Macroeconomics: UK economy, IB Economics

It seems that the ongoing situation in the Red Sea is starting to bite - with British businesses noting that there are now delays to shipping and higher costs, which will keep stoking inflation. It's not what the government or anyone else would have wanted. 

This article looks at the effect of the blockage of the Suez Canal on British businesses, with many firms facing the prospect of struggling to get hold of stocks and enduring higher costs, although shipping costs had already been rising. 

Just a parochial look at how the current 'crise du jour' has started to affect the UK economy. 

This article lays bear the extent to which there's been a rise in shipping costs, and the implications of this for UK businesses, particularly a furniture importer.

Not only are there evident shortages, but the price of goods is rising - and this has implications for inflation.

You read it here first. Expect a drip, drip, drip of this sort of story: inflation is going to rise in the New Year as a direct consequence of Brexit. And what's worse, it's going to come at a time when unemployment is rising too. 

What's this called? Stagflation. Gear up for some early in 2021, would be my advice.