Macroeconomics: UK economy, IB Economics
15.8K views | +0 today
Follow
Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
Your new post is loading...
Your new post is loading...
Scooped by Graham Watson
Scoop.it!

Ocado stockpiles long-life products in case of no-deal Brexit | Business | The Guardian

Ocado stockpiles long-life products in case of no-deal Brexit | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Online grocer says limited warehouse space is limiting reserves and there is little it can do to mitigate feared fresh food import disruption
Graham Watson's insight:

Good news: more stockpiling in the event of a no deal Brexit. That's certainly a good use of resources, and utterly without any opportunity cost. And if Ocado are doing it, you can wager that other supermarkets are too. Not much in the way of economic efficiency for you to see here, officer. 

No comment yet.
Scooped by Graham Watson
Scoop.it!

Brexit: Toilet paper maker stockpiles in a case of no-deal

Brexit: Toilet paper maker stockpiles in a case of no-deal | Macroeconomics: UK economy, IB Economics | Scoop.it
Major toilet tissue producer Wepa has accelerated plans to charter ships to prepare for no-deal.
Graham Watson's insight:

Even toilet paper manufacturers are stocking up, in the hope that Brexit doesn't wipe them out.

 

In this case, manufacturer, Wepa, has stockpiled an extra 600 tonnes of toilet paper in the event of no-deal. Well, it doesn't go off does it - but there's still an opportunity cost.

No comment yet.
Scooped by Graham Watson
Scoop.it!

Drug firm Novartis fears no-deal Brexit could put patients at risk | Business | The Guardian

Drug firm Novartis fears no-deal Brexit could put patients at risk | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Swiss company is stockpiling amid concerns about the supply and safety of medicines
Graham Watson's insight:

More Brexit. More uncertainty. More stockpiling.

 

"And so it goes". To use a literary reference.

No comment yet.
Scooped by Graham Watson
Scoop.it!

‘I don’t trust the government to look after me or my dog’: meet the Brexit stockpilers | Politics | The Guardian

‘I don’t trust the government to look after me or my dog’: meet the Brexit stockpilers | Politics | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Some people are stockpiling food, medicine and even pet treats in anticipation of mass shortages after a no-deal Brexit. Are they overreacting, or should we be following their example?
Graham Watson's insight:

Brexit stockpilers. Are they wise? This article looks at those people fearing the worst, who've adopted a plan to stockpile food and medicine in the event of a 'no deal' Brexit.

No comment yet.
Scooped by Graham Watson
Scoop.it!

Majestic Wine to stockpile 1m extra bottles for no-deal Brexit | Business | The Guardian

Majestic Wine to stockpile 1m extra bottles for no-deal Brexit | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Retailer will hold up to 1.5m more bottles of European wine as part of emergency planning
Graham Watson's insight:

An unintended consequence of Brexit: Majestic are planning to stockpile wine. And this has an opportunity cost...

No comment yet.
Scooped by Graham Watson
Scoop.it!

Government urges post-Brexit drug stockpiles

Government urges post-Brexit drug stockpiles | Macroeconomics: UK economy, IB Economics | Scoop.it
Firms should have six weeks' worth of post-Brexit drug stockpiles by the end of 2020, the government says.
Graham Watson's insight:

Still, at least we can prepare for 2021 in optimistic fashion...ah, wait.

 

It seems that the government are asking pharmaceutical firms to have six weeks of post-Brexit drug stockpiles because it is adamant that there will be no extension to the transition period. I would hate for there to be another wave of coronavirus then; it would leave the government looking pretty foolish.

No comment yet.
Scooped by Graham Watson
Scoop.it!

Brexit stockpiling by UK retailers and wholesalers reaching 2008 levels, says CBI | Business | The Guardian

Brexit stockpiling by UK retailers and wholesalers reaching 2008 levels, says CBI | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Survey, closely watched by Bank of England, finds ratio of stock to expected sales rising
Graham Watson's insight:

See the comments on my previous 'scoop'.

No comment yet.
Scooped by Graham Watson
Scoop.it!

Carmakers ramp up preparations for a no-deal Brexit | Business | The Guardian

Carmakers ramp up preparations for a no-deal Brexit | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
A host of major manufacturers move their business from UK regulators and stockpile parts
Graham Watson's insight:

The UK car industry has been at the forefront of calls for clarity as regards Brexit, but is now making contingency plans in the event of a no-deal Brexit.

 

Yet another cost of this ongoing farce.

No comment yet.
Scooped by Graham Watson
Scoop.it!

Food warehouses 'almost full' ahead of Brexit

Food warehouses 'almost full' ahead of Brexit | Macroeconomics: UK economy, IB Economics | Scoop.it
Firms looking for places to store extra supplies in the run-up to Brexit may be too late, MPs are told.
Graham Watson's insight:

Let the stockpiling begin! I love Brexit, but it seems that the opportunity costs are already mounting up with the UK having run out of warehousing space for firms looking to store extra supplies.

 

The net result of all of this is likely to be higher prices - with the increased costs of storage being passed on to the final consumer, I suspect.

No comment yet.