High immigration boosts real GDP

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The home secretary Theresa May will state that immigration has little economic benefit. “at best the net economic and fiscal effect of high immigration is close to zero”. (Independent) There are potential costs of immigration – for example, the UK is struggling to build sufficient housing to prevent rising house prices and rents. But, one …

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Nobody wants a free good?

Readers Question: Is the following concept correct or not – Nobody wants a free good? Firstly, a free good is a good with zero opportunity cost. Water is usually a free good in the UK. Examples of a free good include: Water (where supply is abundant) Air (where supply is abundant) Blackberries growing in the …

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Evaluate methods to avoid product failure?

Product failure is when a new product is launched but fails to gain sufficient sales and market sales, resulting in a net loss for a firm. To understand product failure, it is good to look at a few examples of product failure. (Top 20 product failure here) Some of these examples, give very simple methods …

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There’s no such thing as a free plastic bag

October 2015 will see England introduce a charge of 5p for plastic bags. Early evidence from Scotland suggests that a tax on plastic bags can lead to a significant fall in demand. Supermarkets in Scotland reported an 80% fall in use of plastic bags a month after the charge was introduced. (Times). A study in …

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Inflation rates for pensioners

The ONS produce an RPI pensioner index which is the inflation rate calculated for the spending patterns of the average pensioner. The series is here: RPI Pensioner index CZIT – Percentage change over 12 months: One-person pensioner households index. CZJI – Percentage change over 12 months – Two-person pensioner households index Why do pensioners have …

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Growth of Coffee Shops in UK

When I moved to Oxford in 1995, I don’t remember seeing any coffee shops apart from the odd independent coffee/tea houses. There was no major chain like – Starbucks, Costa, Coffee Republic. Now in 2010, I can visualise at least 10 off the top of my head. Costa coffee shops seem to be springing up …

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Economic policies of J. Corbyn

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Some of the economic policies of J.Corbyn ‘Corybnomics’ include: Ending austerity / more relaxed rules on budget deficits. People’s Quantitative easing ‘Corbyn’s Quantitative Easing’ Higher taxes on high income earners Renationalisation of railways / energy sector National investment bank / funded by removing corporate subsidies / People’s Q.E. Ending Austerity A frequent economic criticism of …

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