Inflation Hits Target

Inflation is down to the target of 2% for the first time in four years. Alongside this growth in the economy is up, unemployment is slowly falling and business confidence and investment is back on the agenda. The UK recovery is snowballing. The challenge is to ensure it continues without storing up big problems for the future.

2% Inflation

Wage Drop

Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures. Hourly wages have fallen 5.5% since mid-2010, adjusted for inflation, which is the fourth-worst decline in the 27-nation bloc. By contrast, German hourly wages rose by 2.7% over the same period. Where does this leave the UK Economy?

UK Wage Decline

Interest Rates Held Until Unemployment Falls

Bank of England governor Mark Carney has said the Bank will not consider raising interest rates until the jobless rate has fallen to 7% or below. This would require the creation of 750,000 jobs and take up to three years. Follow the link to see how optimistic Carney was about the UK Economy.

Interest Rate Promise

UK Car Sales Boom

UK car sales boom raises industry hopes. Car sales jumped by almost 15% in April compared with the same month last year, defying a slump across Europe. Is this an encouraging sign for the UK Economy that confidence is beginning to return as consumers become more willing to part cash for big purchases?

UK Car Sales Boom

Has the UK economy turned the corner?

ONS data shows that Britain avoided recession with 0.3% GDP growth in the first quarter but do you think it's enough? See what the rest of the public think and place your vote on how confident you are the UK economy has turned the corner. Just follow the link.

UK Economy Poll

Spain Unemployment Hits High

Spain's unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures which means 6 million people are out of work. What problems does this create?

Spain Unemployed

AS Micro/Macro Exam Tips

An excellent selection of hints and tips for Economics students to help them prepare for the upcoming unit two exam or the re-sit of unit one. Take a look by following the link:

Hints & Tips

UK Avoids Triple Dip

The UK economy has avoided falling back into recession. The Office for National Statistics said its preliminary estimates for GDP, showed the economy grew by 0.3% in the first three months of the year.

UK Avoids Triple Dip

Inflation Rise To 2.8%

UK inflation as measured by the Consumer Prices Index rose to 2.8% in February from 2.7%, thanks in part to rising energy prices. This article explains the consequences this may have on the economy and why inflation may be set to continue to rise.

Inflation 2.8%

Minimum Wage To Rise

Minimum wage to rise but 1% hike for young falls behind inflation which leaves Vince Cable defending lower 4p and 5p rise for under-21s as adult minimum wage increase by 12p an hour. What effect will this have on the economy/AD?

Minimum Wage Rise

High Inflation Can Be Helpful

The high inflation plaguing the UK's economy is better than the alternative of higher unemployment, top Bank of England policymaker David Miles argued over the weekend.

High Inflation

Europe's Political Football of Austerity

The Champions League quarter final between Borussia Dortmund and Malaga is a metaphor for the economic and political fault lines of Europe. Can you think of what each club may represent? Find out more in this interesting article by following the link.

Football Austerity

Top Advice

Remember AS Economists to send over your top advice to share with other students about either revision or a key topic area. Create a quote then enter it at the following site & send it over.

Recite This

Trade or Bust?

Tuesday's survey by the British Chambers of Commerce, which indicates that overseas sales of goods and services by UK companies may be recovering a bit faster than expected, matters a good deal. Find out more by checking out the article.

Trade or Bust

Britain Without London

What would Britain be like without London? It is the financial hub of the country with a large proportion of GDP generated by the capital alone. Stephanie Flanders investigates this interesting scenario.

Letting London Go

Budget Calculator

Almost a week since George Osborne delivered his budget for 2013. However after the dust has settled and policies have been analysed how does it all fit together? Find out more by checking out the link below.

The Budget 2013

Cyprus Bailout

Cyprus struck a last-minute bailout deal aimed at preventing the island becoming the first country forced out of the single European currency. Find out more about this story by following the link below.

Cyprus Bailout

Understanding Economics...

Excellent cartoon which helps us explain how we need to be able to make the links between causes and consequences that occur in Economics.

A Decade of Rot?

As mentioned in class Zombie Britain is a series of small films as apart of Channel 4 news and their build up to the budget. If you haven't managed to catch them then read up here on what Faisal Islam has to say on what he calls a decade of rot for the UK economy. Even better you can follow Faisal on twitter @faisalislam

Zombie Britain

Tax Cuts To Solve Crisis?

We can't spend our way out of economic crisis. But we can cut taxes. The consensus is against austerity but throwing money at the problem is not the answer. Fiscal stimulus can come from tax breaks too. Great reading for AS economists about some concepts of policy and AD/AS. Can you draw the diagrams?

The Budget Plans