Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
Economy
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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UK furniture prices to rise as war in Ukraine drives up cost of timber | Manufacturing sector | The Guardian

UK furniture prices to rise as war in Ukraine drives up cost of timber | Manufacturing sector | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
From www.theguardian.com - April 18, 2022 4:14 AM
Trade body says pressure on manufacturers ‘will have to be shared with retailers and consumers’
Graham Watson's insight:

More evidence of the Ukraine conflict on the cost of living crisis, with rising timber prices likely to see the price of furniture also rising according to industry sources. 

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Inflation: Four things that are going up in price and why

Inflation: Four things that are going up in price and why | Macroeconomics: UK economy, IB Economics | Scoop.it
From www.bbc.co.uk - January 23, 2022 4:43 AM
From skincare products to used cars - the items that tell the story of the cost of living crisis.
Graham Watson's insight:

A snapshot of the current inflationary environment, with the BBC highlighting four areas where prices are going up: food, skincare products, furniture and second hand cars. 

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Big UK retailers record sharpest growth in sales since 2018, CBI figures show | Consumer spending | The Guardian

Big UK retailers record sharpest growth in sales since 2018, CBI figures show | Consumer spending | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
From www.theguardian.com - April 27, 2021 5:06 PM
Strong sales in furniture and DIY as lockdown eases but clothing, footwear and department stores still struggle
Graham Watson's insight:

Retailers have seen the fastest growth in sales since 2018, according to the CBI, although, of course, this disguises sectoral differences. However, the overall pattern is positive, with hardware stores, DIY shops and furniture stores seeing the greatest benefit. 

 

Equally, in the supermarket sector, discounter Aldi saw its market share grow for the first time in a year, and Asda became the fastest growing supermarket, indicating a return to shopping in physical stores. 

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Shoppers hit with sharpest price rises in a decade

Shoppers hit with sharpest price rises in a decade | Macroeconomics: UK economy, IB Economics | Scoop.it
From www.bbc.co.uk - February 2, 2022 11:52 AM
The prices of food, furniture and flooring all jumped in January, says trade group.
Graham Watson's insight:

More evidence of inflationary pressure with the BRC-NielsenIQ price index showing that shop price inflation jumped from 0.8% in December to 1.5% in January, with non-food prices, notably furniture and flooring driving the rise.  

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The Great Furniture Delay: ‘We’ll be eating Christmas dinner on our camping tables’ | Supply chain crisis | The Guardian

The Great Furniture Delay: ‘We’ll be eating Christmas dinner on our camping tables’ | Supply chain crisis | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
From www.theguardian.com - December 11, 2021 11:29 AM
Supply chain disruptions have left many UK households waiting months extra for deliveries of sofas and tables
Graham Watson's insight:

The impact of ongoing supply chain issues in the furniture market, with a number of people waiting for their sofas and tables to arrive, with factory shutdowns and delays at ports stopping them from arriving in the UK.

 

Expect more of this to follow... 

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