F582 The National & International Economy
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Autumn statement: six graphs you need to see

Autumn statement: six graphs you need to see | F582 The National & International Economy | Scoop.it
Chancellor George Osborne will present his latest spending and saving plans alongside new forecasts for the economy on Wednesday. Here are six key graphs to see before he delivers his autumn statement
Adam Dean's insight:

The Autumn Statement is published tomorrow. Given 2015 is an election year, expect something a bit more interesting than previous statements. These charts give some context - where is the UK now, where has it come from, and where is it expected to go.

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Adam Dean's curator insight, December 3, 2014 4:48 AM

The Autumn Statement is published tomorrow. Given 2015 is an election year, expect something a bit more interesting than previous statements. These charts give some context - where is the UK now, where has it come from, and where is it expected to go.

Adam Dean's curator insight, December 3, 2014 4:48 AM

The Autumn Statement is published tomorrow. Given 2015 is an election year, expect something a bit more interesting than previous statements. These charts give some context - where is the UK now, where has it come from, and where is it expected to go.

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Forget the 1%

Forget the 1% | F582 The National & International Economy | Scoop.it
AMONG the most controversial of Thomas Piketty’s arguments in his bestselling analysis of inequality, “Capital in the Twenty-First Century”, is that wealth is...
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Wealth inequality returning to 18th century levels. Such inequality increases the risk of social reproduction and a reliance on inheritance rather than innovation to accumulate wealth.

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Adam Dean's curator insight, November 11, 2014 4:00 AM

2.3 Wealth inequality returning to 18th century levels. Such inequality increases the risk of social reproduction and a reliance on inheritance rather than innovation to accumulate wealth.

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Tata Steel to sell some UK plants

Tata Steel to sell some UK plants | F582 The National & International Economy | Scoop.it

Via Geoff Riley
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Geoff Riley's curator insight, October 15, 2014 8:41 AM

Hopefully these sites will find a buyer - AS macro students will readily understand the negative multiplier effects arising from significant factory closures especially for the local and regional economy.

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US unemployment rate at six-year low

US unemployment rate at six-year low | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

US unemployment down.....higher interest rates on the way?

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Adam Dean's curator insight, October 12, 2014 7:34 AM

2.3 US unemployment down.....higher interest rates on the way?

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Tax cut plans: The effect on you

Tax cut plans: The effect on you | F582 The National & International Economy | Scoop.it
The Conservatives promise tax cuts if they win the next election - but how might you be affected?

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Labour makes £8 minimum wage pledge

Labour makes £8 minimum wage pledge | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

Labour looking to reduce income inequality in the UK. What will happen to the gini coefficient? Will it work? What may happen to real wage unemployment? Will it have a negative impact on inflation and international competitiveness?

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Adam Dean's curator insight, September 21, 2014 5:20 AM

2.3 Distribution of income. Labour looking to reduce income inequality in the UK. What will happen to the gini coefficient? Will it work? What may happen to real wage unemployment? Will it have a negative impact on inflation and international competitiveness?

Adam Dean's curator insight, September 21, 2014 5:22 AM

1.3 Government intervention - price controls. Labour looking to reduce income inequality in the UK. What will happen to the gini coefficient? Will it work? What may happen to real wage unemployment? Will it have a negative impact on inflation and international competitiveness?

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Britain's richest 1% own as much as poorest 55% of population

Britain's richest 1% own as much as poorest 55% of population | F582 The National & International Economy | Scoop.it
ONS figures reveal growing wealth disparity and north-south divide, with nation's top 10% owning 44% of household wealth
Adam Dean's insight:

Growing wealth inequality in the UK.

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Adam Dean's curator insight, May 16, 2014 9:01 AM

2.3 Growing wealth inequality in the UK.

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How countries calculate their GDP

How countries calculate their GDP | F582 The National & International Economy | Scoop.it
WHEN unveiling Britain's annual budget on March 19th George Osborne, the chancellor of the exchequer, crowed that the British economy was forecast to grow at an...
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The Economist explains how GDP is calculated and the flaws as a measure of well-being.
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Adam Dean's curator insight, March 27, 2014 5:50 PM

2.1 The Economist explains how GDP is calculated and the flaws as a measure of well-being.

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Britain's changing shopping basket

Britain's changing shopping basket | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

Measuring inflation in the UK - what is meant by 'a basket of goods'.

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Adam Dean's curator insight, March 24, 2014 7:32 AM

Measuring inflation in the UK - what is meant by 'a basket of goods'.

