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US-China trade

Tensions raised as tit-for-tat trade dispute escalates. 

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Alternative finance

Report on the growth of alternative finance.

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Question 1

The following figures relate to the demand and supply of Office Cleaners at certain wage rates. The demand and supply figures are in (000s):

Wage rate per hour (£) Quantity demanded  (000) Quantity supplied (000)
1 100 55
2 90 60
4 80 65
5 70 70
6 60 75
7 50 80
8 40 85
9 30 90
10  20 95

  1. Plot the demand and supply curves and show the market wage rate and employment level.
  2. Illustrate and comment on the likely impact of a national minimum wage of £9.00 per hour for all workers.

Question 2

  1. Draw a graph to show the effect of a labour strike on the wage rate and the quantity of labour employed. What determines how big or small the effect will be?

  2. What is the likely effect on the wage rate of dentists and the quantity of dentists employed if they become more skillful and productive, while at the same time fewer students apply to study dentistry at university.


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Sainsbury's-Asda merger

Sainsbury's and Asda confirm merger plans.

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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

Bank of England - cuts interest rates to 0.25%..more.

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