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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Losing energy support will mean ‘fuel poverty for more than 7m’ in UK | Energy bills | The Guardian

Losing energy support will mean ‘fuel poverty for more than 7m’ in UK | Energy bills | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
A new report calls for targeted help for those who will no longer qualify from changes next spring
Graham Watson's insight:

The Social Market Foundation has suggested that if the government halts its energy support in the Spring this is likely to tip more than 7m people into fuel poverty. These are remarkable figures, and unprecedented. 

 

And equally, is there any prospect of the state aid being continued beyond the Spring.  

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British ‘baby shortage’ could lead to economic decline, says thinktank | Childcare | The Guardian

British ‘baby shortage’ could lead to economic decline, says thinktank | Childcare | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Social Market Foundation suggests measures including better childcare provision to increase birthrate
Graham Watson's insight:

Wow! The Social Market Foundation is playing the long game here, arguing that a declining birth rate is imperilling the UK's long-term prosperity, with low birth rates implying a shrinking supply-side and little prospect of sustained growth in future. 

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Revealed: working class people paid thousands less than middle class peers despite doing same jobs | Class issues | The Guardian

Revealed: working class people paid thousands less than middle class peers despite doing same jobs | Class issues | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Firms should be ‘legally required’ to publish their class pay gaps, says thinktank, after it found salary differences of up to £10,000
Graham Watson's insight:

An interesting article looking at how income inequality can result from difference in social class - with working-class professionals earning significantly less than their middle-class counterparts doing exactly the same job. 

 

Interestingly, there are only three firms in the country who publish  their class pay gap - PwC, KPMG and Clifford Chance - but it is clear that it has a significant effect upon your career earnings. 

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Virus crisis expected to 'level down' UK economy

Virus crisis expected to 'level down' UK economy | Macroeconomics: UK economy, IB Economics | Scoop.it
The South East will be badly hit initially, but other areas will face a painful recovery, says a report.
Graham Watson's insight:

So much for levelling up - the Social Market Foundation are expecting the opposite in the wake of the pandemic, with London and the South East being among the first places to recover and other areas, such as Hull and Bradford, Walsall and Sandwell, struggling to return to pre-crisis levels of output and employment.

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