Becket Economics
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UK workless household numbers falling, says ONS

UK workless household numbers falling, says ONS | Becket Economics | Scoop.it
The number of UK households where no adult aged 16 to 64 is in work has continued to fall, official figures show.
Joshua Pinto's insight:

This article talks about a lot of people ages 16-64 out of work and economically inactive. They are many reasons for this as the article suggests. These inactive people could be producing goods and providing services. This is lost output and this lost output can never be replaced again.

 

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Business investment helps UK growth

Business investment helps UK growth | Becket Economics | Scoop.it
Official figures confirm that the UK economy grew by 0.7% in the final three months of 2013, helped by rising business investment.
Joshua Pinto's insight:

Business Investment has helped the UK grow as this is a factor of aggregrate demand. This is probably due to the fact that interest rates have been low so businesses have been inclined to borrow loans from banks.

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UK GDP growth confirmed at 0.7% as business investment rises

Official figures confirm that the UK economy grew by 0.7% in the final three months of 2013, helped by rising business investment.
Joshua Pinto's insight:

The UK economy is growing and the GDP figures show this. The article talks about business investment rising which is a factor which affects the growth of our economy. The rise in business investment may have been due to the fact that our economy has low interest rates. The low interest rates may mean businesses went to banks to ask for loans as low interest rates attracted them and they invested the money in improving their capital or improving the skills of the labour force. Overall, this rise in business investment is helping our economy to grow.

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Interest rates 'to rise in 2015'

Interest rates 'to rise in 2015' | Becket Economics | Scoop.it

prrUK interest rates are likely to rise for the first time since the financial crisis in the spring of 2015, one Bank of England policy maker says.

Joshua Pinto's insight:

Interest rates predicted to rise in 2015 which means the demand for loans will fall, however this may mean the demand increases this year as people know that this is the last year interest rates will be low and so with ask for loans so they can spend the money. I expect many people to move house this year with the interest rates at it lowest which will encourage people to take full advantage 

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UK unemployment falls by 125,000

UK unemployment falls by 125,000 | Becket Economics | Scoop.it
UK unemployment drops by 125,000 to 2.34 million, with the rate now at 7.2%, the Office for National Statistics says.
Joshua Pinto's insight:

Unemployment is dropping which ia a step in the right direction. It is currently 7.2% and almost reaching the target of 7% originally set. 

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How BT v Sky cements football's status quo

How BT v Sky cements football's status quo | Becket Economics | Scoop.it
BT's European football TV deal is great news for the Premier League, but even better news for the Champions League elite
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Budget introduces indirect tax hikes

The cost of alcohol, tobacco and fuel will go up as the treasury minister plans a duty rise in the budget.
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Putting tax on a product discourages the use of it as it becomes more expensive to produce and sell
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Housing demand 'higher than supply'

Housing demand 'higher than supply' | Becket Economics | Scoop.it
House prices have risen again as interest from buyers outstripped the number of properties coming onto the market, according to a report.
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Brazil not cheap for World Cup fans

Brazil not cheap for World Cup fans | Becket Economics | Scoop.it
The cost of living has skyrocketed in Brazil in recent years, and prices are expected to rise further during next year's World Cup.
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Page 8 The Biggest Trends in Business for 2013

Page 8 The Biggest Trends in Business for 2013 | Becket Economics | Scoop.it
Page 8 Our look at new directions in business and how they will affect you in the coming year -- and beyond.
Joshua Pinto's insight:

This shows a good trend. The good thing is that the energy drink company's are gaining more money which means they can invest more money in experimenting with more ideas and products. Also, it means they can produce more of the current products and sell more of them in a wider area eg. from nationally to globally. Also, energy drinks are also good for quick bursts of energy eg. quick physical activity however, Red Bull also claims to help in concentration and studies. The article also shows that young people are buying the energy drinks which means the marketing of the drinks eg. Red Bull is good. Young people are active and many studying which means Red Bull is the ideal beverage and so buy it.

