@HSFCEconomics @HSFCEconDP
Hereford Sixth Form College Economics Department hereford.ac.uk Hereford Joined September 2016-
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A battery with a capacity of one kilowatt-hour that cost $7500 in 1991, was just $181 in 2018. That’s 41 times less. Prices are still falling steeply: the cost halved between 2014 and 2018. A halving in only four years. ourworldindata.org/battery-price-…
Just finishing a presentation for tomorrow on the UK's public finances. Here's a chart (I like charts 🤓) comparing government debt across the G7...
Public debt is now £2.2trn. The Office for Budget Responsibility has estimated that if interest rates rose by only 1% – to a level that would still be very low by historical standards – annual UK debt interest payments would rise by £21 billion. ft.com/content/0e48c8…
Stock market boom continues - The Monday Briefing blogs.deloitte.co.uk/mondaybriefing…
Interesting reading - Britain’s surprising jobs market - The Monday Briefing. Make sure you subscribe. blogs.deloitte.co.uk/mondaybriefing…
In May 2020 NHS Test and Trace (NHST&T) was set up with a budget of £22 billion. Since then it has been allocated £15 billion more: totalling £37 billion over two years. Money well spent or chronic government failure? tinyurl.com/yjy6bgat
Key fiscal issue to consider: government debt at historically high levels, yet debt interest has never been so low due to central bank 'cheap money' policies. How long can this last?
Despite high #PublicDebt, for many governments debt servicing costs have never been so low. Normalising both #FiscalPolicy and #MonetaryPolicy is an important task for the longer-run #BISAnnualEconReport bit.ly/3A7md5t
More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic. bbc.co.uk/news/business-…
is inflation at most dangerous point in decades? gbnews.uk/shows/andrew-n…
Were lockdowns a good idea? There was never anything remotely resembling a consensus for lockdowns in any broad circle of academic opinion incl. among economists. realclearmarkets.com/articles/2021/…
Due to lockdown mitigation policies UK national debt now stands at over £2 trillion. £32,000 per person. The UK will pay £40bn this year in interest just to service this debt. If interest rates rise to just 1% that will double to £80bn. gbnews.uk/shows/andrew-n…
The moment the teacher tells her pupils that as of now no more masks are required in the State of Israel.
UK inflation surging sharply upwards. It jump to 2.1% in May as clothes and fuel prices rise. bbc.co.uk/news/business-…
Free market economist Don Boudreaux on some of the problems with the concept of market failure. aier.org/article/this-c…
Poverty, wage inequality, and the gap between the poorest and wealthiest countries are all likely to be exacerbated by lockdowns. See: collateralglobal.org/article/resear…
Leaked tax documents show tax-avoidance strategies meant the 25 richest Americans paid just $13.6bn in federal income taxes from 2014 to 2018. Their collective wealth rose to an est. $401bn by 2018. A true tax rate of only 3.4%. tinyurl.com/y34jkoqs tinyurl.com/y3ofbeg9
Don Boudreaux of @CafeHayek on: "the inconceivably complex and spontaneously ordered web of economic relationships and processes, a mix of peaceful competition and cooperation" that is a market economy. tinyurl.com/yhl4bcha
@iealondon Economics 101. Good for recapping basic microeconomic concepts. youtube.com/playlist?list=…
As lockdown restrictions ease UK inflation, though still below the target rate, has started to surge rapidly. Temporary blip or threatening trend? Time will tell. bbc.co.uk/news/business-…
The government borrowed 14.5% of the value of everything produced in the UK economy in 2021, a higher amount than at any time since World War 2. ft.com/content/68804d…
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