Economics
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Rescooped by Ollie Whiteley from Welfare News Service (UK) - Newswire
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UK sees further employment growth - Press releases - GOV.UK

UK sees further employment growth - Press releases - GOV.UK | Economics | Scoop.it
The number of people in work has risen by 378,000 over the last year to a record breaking 29.95 million.

Via Steven Preece
Ollie Whiteley's insight:

This article details the rise in employment in the UK over the past year showing how the government is putting effort into reaching its macro economic objective of lower unemployment.

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Scooped by Ollie Whiteley
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VAT cheats crackdown - News stories - GOV.UK

VAT cheats crackdown - News stories - GOV.UK | Economics | Scoop.it
Tax cheats in Scotland and Northern Ireland who try to fraudulently reclaim VAT are being targeted as part of an HMRC taskforce.
Ollie Whiteley's insight:

This article shows how some people try to escape the paying of indirect taxes, such as VAT, which increase cost of production and so cause firms to raise the prices of their goods and services.

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Rescooped by Ollie Whiteley from Electric Cars
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Full-Cost Pricing: Getting the Market to Tell the Truth

Full-Cost Pricing: Getting the Market to Tell the Truth | Economics | Scoop.it

When added together, the many indirect costs to society–including climate change, oil industry tax breaks, military protection of the oil supply, oil industry subsidies, oil spills, and treatment of auto exhaust-related respiratory illnesses—total roughly $12 per gallon.

 

That is on top of the price paid at the pump.

These are real costs.

 

Someone bears them. If not us, our children...


Via Electric Car
Ollie Whiteley's insight:

This article provides a look into how we can help to save the global economy from constantly falling and declining. It suggests that we fully price all goods and not sneak in indirect taxing to help fund the market. 

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Rescooped by Ollie Whiteley from Welfare, Disability, Politics and People's Right's
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A Jobless Generation: UK Govt Creates Worst Youth Unemployment in 20 Years

A Jobless Generation: UK Govt Creates Worst Youth Unemployment in 20 Years | Economics | Scoop.it
Latest figures from the Office for National Statistics (ONS) reveal that the level of long term youth unemployment has reached its worst since 1994.  With 115,000 18-24 year olds out of work for lo...

Via britishroses
Ollie Whiteley's insight:

This article shows how the 18-24 year olds of today are faring incredibly poorly in looking for jobs as they are generally the least skilled of employees. The unemployment levels in this generation have tripled over the last 3 years and it is becoming harder and harder for them to find jobs. This affects hundreds of thousands of lives and is unfair on them that the government can not find enough decent jobs to let them earn a living.

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SFX Resource Centre's curator insight, May 7, 2015 8:12 PM

Topic - Youth Unemployment

Rescooped by Ollie Whiteley from anonymous activist
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Don’t Worry – The Government Says That The Inflation You See Is Just Your Imagination

Don’t Worry – The Government Says That The Inflation You See Is Just Your Imagination | Economics | Scoop.it

If you believe that there is high inflation in the United States, you are just imagining things. That is the message that the U.S. government and the Federal Reserve would have us to believe.


Via Iam Legion
Ollie Whiteley's insight:

This article shows how the official rate of inflation and the real rate of inflation can be incredibly different and altered by the government to make it seem like (in the case the USD) their economy isn't failing despite the fact that ordinary working people can see and experience for themselves how inflation affects their lives.

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Rescooped by Ollie Whiteley from Year 2 Micro
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Non Price Competition: Sainsbury's 'second only to Tesco'

Non Price Competition: Sainsbury's 'second only to Tesco' | Economics | Scoop.it

Via Matt Smith
Ollie Whiteley's insight:

This is a good example of how substitute products and complementary products can be used to alter shops' power in the market and also pric elasticity of demand of their products

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Matt Smith's curator insight, November 13, 2013 8:12 AM

Can you spot the great examples of non price competition in this piece.

Rescooped by Ollie Whiteley from Digital-News on Scoop.it today
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Price Action of the Bank Stocks Indicates Changing U.S. Economic Landscape

Price Action of the Bank Stocks Indicates Changing U.S. Economic Landscape | Economics | Scoop.it
One of the most eagerly anticipated sectors to watch during this earnings season is bank stocks and how they are dealing with the shift in interest rates and the impact on the housing market.

Via Thomas Faltin
Ollie Whiteley's insight:

This article details how banks deal with interest rates and alter stock and other factors to combat changes in interest rates. This also affects the housing market and as such the 'wealth effect'.

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Rescooped by Ollie Whiteley from Digital-News on Scoop.it today
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China's Unquenchable Thirst For Oil Is A Currency-Market Gamechanger

China's Unquenchable Thirst For Oil Is A Currency-Market Gamechanger | Economics | Scoop.it
For years, many have complained that China manipulates its currency, the renminbi (RMB), to keep it low against the U.S.  dollar to make its goods more competitive in foreign markets.
But the U.S.

Via Thomas Faltin
Ollie Whiteley's insight:

China's incredibly high oil consumption is causing a rush of overseas importing, mainly from the USA, and is putting the Chinese currency, the RMB, higher up in relation to the USD and other currencies, stopping complaints that it manipulates its goods and currency to earn more money from exports.

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Rescooped by Ollie Whiteley from FUKUSHIMA 311 WATCHDOGS
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End Taxpayer Subsidies for Nuclear Power

End Taxpayer Subsidies for Nuclear Power | Economics | Scoop.it
  Sign the Public Citizen petition!   By Dr Stuart Jeanne Bramhall   One week we learn the stricken Fukushima nuclear plant has contaminated the entire North Pacific with via the daily discharge of  300 tons of radioactive water into the...

Via D'un Renard
Ollie Whiteley's insight:

This article provides insight into how subsidies are used in industry and shows how many people disapprove of this particular subsidy as, although it would make nuclear energy cheaper in production, the subsidy is from the taxpayers themselves and they are against because of the tragedies in Fukushima as well.

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Rescooped by Ollie Whiteley from Miscellaneous Topics
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UK house prices rise at fastest pace in three years in October - Nationwide | Reuters

UK house prices rise at fastest pace in three years in October - Nationwide | Reuters | Economics | Scoop.it
LONDON (Reuters) - British house prices rose at their fastest annual pace in more than three years this month, helped by government schemes to boost lending and a brighter economic outlook, data from mortgage...

Via David Simpson
Ollie Whiteley's insight:

This article shows how house prices can accelerate at such a fast rate due to the 'wealth effect' causing people to believe they are wealthier than they actually are. This is due to their rising house prices whihc then make sthem feel wealthier so they start looking for higher priced houses cauing other people to feel the effect etc.

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