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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What next for the UK's deserted public transport network? | UK news | The Guardian

What next for the UK's deserted public transport network? | UK news | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Train and bus firms urgently need to find a route back to viability amid the Covid-19 crisis
Graham Watson's insight:

Just some many starting points here - the importance of public transport, the extent to which it generates positive externalities, but let's start with a remarkable statistic.

 

Since the start of lockdown, "Each passenger journey, on average, has cost the public purse £100 since lockdown." Wowsers!

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UK attracts £2.3bn in tech investments and 1,600 new jobs

UK attracts £2.3bn in tech investments and 1,600 new jobs | Macroeconomics: UK economy, IB Economics | Scoop.it
Investments, jobs and a fund to support UK firms expanding globally have been announced by Theresa May.
Graham Watson's insight:

At last, some good macroeconomic news: high levels of tech investment. Multiplier effects, and positive externalities, all round!

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Coronavirus: Rail services to be increased as travel restrictions ease

Coronavirus: Rail services to be increased as travel restrictions ease | Macroeconomics: UK economy, IB Economics | Scoop.it
Train operators and the government are planning to increase rail services from mid-May onwards.
Graham Watson's insight:

It seems that, at some level, we are entering the post-lockdown phase of the coronavirus pandemic, with transport services restarting.

 

This article makes the vital role of public transport plays in a functioning economy and might give rise to some discussion of the positive externalities that it generates across the country.

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