Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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Hard-pressed UK shoppers feel food ‘shrinkflation’ | Consumer spending | The Guardian

Hard-pressed UK shoppers feel food ‘shrinkflation’ | Consumer spending | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Consumers increasingly claim that manufacturers are reducing the size of products, Barclays research finds
Graham Watson's insight:

More evidence of shrinkflation, reported by Barclays, with two-thirds consumers noticing the phenomenon as they shop, and as a result many have altered their shopping habits, buying in bulk and reducing discretionary spending. This is something that is also reflected in retail sales figures. 

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Barclays shifts billions of pounds to Dublin because of Brexit

Barclays shifts billions of pounds to Dublin because of Brexit | Macroeconomics: UK economy, IB Economics | Scoop.it
The High Street bank "cannot wait any longer" to shift business to Dublin because of Brexit.
Graham Watson's insight:

Nothing for you to see here, officer, according to Barclays. But it's an oligopolistic market, and where one goes, others usually follow. 

 

#Brexit

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Debt avoided by cutbacks on dining out and clothes, Barclays data shows

Debt avoided by cutbacks on dining out and clothes, Barclays data shows | Macroeconomics: UK economy, IB Economics | Scoop.it
Careful spending is saving some people from debt while others are too frightened to open letters.
Graham Watson's insight:

The latest data from Barclays suggests that consumer spending is weakening as people look to cut back on 'luxury' items like dining out and clothing in an attempting to avoid getting into debt. 

 

As a result, spending is likely to be flat in the months ahead and you should all appreciate what this is also likely to mean for economic growth. 

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