Posts for Economy

How the world ran out of semiconductors

Hamza Mudassir, Cambridge Judge Business School There’s a global shortage in semiconductors, and it’s becoming increasingly serious. The US is currently reviewing its supply of the technology, following a landmark executive order from President Joe Biden. The president also pledged US$37 billion (£26 billion) to cover the short-term costs of […]

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Fuel duty frozen

Fuel prices have been creeping up again, and in Bude yesterday, diesel was 124.9 a litre. Down here, it is especially key. For two health related journeys yesterday, I drove over 100 miles, and I’m not alone. Following the announcement in yesterday’s Budget that fuel duty will continue to be […]

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E10 petrol is on its way

The Department for Transport has confirmed E10 petrol will be introduced at UK forecourts in September. The fuel, which consists of 90% unleaded petrol and 10% bioethanol, could cut transport CO2 emissions by 750,000 tonnes a year – the equivalent of taking 350,000 cars off the road. RAC fuel spokesman Simon […]

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COVID stamp duty holiday reveals big problems in the housing market

Michael Ball, University of Reading The UK housing market has been affected by the pandemic, but in ways that were not anticipated at the outset. Initially, forecasters thought that the sharp reduction in economic activity could lead to a housing market crash. That didn’t happen. Parts of the market have […]

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Amsterdam ousts London as Europe’s top share hub, taking trading back to where it all began

Courtyard of the Amsterdam Stock Exchange, circa 1670, (Job Adriaenszoon Berckheyde). Wikimedia Edward Thomas Jones, Bangor University and James Bowden, University of Strathclyde Amsterdam has usurped London to become Europe’s biggest hub for trading shares. It is quite a shift for a city that was fifth behind Paris, Frankfurt and […]

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Petrol prices rise yet again

From the RAC: The price of petrol shot up by 3.5p to 120p a litre in January – a price last seen the day before the first Covid-19 lockdown on 22 March 2020 and the third consecutive monthly increase, data from RAC Fuel Watch reveals. Diesel also went up by […]

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GameStop: hedge fund attacks have opened up powerful new front against Wall Street

Wall Street under attack. Javen James Bowden, University of Strathclyde and Edward Thomas Jones, Bangor University In the dying days of 2009, Rage Against the Machine achieved the unlikeliest of Christmas number ones with a re-release of their anti-establishment anthem Killing in the Name. This was driven by an online […]

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No penalty for late tax return – with conditions

From HMRC: Self Assessment customers will not receive a penalty for their late online tax return if they file by 28 February, HM Revenue and Customs’ (HMRCs’) Chief Executive Jim Harra has announced. More than 8.9 million customers have already filed their tax return. HMRC is encouraging anyone who has not yet […]

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Why another lockdown might be needed in February 2021

Peter Sivey, University of York and James Gaughan, University of York England recently emerged from a four-week lockdown into a series of tiered restrictions, and there is good news about the authorisation of the first vaccine for COVID-19, which is starting to be deployed. But with restrictions loosened, infection rates […]

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Christmas markets: their long history and changing future

The 2019 Christmas market in Birmingham, UK. Shanae Ennis-Melhado/Shutterstock Aurélie Bröckerhoff, Coventry University and Cristina Galalae, University of Leicester Wooden huts with twinkling fairy lights, festive hubbub, and the aromas of roasted chestnuts and glühwein – this picture-postcard setting is recreated annually across UK towns and cities in December. This […]

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