As we move towards using electric vehicles in the long term the government may have to introduce road tolls for motorists. Currently fossil fueled vehicles raise around £1100 in tax revenue for the government through road tax and fuel duty. Electric vehicles are taxed at lower rate to encourage consumers to switch to them. OnContinue reading “Road Pricing maybe needed as we move to electric vehicles.”
Category Archives: Economics
The Economic Outlook
The lockdown is coming to an end. I am wondering if there is positive economic news on the way? Today the £ is up based on the success of the vaccines programme. When will growth rebound? The government have minimised the impact on jobs through the furlough scheme and inflation has stayed low. When weContinue reading “The Economic Outlook”
Coronavirus questioning MRP theory.
For many years economic theory has justified the pay of workers based on the revenue that each workers adds to the firm from their employment. This theory could be used to justify high banking salaries as each worker in the city bank on a trading floor adds creates a high amount of additional revenue forContinue reading “Coronavirus questioning MRP theory.”
Will coranavirus change the way we work, rest, shop and play forever?
The coranavirus lockdown is on. After 6 days of lockdown I have begun to realise that the coranavirus will change the way we work, rest, shop and play for ever. The reliance on working from home by being online has created new opportunities. Joe Wicks has become our PE lesson for the day. As aContinue reading “Will coranavirus change the way we work, rest, shop and play forever?”
Econgreenwood 