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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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. 

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UK running out of food warehouse space as no-deal Brexit fears rise | Politics | The Guardian

UK running out of food warehouse space as no-deal Brexit fears rise | Politics | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Owners of storage facilities say demand has reached ‘fever pitch’ since last week’s chaos
Graham Watson's insight:

There's an interesting bit of microeconomics here - in that you could use this article to look at the demand for storage space. However, I'm just going to leave it here and suggest that although I'd love to suggest that this is an unintended consequence, and indicative of inefficiency, it's actually all too predictable.

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