Is there such a thing as a ‘fair’ price? Definitely, maybe… September 11, 2024 Oasis tickets have stirred controversy, but the question of how prices are set in a market goes all the way back to Alfred Marshall and Francis Edgeworth, says Paul Ormerod The pricing of tickets for the forthcoming Oasis tour has stirred up a major controversy. This is not just on social media. Lisa Nandy, the [...]
Labour can’t resist flirting with economic populism September 4, 2024 Keir Starmer’s closest advisors spent last week briefing journalists that this government would be straight with people, and that it would reject the “fake populism” of the Tories which, they claim, raised people’s hopes before disappointing them. Labour figures said that the Prime Minister’s doom-laden introduction to the country was more responsible than attempting to [...]
US jobs data takes centre stage as markets bet on Fed rate cut September 1, 2024 US jobs data will take the spotlight for global financial markets this week as investors look for clues on how far the Federal Reserve might go in cutting interest rates.
UK business confidence steady at almost nine-year high in August August 30, 2024 UK business confidence remained at an almost nine-year high in August, a closely-watched survey has suggested, in a positive sign for the country's economic prospects.
UK on track for record number of new company creations in 2024 August 20, 2024 The UK is on track for a record year of new company creations in 2024, new data has suggested, in a positive sign for the country's economic prospects.
UK could be ‘best performing economy’ so far in 2024 after week of data August 16, 2024 It's been a busy week for the Office for National Statistics (ONS), publishing a raft of statistics on the UK economy for traders and Bank of England ratesetters to digest.
UK retail sales tick up in July after summer discounts and Euros boost August 16, 2024 Friday's data is among a raft of economic figures released this week that will provide key indicators for Bank of England policymakers as they decide whether to cut interest rates in September.
UK economy grows 0.6 per cent in second quarter, in line with expectations August 15, 2024 The UK economy grew in line with expectations in the second quarter of 2024, as it continued to bounce back from a shallow recession.
Do long prison sentences work? Economics has the answer August 15, 2024 Sentences deter different groups in different ways - and behavioural economics shows how, says Paul Ormerod
US inflation dips to three-year low August 14, 2024 US inflation reached its lowest since March 2021 in July, coming in at just 2.9 per cent and further strengthening the case for an interest rate cut from the Federal Reserve. Analysts had expected US inflation in July to come in at three per cent, unchanged from where it had fallen to in June. While [...]