Insights into the National Economy
816 views | +0 today
Follow
Insights into the National Economy
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Your new post is loading...
Your new post is loading...
Scooped by Westminster Business School
Scoop.it!

Autumn Statement 2016 summary: Key points at-a-glance - BBC News

Autumn Statement 2016 summary: Key points at-a-glance - BBC News | Insights into the National Economy | Scoop.it
The key points at-a-glance of Philip Hammond's 2016 Autumn Statement.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Big Bang: The day that made London a financial powerhouse - BBC News

Big Bang: The day that made London a financial powerhouse - BBC News | Insights into the National Economy | Scoop.it
Thirty years ago today the City changed for ever after radical new rules were introduced.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

UK inflation at 1% as price of clothes and fuel rises - BBC News

UK inflation at 1% as price of clothes and fuel rises - BBC News | Insights into the National Economy | Scoop.it
Rising prices for clothes, hotel rooms and petrol have led to the highest rate of inflation in nearly two years, official figures show.
Westminster Business School's insight:

Questions for discussion

  1. What factors have led to a rise in inflation in September?
  2. What is the likely impact of higher inflation on a) real wages in the short run and b) wage negotiations next year?
  3. What other factors are likely to cause inflation to rise in 2017?
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Britons face a cut in real wages as collapsing pound stokes inflation

Britons face a cut in real wages as collapsing pound stokes inflation | Insights into the National Economy | Scoop.it
Sterling, already languishing after the Brexit vote, took a fresh battering late last week, and economists warn that the falling pound could lead to inflation soaring to 3 per cent or higher next year.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Retailers warn government of Brexit price rises - BBC News

Retailers warn government of Brexit price rises - BBC News | Insights into the National Economy | Scoop.it
The British Retail Consortium has followed other business leaders warning that using World Trade Organisation rules will mean higher prices in the shops.
Westminster Business School's insight:
  1. What impact will higher retail prices have on consumers?
  2. By what other mechanisms could Brexit lead to higher prices for consumers?
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Who wants Britain in and out of the EU

Who wants Britain in and out of the EU | Insights into the National Economy | Scoop.it
Britain will hold a referendum on whether to leave the European Union before the end of 2017.

The debate has sparked a war of words between business organisations on either side of the debate.

As David Cameron heads to Brussels to renegotiate Britain’s new terms of EU membership, we look at the business arguments for and against.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Pound's rise leaves British manufacturers facing prolonged recession

Pound's rise leaves British manufacturers facing prolonged recession | Insights into the National Economy | Scoop.it
A weak global economy and stronger sterling have hampered the UK's industry
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Treasury rather than tenants to gain from social rent cut, says IFS | Public Finance

Treasury rather than tenants to gain from social rent cut, says IFS | Public Finance | Insights into the National Economy | Scoop.it
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

What Is The Fiscal Charter Anyway?

What Is The Fiscal Charter Anyway? | Insights into the National Economy | Scoop.it
Wondering what the fiscal charter means and whether you should care? Economics Editor Ed Conway explains how it all works.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Unions demand UK steel industry help as crisis summit starts - BBC News

Unions demand UK steel industry help as crisis summit starts - BBC News | Insights into the National Economy | Scoop.it
Unions demand ministers take urgent action to save the UK steel industry at a crisis summit on Friday, called after a major plant in Teesside closed.
Westminster Business School's insight:

Questions for discussion

  1. Watch the video on fiscal policy (episode 22 how the government uses fiscal policy to influence the economy). Consider how the government can use its fiscal policy specifically to improve prospects for the ailing Steel industry.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

UK unemployment rate falls to seven-year low of 5.4% - BBC News

UK unemployment rate falls to seven-year low of 5.4% - BBC News | Insights into the National Economy | Scoop.it
The UK unemployment rate fell to a seven-year low of 5.4% in the three months to August, official figures show.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Life on monetary policy committee is easy: turn up, listen, do nothing | Business | The Guardian

Life on monetary policy committee is easy: turn up, listen, do nothing | Business | The Guardian | Insights into the National Economy | Scoop.it
The last interest rate move was in 2009 and nothing at the Bank of England suggests this will change soon – but expect something exciting to happen by late 2016
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Fuel price plunge pulls UK inflation back to 0% | Business | The Guardian

Fuel price plunge pulls UK inflation back to 0% | Business | The Guardian | Insights into the National Economy | Scoop.it
Tumbling cost of crude oil, supermarket price war and cheaper clothing offers timely boost to consumer spending
Westminster Business School's insight:

Questions for discussion

  1. What are the factors that have contributed to low or no inflation in the UK economy?
  2. What does zero inflation tell you about consumer spending in the economy?
  3. The articles suggests that low or no inflation will encourage more consumer spending. Do you agree with this? What other factors do you think will impact on consumer spending?
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Philip Hammond presents the 2016 autumn statement – as it happened

Philip Hammond presents the 2016 autumn statement – as it happened | Insights into the National Economy | Scoop.it
Rolling coverage and analysis as chancellor Philip Hammond announces£122bn of extra borrowing and new spending plans
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Inflation and price indices - Office for National Statistics

Inflation and price indices - Office for National Statistics | Insights into the National Economy | Scoop.it
Westminster Business School's insight:

