop.it
Tax earned from tobacco sales should be used to help with the cost of clearing up cigarette litter, an MPs' report recommends.
Phil Hensman's insight:

Hypothecation of tax

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Call to ban energy drinks for kids

Call to ban energy drinks for kids | #ECON1 | Scoop.it
Energy drinks should be banned for children under 16, according to the campaign and research group Action on Sugar.
Phil Hensman's insight:

Demerit goods, information failure, regulation

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Taiwan orders parents to limit children's time with electronic games - Telegraph

Taiwan orders parents to limit children's time with electronic games - Telegraph | #ECON1 | Scoop.it
Parents in Taiwan face hefty fines if they let their offspring spend too long gaping at televisions or playing video games
Phil Hensman's insight:

Regulation, demerit goods, market failure, information failure

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Portuguese bricklayers paid £1,000 a week due to shortage of UK workers

Portuguese bricklayers paid £1,000 a week due to shortage of UK workers | #ECON1 | Scoop.it
Construction firms are turning down bidding opportunities because of a shortage of skilled workers, research suggests
Phil Hensman's insight:

Inelsatic supply, increasing demand = Higher wages

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Support grows for tax on sugary drinks

Support grows for tax on sugary drinks | #ECON1 | Scoop.it
Health advisers for Mayor of London Boris Johnson have swung their weight behind calls for a tax on sugary drinks, after new figures claimed the introduction could save London boroughs alone nearly £40m in costs to the NHS.
Phil Hensman's insight:

Analysis and evaluation of a 'Sugar' Tax

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Sticking Point: Gum Firms 'Must Fund' Clean-Up

Sticking Point: Gum Firms 'Must Fund' Clean-Up | #ECON1 | Scoop.it
LBC
Phil Hensman's insight:

Internalising the externality? - Negative externality in production - Getting the firm to pay, even though it is the consumer causing the problem.

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Dr Koestle-Cate's curator insight, November 24, 2014 10:49 AM

This will be very useful later, when we look at market failure in Micro.

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COTE D'IVOIRE: Cocoa farmers welcome state-imposed prices

COTE D'IVOIRE: Cocoa farmers welcome state-imposed prices | #ECON1 | Scoop.it
Cocoa farmers in Côte d'Ivoire, the world's largest producer, began the 2012-2013 season in October with a minimum price guaranteed by the state. This measure, part of the government’s sector-wide reforms, should stem corruption and make farmers less prone to the vagaries of international cocoa prices, giving them more financial stability so they can invest in their cocoa plantations.
Phil Hensman's insight:

Minimum price - with evaluation of the success.

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£1 an hour parking in Leicester city centre starts on Sunday

£1 an hour parking in Leicester city centre starts on Sunday | #ECON1 | Scoop.it
Changes to car parking charges in Leicester city centre some into force on this Sunday. The new pricing structure will see parking in on-street bays and city council car parks cost £1 for an...
Phil Hensman's insight:

Can you draw a diagram that explains why? Only on a Sunday....

And consider whether or not the number of parking spaces changes....

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'Soulless' Fosse Park expansion will threaten Leicester city centre trade, warn council officials

'Soulless' Fosse Park expansion will threaten Leicester city centre trade, warn council officials | #ECON1 | Scoop.it
The expansion of the out-of-town Fosse Park shopping complex will threaten businesses in Leicester city centre, senior council officials have warned. Planning officers have said the future growth of...
Phil Hensman's insight:

Substitute goods: If demand for out-of-town shopping centres increases, demand for city centre shops will decrease...

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Charging drunk patients in A&E wouldn’t sit right with my conscience

Charging drunk patients in A&E wouldn’t sit right with my conscience | #ECON1 | Scoop.it
Making certain patients pay for emergency services might make night shifts better for doctors, but it is discriminatory, says Jason Sarfo-Annin
Phil Hensman's insight:

Negative Externalities in Consumption: Should the problem causer be made to pay?

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Supermarkets launch petrol price cut

Supermarkets launch petrol price cut | #ECON1 | Scoop.it
Three major UK supermarkets are to cut the prices of petrol and diesel by up to 5p, starting on Tuesday.
Phil Hensman's insight:

Price Inelastic Demand: What are the affects on total revenue?

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