Economics Weekly 5 - Tory Tax Policies, F1 Budget Cap, Help to Buy Scheme, Jobs Market, Cash Trends
This week's Weekly 5 covers stories ranging from a political perspective to a sporting one! If anyone is unfamiliar with this regular feature it aims to provide you with a short summary of some of the most significant and interesting stories of the week across and within economies around the world. This helps keep you up to date with the news, whilst at the same time provide you with examples of economic theories and policies in action in the real world.
This week's top 5 Economics stories, as chosen by our EzyEconomics team:
Conservative Party Leadership Race - The race to be the next Conservative Party Leader and future PM is underway, we assess some of the recent tax pledges made by candidates and relate them to standard economic theory.
F1 Budget Cap - The governing bodies of Formula 1 this week have put in place initial proposals to cap the budgets of all teams competing in the sport, we assess what impact this is likely to have on the market for F1 drivers and also assess the impact on the overall competitiveness of the sport.
Help to Buy Scheme - The UK Government's flagship housing policy was put under the spotlight this week, we assess the impact that this policy has had on the UK housing market and housebuilding firms that operate within it.
Jobs Market - The UK jobs market continues to go from strength to strength with the latest jobs figures highlighting a resilient growth in real pay, we assess the link between prices, wages and interest rates.
Cashless Society - A report this week showed that cash as a payment service is in irreversible decline whilst card payments are soaring, we assess the role of money in an economic system and discuss whether in fact the UK economy can survive without cash.
For each topic, we have designed a question to help your students use the skills they have developed in class and apply them to real-world situations.
Stay tuned for further editions of the Weekly 5 released on Friday's during term time!