Kent College History's comment, June 5, 2014 12:26 PM
Britain has its own shopping basket? I've got a lot to learn about economics.
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Key points of Budget: At-a-glance

Key points of Budget: At-a-glance | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

Budget 2014 - key points. Good news for savers, those on low wages, drinkers and frequent flyers. Not so good for smokers and those hovering around the 40% tax bracket (fiscal drag).

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Adam Dean's curator insight, March 19, 2014 10:31 AM

Budget 2014 - key points. Good news for savers, those on low wages, drinkers and frequent flyers. Not so good for smokers and those hovering around the 40% tax bracket (fiscal drag).

Adam Dean's curator insight, March 19, 2014 10:31 AM

Budget 2014 - key points. Good news for savers, those on low wages, drinkers and frequent flyers. Not so good for smokers and those hovering around the 40% tax bracket (fiscal drag).

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Understanding inflation: What is the basket of goods? - ONS

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ONS looks at what is the basket, why it is updated and what it means to you.

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Lagarde warns euro zone over low inflation

Lagarde warns euro zone over low inflation | F582 The National & International Economy | Scoop.it
IMF chief Christine Lagarde has urged the euro zone to fight persistently low inflation, warning that it presents a looming threat to economic recovery in the region.
Adam Dean's insight:

IMF chief warns of risk of delation in eurozone. Deflation can cause severe macroeconomic problems. Falling prices reduce investment and consumer expenditure, as households postpone spending. Reducing levels of demand lead to recessions, unemployment, and falling prices, creating a nasty deflationary spiral.

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Adam Dean's curator insight, March 6, 2014 4:58 PM

IMF chief warns of risk of delation in eurozone. Deflation can cause severe macroeconomic problems. Falling prices reduce investment and consumer expenditure, as households postpone spending. Reducing levels of demand lead to recessions, unemployment, and falling prices, creating a nasty deflationary spiral.

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How five years of rock-bottom interest rates have changed Britain

How five years of rock-bottom interest rates have changed Britain | F582 The National & International Economy | Scoop.it
Five years ago on Wednesday, the Bank of England slashed rates to a record low of 0.5% - and it's still there. For some it's been good news, for others bad
Adam Dean's insight:
The base rate has been held at an abnormally low level (average rate since creation of B of E is about 5%) for 5 years. This article looks at the winners (borrowers, home owners, stock markets) and losers (savers) of expansionary monetary policy.
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Adam Dean's curator insight, March 5, 2014 3:38 AM

The base rate has been held at an abnormally low level (average rate since creation of B of E is about 5%) for 5 years. This article looks at the winners (borrowers, home owners, stock markets) and losers (savers) of expansionary monetary policy. 

Adam Dean's curator insight, March 5, 2014 3:39 AM
The base rate has been held at an abnormally low level (average rate since creation of B of E is about 5%) for 5 years. This article looks at the winners (borrowers, home owners, stock markets) and losers (savers) of expansionary monetary policy.
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Hundreds of thousands of apprentices in UK paid as little as £2.73 an hour

Hundreds of thousands of apprentices in UK paid as little as £2.73 an hour | F582 The National & International Economy | Scoop.it

More than 350,000 of more than 850,000 apprentices are now over 25 with more than 50,000 over 50

Adam Dean's insight:

Education and training schemes are an example of both fiscal and supply-side policies. Successful apprenticeship schemes should boost AD and AS as worker training is subsidised by the state and labour productivity increases. However, in practice it appears that some firms are simply rebranding on-the-job training as apprenticeships, claiming government funds to cover the cost of training they would have provided themselves.

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Adam Dean's curator insight, November 30, 2014 4:24 PM

Education and training schemes are an example of both fiscal and supply-side policies. Successful apprenticeship schemes should boost AD and AS as worker training is subsidised by the state and labour productivity increases. However, in practice it appears that some firms are simply rebranding on-the-job training as apprenticeships, claiming government funds to cover the cost of training they would have provided themselves.

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Earn less than £30,000 and a robot is much more likely to take over your job

Earn less than £30,000 and a robot is much more likely to take over your job | F582 The National & International Economy | Scoop.it
Your job is at risk of being taken over by a robot or automated system according to research by Oxford University and Deloitte
Adam Dean's insight:

Technological unemployment more likely for those on low incomes.

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Adam Dean's curator insight, November 10, 2014 4:36 PM

Technological unemployment more likely for those on low incomes.

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Breaking the camel’s back

Breaking the camel’s back | F582 The National & International Economy | Scoop.it
ANGUS MADDISON, who died in 2010, was among the most influential of economic historians; his book on the world economy over the past 2,000 years is a classic. Now,...

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Trends in global inequality.

