Sheffield Forgemasters nationalised. #economics #econ3

Nationalisation is when the state transfers a company from the private sector to the state sector. The a government today nationalised Sheffield Forgemasters. They did this to  ensure the supply or component products for the defence industry. In addition the steel industry has been struggling to compete with foreign suppliers who can manufacture steel forContinue reading “Sheffield Forgemasters nationalised. #economics #econ3”

Moonpig doubles Profits. #economics #econ3

The online card retailer has doubled profits in the pandemic to £92 million.  This boost in profits was caused by a boost to revenue up 113% as people purchased cards online due to the pandemic. Revenue increased to £368 million from April 30th 2020 to April 30th 2021. Questions 1: Calculate revenue for the previousContinue reading “Moonpig doubles Profits. #economics #econ3”

The Guardian view on economic predictions: no time to bank on a recovery

The below was in the guardian today. I offered a brief comment. https://www.theguardian.com/commentisfree/2021/feb/17/the-guardian-view-on-economic-predictions-no-time-to-bank-on-a-recovery?CMP=Share_AndroidApp_Other       My comment. The economy is in a dire state. The pandemic has done untold damage and caused unemployment to rise. As we move out of lockdown firms will hold off re employing workers as they evaluate the long term position. We haveContinue reading “The Guardian view on economic predictions: no time to bank on a recovery”

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?”