Macro - the UK economy
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Macro - the UK economy
For students of A Level unit 2 and IB HL/SL
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Why Britain needs a pay rise

Why Britain needs a pay rise | Macro - the UK economy | Scoop.it
Too many low-pay, low-skill and low-productivity jobs in low-investment workplaces are hampering the chances of a recovery we can all share in, writes TUC general secretary Frances O'Grady

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Westminster Business School's curator insight, September 1, 2014 10:23 AM

Questions for discussion

  1. Why is it argued that Britain needs a pay rise?
  2. Describe the mechanism through which higher real wages could buoy economic activity?
  3. Why do you think employers have resisted pay increases? 
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Manufacturing and finance job losses blamed for falling real-term wages

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

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Geoff Riley's curator insight, September 5, 2014 1:57 AM

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.

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The Autumn Statement: possibly good politics – but bad economics | News, knowledge and insight

The Autumn Statement: possibly good politics – but bad economics | News, knowledge and insight | Macro - the UK economy | Scoop.it

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Geoff Riley's curator insight, December 6, 2013 7:34 AM

Superb for ambitious Econ2 students

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Consumer spending drives UK economy

Consumer spending drives UK economy | Macro - the UK economy | Scoop.it
Economic growth in the UK was driven by consumer spending in the third quarter of the year, official figures show, and business investment also rose.

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Westminster Business School's curator insight, December 5, 2013 12:39 AM

Questions for discussion

  1. Explain the link between a strong UK pound and a weak export performance.
  2. Are there signs that the UK's recovery is strengthening?
  3. Why does Mr Cook identify the UK's reliance on  consumer spending "as a risk as we head into 2014," 
  4. What explains weaker than expected retail sales in Noveber 2013?
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UK public finances boosted by stronger tax receipts, says ONS

UK public finances boosted by stronger tax receipts, says ONS | Macro - the UK economy | Scoop.it
Good news for George Osborne ahead of autumn statement as public sector net borrowing falls to £8.1bn for month
KCS Economics's insight:

Fiscal policy, budget deficit, autumn statement

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China sees foreign investment rise

China sees foreign investment rise | Macro - the UK economy | Scoop.it
China attracts 5.77% more foreign direct investment in the first 10 months of the year, compared to 2012.
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Eurozone economic growth slows

Eurozone economic growth slows | Macro - the UK economy | Scoop.it
The economy of the eurozone grew by just 0.1% in the July-to-September period, down from 0.3% growth in the previous quarter.
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The misery index: inflation, unemployment and UK 'misery'

The misery index: inflation, unemployment and UK 'misery' | Macro - the UK economy | Scoop.it
KCS Economics's insight:

Should targeting the 'misery index' be a macroeconomic target.  How would it be affected by deflation?  Also read an article on this in your September Economics Today magazines to find out more.

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UK service sector sees strong growth

UK service sector sees strong growth | Macro - the UK economy | Scoop.it
The UK service sector records its fastest growth for almost a year, but recovery in the eurozone slows, closely-watched surveys suggest.

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Self-employment in UK at highest level since records began

Self-employment in UK at highest level since records began | Macro - the UK economy | Scoop.it
Critics say fact that 15% of workforce is self-employed is driving lower pay and retirement income and eroding job security and tax revenue

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Westminster Business School's curator insight, September 1, 2014 10:19 AM

Questions for discusssion

  1. What according to the article is behind the trend of increasing numbers of self-employed?
  2. What according to the article are the pitfalls of being self-employed in Britain today?
  3. What are the implications for government?
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Global Competitiveness Report 2014-2015

Global Competitiveness Report 2014-2015 | Macro - 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.

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Geoff Riley's curator insight, September 3, 2014 2:04 AM

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

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UK inflation rate falls to 2.1%

UK inflation rate falls to 2.1% | Macro - the UK economy | Scoop.it
The UK's inflation rate, as measured by the consumer prices index, fell to a four-year low of 2.1% in November, down from 2.2% the month before.

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Bank of England curtails Funding for Lending Scheme amid fears of housing bubble

Bank of England curtails Funding for Lending Scheme amid fears of housing bubble | Macro - the UK economy | Scoop.it
The Bank of England has moved swiftly and unexpectedly to puncture a new housing bubble, as it diluted a joint programme with the Treasury which has been boosting mortgage lending.

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Thousands use Help to Buy loans

Thousands use Help to Buy loans | Macro - the UK economy | Scoop.it
Some 5,375 new homes were bought in six months in England using the initial phase of the government's flagship Help to Buy scheme, figures show.
KCS Economics's insight:

Fiscal policy, housing market, multiplier, wealth effect, stakeholder analysis...

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Scottish independence: prepare for a fiscal squeeze

Scottish independence: prepare for a fiscal squeeze | Macro - the UK economy | Scoop.it
The Institute of Fiscal Studies has published a very long-term projection of Scotland's public finances if it becomes independent. It makes for awkward reading at St Andrews House, where ministers are soon to publish their own economic case.
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AS Macroeconomics Key Term Glossary

Key term glossary for AS macroeconomics

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Sue Hall's curator insight, January 31, 2014 9:42 AM

Brilliant for AS economists