Macroeconomics: UK economy, IB Economics
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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
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Dyson plans £100m research hub in Bristol city centre

Dyson plans £100m research hub in Bristol city centre | Macroeconomics: UK economy, IB Economics | Scoop.it
The engineering giant says it will be recruiting hundreds of software and AI engineers for the site.
Graham Watson's insight:

Another story about investment and the likely multiplier effects associated with it. This time it's Dyson who are investing in Bristol and looking to recruit software and AI engineers, presumably from the local universities among others. 

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Hunt to set out plan for growth as criticism mounts

Hunt to set out plan for growth as criticism mounts | Macroeconomics: UK economy, IB Economics | Scoop.it
It will be scrutinised by businesses who claim the government has no long-term plan for the economy.
Graham Watson's insight:

Having already 'scooped' something on the Chancellor's speech, ordinarily I wouldn't bother with this article. However, it contains the phrase "the freedoms that Brexit provides" which is worth the admission money alone. 

 

When you stop laughing, you might reflect on what is meant by this: the freedom to run the UK car industry into the ground, the freedom to see the UK pharmaceutical sector slide down the R&D rankings perhaps? And then you might look at the credit side of the ledger. 

sheronlu's curator insight, January 27, 2023 6:18 PM

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If the government is serious about ‘global Britain’, why is it cutting research funding? | Fiona Tomley | The Guardian

If the government is serious about ‘global Britain’, why is it cutting research funding? | Fiona Tomley | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Vital international scientific work, including studies into how viruses spread, is being jeopardised by short-sighted cuts, says Prof Fiona Tomley
Graham Watson's insight:

To what extent is the phrase "Global Britain" as meaningful as "Build Back Better", "Levelling Up" and so on. This article argues that cuts to research funding are another example of actions speaking louder than words, and indicative of Britain losing international status and competitiveness, rather than enhancing them.

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Ford to cut one in five jobs in the UK

Ford to cut one in five jobs in the UK | Macroeconomics: UK economy, IB Economics | Scoop.it
The carmaker will cut 1,300 jobs, mainly at its research and development site in Essex.
Graham Watson's insight:

More bad news for the UK economy as a whole, and car manufacturers more generally, with Ford cutting a fifth of its UK workforce at an R&D site in Essex. 

 

Given other rumblings, most notably from Nissan, is this the death knell for the industry in the sector? You would hope not, but the sector looks pretty beleaguered and the fact that it's in R&S implies that we might be losing our competitiveness in the newest, possibly electric, models. 

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Six charts that show how the UK economy is in crisis | Economic growth (GDP) | The Guardian

Six charts that show how the UK economy is in crisis | Economic growth (GDP) | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
From inflation to tax, labour shortages to R&D, ministers will need to confront these key issues and fast
Graham Watson's insight:

The Guardian provides a helpful series of charts for any wannabe Prime Ministers highlighting the various problems facing the UK economy. 

 

It's quite a roll call: inflation, GDP, tax burden, trade, labour supply and R&D are all issues that need addressing. So nothing serious then - just a catalogue of significant supply-side problems that have been with us for many, many years. 

mike's curator insight, August 26, 2022 9:17 PM
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Sajid Javid must deliver a UK budget that works quickly – a tricky task | Business | The Guardian

Sajid Javid must deliver a UK budget that works quickly – a tricky task | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
The Tories need to satisfy their new northern voters fast. Not easy given the economic problems are structural
Graham Watson's insight:

Larry Elliott looks at the demands on the Chancellor prior to his first Budget. There are many: pork-barrel politics to satisfy Northern Conservative voters, tackling ongoing structural issues that adversely affect productivity such as a lack of infrastructure, low levels of investment in R&D and rigidities in the housing market. 

 

Is the Chancellor going to be able to do all of this at once? It looks a tricky ask.

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