Inflation
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Labour 'to raise minimum wage to £8'

Labour 'to raise minimum wage to £8' | Inflation | Scoop.it

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Geoff Riley's curator insight, September 21, 2014 3:49 AM

Labour is promising staged increases in the nominal value of the national minimum wage to a level of £8 by 2020. Earlier this year the Coalition Chancellor George Osborne suggested that he had a £7 target in mind for the near future - the current rate rises to £6.50 in October 2014. How might a substantial rise in the minimum wage affect macroeconomic outcomes such as unemployment, growth and inflation?  

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Bank of England will raise interest rates despite euro gloom, says Mark Carney

Bank of England will raise interest rates despite euro gloom, says Mark Carney | Inflation | Scoop.it
The Bank of England will press on in delivering an interest rate rise despite external threats to the UK economy, Mark Carney tells MPs

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Geoff Riley's curator insight, November 26, 2014 3:33 AM

Good background here on the issue of when the Monetary Policy Committee of the Bank of England may choose to start tightening monetary policy by raising the bank (or policy) rate. Decisions on interest rates are data dependent ... the MPC considers a wide range of evidence when making their decision.

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5 Minute Money Show - Episode 4 - Inflation and Interest Rates Explained using just an Xbox game

My explanation of the relationship between inflation, interest rates and the economy using just an Xbox game.
S6C Business's insight:

You'll need to watch more than just this, but it's a good start from a slightly different perspective! Mervyn King was a previous governor of the Bank of England.

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What causes inflation? - YouTube

What is inflation? Watch our short video to find out more.
S6C Business's insight:

Really good overview of what inflation is and how it is caused.

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▶ How does the Bank manage inflation? - YouTube

What is inflation? Watch our short video to find out more.
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Renewed deflation worries

Renewed deflation worries | Inflation | Scoop.it

Via Geoff Riley
S6C Business's insight:

Excellent info on the possibility of deflation across the EU - and why it's not a good news story to have falling prices...

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Geoff Riley's curator insight, October 15, 2014 8:27 AM

Excellent background reading - the European Union economy is slowing and there are renewed deflationary fears in several countries. Why is deflation something to be worried about? What - if anything - can macroeconomic policy-makers do to lower the risk of another deflation-induced slowdown? 

 

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Interest rates may be held until late 2015 as inflation likely to fall below 1% - The Guardian

Interest rates may be held until late 2015 as inflation likely to fall below 1% - The Guardian | Inflation | Scoop.it
Falling commodity prices and weak wage growth triggers drastic change of view at Bank of England
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Current information about the state of our economy in terms of inflation and interest rates

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Q&A: What is inflation?

Q&A: What is inflation? | Inflation | Scoop.it
What is inflation, how is it calculated and why is the measure important. We explain all.
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NB our syllabus specifies that you know about the CPI measure of inflation

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▶ History of inflation - YouTube

What is inflation? Watch our short video to find out more.
S6C Business's insight:

Published in 2010 so not completely up to date, but gives a good overview of inflation and its problems over the last few centuries.

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