International Economics: IB Economics
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International Economics: IB Economics
Economy
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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Government borrowing higher than expected in November

Government borrowing higher than expected in November | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - December 21, 2023 8:42 AM
Government spending rose as benefit payments offset the ending of support for energy bills.
Graham Watson's insight:

Government borrowing was £14.3bn - higher than the £13bn expected by some. The cause of this appears to be a rise in benefits spending which more than offset the ending of government support for energy bills. 

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Germany announces €65bn package to curb soaring energy costs

Germany announces €65bn package to curb soaring energy costs | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - September 4, 2022 2:48 PM
The move to shield citizens and businesses comes as Europe struggles to wean itself off Russian energy.
Graham Watson's insight:

The Germans have gone first, announcing a raft of measures designed to tackle the energy crisis, focusing on getting money into the hands of the most vulnerable, caps on energy bills, tax breaks for energy-intensive industries and a windfall tax on  energy companies. It will be interesting to see how our response measures up. 

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Energy bill help for all is too expensive, warns the World Bank

Energy bill help for all is too expensive, warns the World Bank | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - October 26, 2022 6:16 AM
Some Covid help was not targeted enough and the same is happening with energy bills, its president says.
Graham Watson's insight:

The World Bank has determined that in the face of the current energy crisis, an untargeted response supporting all households is both inappropriate and unaffordable. It's something that was responsible for the panicked reaction of financial markets to the mini-Budget.

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Scooped by Graham Watson
Scoop.it!

Millions start getting £326 cost-of-living payment

Millions start getting £326 cost-of-living payment | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - July 14, 2022 4:55 AM
The first £326 payment will be paid by the end of July, the government has said.
Graham Watson's insight:

The government's response to the cost of living crisis - two payments of £326 now and £324 in the autumn - will start being paid this week. That said, rising energy bills alone will swallow up all of this. 

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