Economics Articles

Essays on topical issues, latest developments in UK and global economies, and answers to readers questions

New AS Economics – Edexcel revision guide

Posted on July 1, 2015

I have just finished the new version of AS Edexcl economics revision guide. It is updated for the new syllabus, which will be used for first exam in 2016. The Edexcel AS revision guide is 108 pages, 20,800 words. More details here: AS Edexcel Revision Guide £5.00 Network license for schools For schools, I am …


Effects of a budget surplus

Posted on June 13, 2015

The chancellor George Osborne has recently announced a plan to enshrine budget surpluses in law. It is worth noting, that budget surpluses are quite rare in the past 120 years. The argument of the chancellor is that with national debt ‘unsustainably high’ – periods of economic growth should be taken as an opportunity to pay …


Can Labour be blamed for the economic crisis?

Posted on June 12, 2015

Readers Question 1. Can Labour be blamed for the economic crisis (i.e. did they really ‘overspend’)?  My view is that the global economic crisis is to blame, and that Labour could have spent less but that this is easy to say with the benefit of hindsight. I don’t think there is any economist who would …