Definitions

News


House price latest

House prices up by 6.9%.

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Monopoly

A pure monopoly means a single seller with no competitors. Monopoly power may exist when firms have 25% or more market share - this definition is useful for the purposes of regulating of mergers. A complex monopoly is a situation where a number of firms act as though they were a single firm - for example, by jointly raising prices at the same time. A legal  monopoly is a firm that is granted monopoly status by a government.  A natural monopoly is a firm which owns a single infrastructure, such as a gas or electricity provider.

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Alternative finance

Report on the growth of alternative finance.

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GDP latest

UK grows by 0.3% in 2nd quarter of 2017.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

OECD - reducing income inequality will boost growth..more