Further reading

http://www.bankofengland.co.uk/publications/Pages/inflationreport/2016/nov.aspx

 

more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

UK economy shrugs off Brexit uncertainty with 0.5% growth

UK economy shrugs off Brexit uncertainty with 0.5% growth | Insights into the National Economy | Scoop.it
Best-performing major economy defies forecasts as services boom but business groups call for help to agriculture, construction and manufacturing

 

Questions for discussion

  1. Why is the 0.5% growth a surprise?
  2. What factors have supported growth?
  3. Are these factors likely to continue in to 2017 or is growth likely to slow?
  4. What are the main immediate threats to UK growth?
Westminster Business School's insight:

Further reading

https://www.theguardian.com/business/2016/oct/23/uk-avoid-recession-2016-despite-growth-slump-ons-figures-show

 

http://www.telegraph.co.uk/business/2016/10/27/ftse-100-falters-and-pound-hovers-at-122-as-uk-gdp-figures-to-sh/

 

more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Britain will be fastest growing G7 economy this year, says IMF

Britain will be fastest growing G7 economy this year, says IMF | Insights into the National Economy | Scoop.it
Fund’s world economic outlook report predicts UK will avoid recession in 2016 but warns of longer-term impact of Brexit vote
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Who are the winners and losers from the pound’s fall?

Who are the winners and losers from the pound’s fall? | Insights into the National Economy | Scoop.it
Foreign tourists may enjoy the ride, but shoppers and pensioners could soon feel the heat
Westminster Business School's insight:
  1. Explain the impact of a weak pound on the following groups: a) UK exporters, b) UK restaurant owners and retailers. c)UK motorists 
  2. How can a weak pound benefit the UK economy?
  3. What does the weak pound indicate about market perception of prospects for the UK economy?
  4. What do you think is the primary factor leading to weak market prospects for the UK economy?
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

IMF assessment of UK economy in 2016 (11Dec15)

Christine Lagarde from the IMF gives her assessment on the UK economy in 2016. It'll be wrong. Recorded from BBC News Channel HD, 11 December 2015.
Westminster Business School's insight:

Questions for disussion

  1. What sort of vulnerabilities does the UK economy have?
  2. Why is the IMF concerned about high UK house prices?
  3. Why is Christine Lagarde concerned about the buy-to let market in the UK?
  4. Why do you think Christine Lagarde is calling for more construction and less bureaucracy in home building. 
  5. What sort of vulnerabilities does an increase in UK interest rates poise to the UK economy? 
  6. What is the fiscal risk and why is the level of government debt an important risk factor to monitor?
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Bank of England dampens prospects of early UK rate rise - BBC News

Bank of England dampens prospects of early UK rate rise - BBC News | Insights into the National Economy | Scoop.it
Forecasts for the first change in interest rates since 2009 have been pushed further into the future following the latest reports from the Bank of England.
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Why George Osborne's fiscal charter is more likely to end in fudge than sounder finances

Why George Osborne's fiscal charter is more likely to end in fudge than sounder finances | Insights into the National Economy | Scoop.it
Legal means to prevent Government profligacy have a poor track record
Westminster Business School's insight:

Further reading

http://news.sky.com/story/1568876/what-is-the-fiscal-charter-anyway

more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Episode 22: How Government Uses Fiscal Policy to Influence the Economy - YouTube

Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb ...
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Bank of England policymaker says rate rise will come sooner, not later | Business | The Guardian

Bank of England policymaker says rate rise will come sooner, not later | Business | The Guardian | Insights into the National Economy | Scoop.it
Kristin Forbes signals she may vote for an interest rate hike by downplaying potential UK fallout from emerging markets slowdown
more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

Soaring London house prices sucking cash out of economy, study says | Money | The Guardian

Soaring London house prices sucking cash out of economy, study says | Money | The Guardian | Insights into the National Economy | Scoop.it
Study shows knock-on effects of high mortgages and rents on consumer spending and wage bills
Westminster Business School's insight:

Questions for discussion

1. Explain how high mortgages, debt and rents impact on consumer spending?

2. Why do you think house prices in London are so high?

 

Further reading

http://www.theguardian.com/money/2015/sep/16/london-house-prices-cutting-off-graduates-from-best-jobs

 

 

 

more...
No comment yet.
Scooped by Westminster Business School
Scoop.it!

PM David Cameron defiant on tax credit cuts - BBC News

PM David Cameron defiant on tax credit cuts - BBC News | Insights into the National Economy | Scoop.it
David Cameron has defended plans to cut tax credits for working families, arguing that the income of the UK's lowest earners would eventually rise thanks to the National Living Wage and higher tax thresholds.
Westminster Business School's insight:

Questions for discussion

  1. The government has argued that working tax credits were too generous and did not target the 'working poor' and have scaled them down and introduced a national living wage. Is implimenting a national living wage a more effective way to tackle the problems of 'working poverty'?
  2. It is argued that cuts in working tax credits is expected to lower income level of the poorest. What are the drawbacks of cutting working tax credits?
  3. Consider the groups of people most  likely to benefit from the national living wage.


http://www.bbc.co.uk/news/uk-politics-34261551

http://www.bbc.co.uk/news/uk-33438841

http://www.bbc.co.uk/news/business-34129885




more...
No comment yet.