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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UK facing double-digit inflation, John Lewis head predicts | Inflation | The Guardian

UK facing double-digit inflation, John Lewis head predicts | Inflation | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Sharon White says Ukraine war will exacerbate cost of living crisis, with CPI already at 30-year high
Graham Watson's insight:

The cost of living crisis. The gift that keeps giving. 

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John Lewis and Lloyds Bank cut many hundreds of jobs

John Lewis and Lloyds Bank cut many hundreds of jobs | Macroeconomics: UK economy, IB Economics | Scoop.it
The cuts - totalling more than 2,200 - come as both businesses continue their restructuring.
Graham Watson's insight:

More job losses - this time further retail sector job losses, but also banking jobs going too.

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John Lewis announces eight store closures

John Lewis announces eight store closures | Macroeconomics: UK economy, IB Economics | Scoop.it
The retail giant says it will not reopen eight stores once lockdown eases, putting 1,465 jobs at risk.
Graham Watson's insight:

More bad news for retail, more bad news for jobs. If John Lewis is retrenching, it begs the question "Who's next?"

 

That said, if it's in line with consumer preferences, then isn't this what the market dictates.

 

And watch out for the multiplier effects in the towns concerned. Those workers will be spending money in the surrounding area too. 

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