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The battle for market share in UK supermarkets

The battle for market share in UK supermarkets

The UK grocery market has become increasingly competitive in the past few years. It is a good example of an oligopoly becoming more competitive. Certainly, the growing strength of discount giants like Aldi and Lidl have really shaken up the market and diluted the cosy oligopoly previous enjoyed by the likes of Tesco and Sainsbury. To further add interest, Pound shops are also gaining market share and nibbling away at the margins of the big supermarkets. For consumers, it is largely good news…

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I Hate School

According to Google, one of the most popular web searches in the UK is the phrase “I Hate School”. I wonder why? These days school is supposed to be great fun with lots of interactive learning, personal choice e.t.c. Admittedly there were time when school was painful and brutal (just read Boy by Roald Dahl – and you get an idea of a very different system of schooling where boys could be flogged for talking during prep. e.t.c) These Nobel Prize winners were also  rather condescending towards school –Nobel Prize…

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Valuing Economics

Most of the comments on this blog are questions. I am always happy to receive them as it gives me ideas on things to write. However, I was very pleased to receive a thoughtful comment by Tim from Valuing Economics Tim’s comments on – Why are there many different types of interest rates are probably better than the post itself. On his own blog, Tim Schilling has quite a few thought provoking posts including:The problems inherent in imposing a rate freeze on sub prime mortgages A quick review…