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Adam Dean's curator insight, October 12, 2014 8:06 AM

1.4 Trends in global inequality.

Adam Dean's curator insight, October 12, 2014 8:06 AM

2.3 Trends in global inequality.

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Concrete benefits

Concrete benefits | F582 The National & International Economy | Scoop.it
THOSE trying to fly to or from Chicago in the past week learned first-hand the shortcomings of America’s public infrastructure. A suicidal employee set fire to a...
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The demand and supply side benefits of public investment in infrastructure.

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Adam Dean's curator insight, October 12, 2014 7:03 AM

2.4 The demand and supply side benefits of public investment in infrastructure.

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Cameron pledges tax cuts 'for 30m'

Cameron pledges tax cuts 'for 30m' | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

Lot here to convince voters that they'll be better off under a Tory government next time round. It will be interesting to see how well off the average Briton is over the course of this current parliament. Currently, with wages failing to keep up with inflation, people are worse off now than they were in 2010. If this continues into next year, Britons will be worse off at the end of parliament than they were at the beginning for the first time since 1920. Expect Labour to focus on that stat, along with the decision to cut the top rate of tax earlier in this parliament.

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Adam Dean's curator insight, October 1, 2014 9:42 AM

Lot here to convince voters that they'll be better off under a Tory government next time round. It will be interesting to see how well off the average Briton is over the course of this current parliament. Currently, with wages failing to keep up with inflation, people are worse off now than they were in 2010. If this continues into next year, Britons will be worse off at the end of parliament than they were at the beginning for the first time since 1920. Expect Labour to focus on that stat, along with the decision to cut the top rate of tax earlier in this parliament.

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ECB cuts rates and launches stimulus

ECB cuts rates and launches stimulus | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

Fear of deflation sparks further expansionary monetary policy in the Eurozone.

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Adam Dean's curator insight, September 7, 2014 8:30 AM

2.5 Fear of deflation sparks further expansionary monetary policy in the Eurozone.

Adam Dean's curator insight, September 7, 2014 8:32 AM

Fear of deflation sparks further expansionary monetary policy in the Eurozone.

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Osborne Pledges 'Full Employment' For UK

Osborne Pledges 'Full Employment' For UK | F582 The National & International Economy | Scoop.it
The Chancellor claims recent tax and welfare changes will help Britain achieve one of the highest employment rates in the world.
Adam Dean's insight:

Excellent piece on George Osbourne's pursuit of full employment. A series of supply side policies to boost labour flexibility are explored, as well as an excellent analysis of what is actually meant by the term 'full employment'.

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Adam Dean's curator insight, March 31, 2014 5:05 PM

Excellent piece on George Osbourne's pursuit of full employment. A series of supply side policies to boost labour flexibility are explored, as well as an excellent analysis of what is actually meant by the term 'full employment'.

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David Smith's EconomicsUK.com: Inflation falls - and a puzzle

David Smith's EconomicsUK.com: Inflation falls - and a puzzle | F582 The National & International Economy | Scoop.it
David Smith's EconomicsUK - all the economics you'll ever need...
Adam Dean's insight:

Falling inflation in the UK means that real wages might be rising....at last.

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Adam Dean's curator insight, March 25, 2014 8:19 AM

Falling inflation in the UK means that real wages might be rising....at last.

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Britain's trade position worsens after fall in exports

Britain's trade position worsens after fall in exports | F582 The National & International Economy | Scoop.it
The trade in goods deficit widened to a worse than expected £9.8bn in January from £7.7bn in December

Via Geoff Riley
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Geoff Riley's curator insight, March 14, 2014 9:05 AM

The ambitious target of doubling the value of K exports from 2012-2020 looks almost impossible at the moment. Flagging exports hit by growth slowdown in emerging markets and appreciating sterling. £9bn monthly trade deficit is eye-watering! 

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Tory grandees warn over 40p tax rate

Tory grandees warn over 40p tax rate | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

An example fiscal drag. Inflation leads to more people being dragged into the higher tax rate bracket.

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Adam Dean's curator insight, March 14, 2014 9:44 AM

An example fiscal drag. Inflation leads to more people being dragged into the higher tax rate bracket.

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UK debt and deficit: All you need to know

UK debt and deficit: All you need to know | F582 The National & International Economy | Scoop.it
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The BBC takes a look at the difference between debt, deficit, structural deficit, and borrowing. Also includes current trends and projections.

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UK inflation fell to 1.9% last month

UK inflation fell to 1.9% last month | F582 The National & International Economy | Scoop.it
Adam Dean's insight:

We generally associate low inflation with higher living standards, but this is only true when average wages are rising faster than inflation. A cost of living crisis suggests that despite low inflation (lower than the 2% target) wages are not rising as quickly and, so, living standards are falling (great for L4 evaluation).

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