All is made clear from this excellent BBC clip
http://www.bbc.co.uk/news/business-30645183#
and this one http://www.bbc.co.uk/news/business-30691883
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Blog Archive
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2015
(214)
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January
(31)
- Gender pay inequality in the UK
- Minimum wage in Santa Fe, USA
- Qatar moves towards a more sustainable economic gr...
- What is quantitative easing?
- Plain cigarette packaging heads for the UK
- Protectionism and free trade: Cuba and the USA
- Inequality in Scotland; the rise of food banks
- The effect of the rising Swiss Franc
- The falling oil price; winners and losers
- The liquidity trap explained
- Why has the price of milk been falling?
- UK debt
- How useful is pareto efficiency?
- How the inflation rate varies between different in...
- Why some inflation is seen as a good thing
- The price mechanism and allocative efficiency
- The history of the CPI basket
- The problems of enforcing the minimum wage
- CPI Inflation falls to a record low
- Deflation in the Euro zone
- Conainer ships; even more economies of scale
- Why has the $ appreciated?
- How has the UK recovered from the recession?
- How wages are determined: The £1000 a week brickla...
- Germany introduces a minimum wage
- Polluted beaches and negative externalities
- Why are petrol prices falling?
- Cigarettes; a demerit good
- New Scottish regulation: No smoking in cars carryi...
- Cleaning up Delhi's air
- Increasing demand for premium gin
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January
(31)
About Me
- Blogger Bryn
- I'm 54 years old and teach Economics at Long Road Sixth Form College in Cambridge and have done so for far too long!
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