Original article: https://www.bbc.co.uk/news/business-55412640

This article outlines and explains how less people were made redundant in November than in many months prior; the explanation for this phenomenon is believed to be the government furlough scheme.

The article says ‘In total 36,700 redundancies were proposed last month, down from a peak of 156,000 in June’. This decline is massive and it shows that people have gained more confidence as there is less uncertainty surrounding the virus. The decline in workers made redundant also shows that some businesses have adapted to the new times. …


Original article: https://www.bbc.co.uk/news/business-55501049

In summery, this article outlines the prominent reasons that more high street jobs were lost this year than any year in the last 25. Although coronavirus was one of these reasons, it was not the only one.

High street retail stores have been struggling for the last five years and corona virus has only accelerated the decline in popularity. The primary reason for job losses in the high street sector is due to the decrease in profits in the shops. Less profit means that revenue has decreased or costs have increased. Due to no significant tax increases…


1) UK borrowing to hit record £394 bn as Sunak warns of ‘economic emergency’:

This article explains how the government has borrowed large sums of money to help British citizens get through the Corona Virus pandemic. It discusses the negative effects of the pandemic on our domestic economy and also speaks about how the borrowing will impact the future of the UK’s economy.

The Uk is facing an 11.3% fall in GDP this year. This means that aggregate demand and aggregate supply fell substantially this year. Even though government spending is higher than ever this year (due to the government’s support throughout the pandemic), consumption, which takes up roughly 60% of AD, has fallen…


The worlds economy is always changing. Small economies grow while others shrink. China is the perfect example. If you had asked someone about China’s economy 30 years ago they couldn’t tell you a thing. Now, it is a world superpower.

There are many ways to measure the wealthiest counties in the world. If we measure by GDP, America has the largest economy worth $21 trillion; in second place is China with a GDP of $13 trillion (however its GDP is growing rapidly). You could also measure the economy with GDP per Capita. The country with the highest GDP per capita…


Capitalism is an economic system in which production is controlled by private owners by means of making a profit. Trade and industry are also privately owned. The opposite of capitalism is communism; communism is a system of social organization in which all property is owned by the community. This system tries to eliminate the gap between rich and poor while capitalism encourages it.

Capitalist counties include the United Stated, the United Kingdom, Germany, and many others. As shown by history, capitalist and communists societies tend to annoy each other. …


The Financial Crisis of 2008 saw the largest global recession since the Great Depression (1930s). The recession lead to extremely high levels of unemployment and scarily high levels of home foreclosure.

The great recession had many causes and was looming for many years before 2008. Many people still wonder why banks didn’t prepare for or try to prevent the recession when they had the chance. The crisis is the product of supply driven market pushed to its limits and failed. The causes of the crisis range from house mortgages to trade.

The UK suffered terribly from the crisis. This is…


In the midst of a world wide lockdown, it has become common knowledge that Sweden strayed from the herd. They did not take ordinary precautions regards the spread of Corona virus. Some people praised their strategies, others condemned it.

Sweden’s government decided not to enforce lockdown. Pupils over the age of 16 didn’t go to school, gatherings of over 50 people were discouraged but not enforced by the law. Restaurants, bars and other public areas stayed open and Swedish citizens were trusted to keep distanced themselves. This is juristically different to the responses of other countries. For example, here in…


The economics cycle, otherwise known as the business cycle, is split into 4 parts. The cycle can be shown graphically as well. The 4 part of the cycle are the boom, recession, trough and recovery.

The boom is the peak of the growth and profit. In this part of the cycle there is low unemployment and high consumer confidence. There is a lot of trade due to high demand for imports and but there is also inflation.

Next in the cycle is the recession. A recession is a fall in GDP in two successive quarter. As the boom is the…


Corporate social responsibility is a company’s commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. This could include a company ensuring they use ethical methods to get their resources or health care of their staff.

Even though it is more expensive for a company to be socially responsible than not, it has many positives. Treating your staff well incentivise them to work; doing environmental work gives the company a good image to the public. This could attract potential customers or employees.

An example of a company with good corporate social…


It in impossible to have rich people without having poor people and visa versa. Throughout history, there has been a massive social and political gap between the wealthy and the non-wealthy. So much so, the distribution of wealth around the world is scary; the richest 0.6% of people hold 40% of the world’s wealth.

Hatred for the rich has been normalised for many years. The workers hate the boss for treating them bad is the classic example. Now, with social media and the ability to see into the one percent’s lives, a lot of the hatred is found in jelousy…

Joe Sinclair

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