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India's growth slowest in a decade

India's growth slowest in a decade | Becket Economics | Scoop.it
Latest GDP figures show that India's economy grew by 5% in the 2012-13 financial year, the slowest pace for a decade.
Joshua Pinto's insight:

Many people think that India is a fast developing country soon to be one of the most powerful countries in the world. They also think that its economy rate is growing rapidly however, research shows that India's economy rate is at the slowest its ever been in a decade. A few years ago the rate was 70 rupees to 1 GBP this has now changed to around 95 rupees to 1 GBP. This shows the amount of decline there has been in India's economy. Research aslo shows that everything in India has become a lot more expensive than it ever has been. However, steps are now being taken to boost the economy and bring it back to its quick rising steps it was once.

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UK manufacturing rises in February

UK manufacturing rises in February | Becket Economics | Scoop.it
UK manufacturing grew faster than expected in February, with employment in the sector expanding at its fastest pace in almost three years.
Joshua Pinto's insight:

The manufacturing side of the economy rose in February which saw the fastest groth in jobs since March 2011.

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UK retail sales rise strongly, CBI survey finds

UK retail sales rise strongly, CBI survey finds | Becket Economics | Scoop.it
High Street retailers are optimistic after strong growth in sales since last February, a CBI survey indicates.
Joshua Pinto's insight:

Consumer spending rising which is a factor which affects economic growth

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G20 targets extra economic growth

G20 targets extra economic growth | Becket Economics | Scoop.it
Financial leaders from the 20 biggest economies set a goal of generating $2 trillion in additional output over the next five years.
Joshua Pinto's insight:

Economic growth is predicted to increase by 2% more. This will mean people will become more well off if you ignore inflation. Consumers will also have more goods and services to enjoy in their leisure time as output will increase and the people producing this output will see a rise in their income. This is good for the government as ot means they will be able to enforce more/higher taxes. The article also talks about unemployment to fall which is a macroeconomic target

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Carney adjusts interest rates policy

Carney adjusts interest rates policy | Becket Economics | Scoop.it
Bank of England governor Mark Carney overhauls the Bank's interest rate policy to reflect falling unemployment and the economic recovery.
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Mark Carney says interest rates won't rise until unemployment falls below 7%

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Carney: No rate rise needed

Carney: No rate rise needed | Becket Economics | Scoop.it
Bank of England governor Mark Carney says there is "no immediate need to increase interest rates".
Joshua Pinto's insight:

Not increasing the interest rates will mean that the people in the UK will be encouraged to apply for loans at banks as they know that they won't be paying loads back. With these loans the people will spend their money on perhaps buying a house which will boost consumer spending which is one of the four points which help boost our economy. Low interest rates will encourage consumer spending which will help in the development of the uk economy

 

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China unveils electric car subsidies

China unveils electric car subsidies | Becket Economics | Scoop.it
China unveils a new round of subsidies for fuel-efficient vehicles in a bid to combat rising air pollution in its major cities.
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China using electric cars a subsidy for normal cars as they want to reduce the amount of pollution made from standard cars.
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31% pay 'unaffordable' housing costs

31% pay 'unaffordable' housing costs | Becket Economics | Scoop.it
Thirty one per cent of people paying a mortgage or rent spend more than a third of their disposable income each month doing so, a survey for BBC Panorama suggests.
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What went wrong at JJB Sports?

What went wrong at JJB Sports? | Becket Economics | Scoop.it
As an example of what can go wrong at a previously successful retail business JJB Sports - which has fallen into administration - has few rivals.
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GDP growth beats forecasts; may boost case for Fed move

GDP growth beats forecasts; may boost case for Fed move | Becket Economics | Scoop.it
WASHINGTON (Reuters) - The U.S.economy accelerated sharply in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program.Other...
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EXCLUSIVE: Bank of England Governor: 'It's time to get spending'

EXCLUSIVE: Bank of England Governor: 'It's time to get spending' | Becket Economics | Scoop.it
Mark Carney, the governor of the Bank of England, has told Notts firms: it's time to get spending.
The UK economy heavyweight sought to give businesses a confidence boost as he came to Nottingham to...
Joshua Pinto's insight:

This article says that Mark Carney, bank of England Governor has promised to keep the interest rates on loans until the unemployment rate goes down to 7% which could be in around 2015. This allows people to start spending now without having the worry of being in loss. This will give the smaller companies confidence in getting loans without them being in loss or trying to pay off the money along with the high interest rates. This will aslo help the civilians of the UK looking to buy expensice things such as cars and houses. Thanks to Mark Carney we can now spend freely.

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