Starbucks is in the frame again accused of tax avoidance, with the company paying just £7.2m in UK corporation tax last year out of a gross profit of £149m from sales of £548m #tutor2ueconomics #60secondeconomics #economics #starbucks #taxavoidance #profitshifting
There has been a big rise in profits for Tesco over the last twelve months. They made a profit of £2.3 billion on sales of £68 billion last year and maintained their market share in the face of fierce competition from the likes of Aldi and Lidl. #60secondeconomics
Today's economics in the news is all about the changing basket of goods and services used in calculating the consumer price index. For the first time in over 30 years, vinyl records have reappeared in the basket of products! #60secondeconomics #tutor2ueconomics #inflation
This short looks at examples of labour market failure to revise ahead of your exams. #alevels2024 #tutor2ueconomics #60secondeconomics #edexceleconomics #aqaeconomics #cieeconomics #ocreconomics #ibeconomics
Big competition policy news! CMA believes that the increasing concentration of the industry in the hands of six leading veterinary groups is leading to diminished choice and higher prices. #vets #vetbills #petcare #tutor2ueconomics #60secondeconomics #competition #monopoly
Sad news. Daniel Kahneman, the Israeli-American Nobel-Prize winning psychologist and economist, has passed away at the age of 90. #kahneman #behaviouraleconomics #economics #tutor2ueconomics #60secondeconomics #lossaversion #rationality
French lawmakers have approved a bill that imposes a tax on 'fast fashion' — low-cost, quickly produced clothing that mimics recent trends — of up to €10 per item by 2030. The bill also bans ads for such products. #fastfashion #fashion #tutor2ueconomics #60secondeconomics
I'm a big fan of adidas but my purchases alone have not been enough to save the company from reporting their first loss for three decades. #tutor2ueconomics #60secondeconomics #60secondbusiness #adidas #kanyewest #nike #sportswear #business #business economics
On 1st April 2024, the National Minimum Wage (to apply to workers aged 21 and over) rises by 9.8% to a new level of £11.44 per hour. #microeconomics #macroeconomics #minimumwage #ukeconomy #60secondeconomics #economics #edexceleconomics #aqaeconomics #ibeconomics #ocreconomics
German meal-kit maker HelloFresh has issued a profit warning sending its shares plummeting by over 40%. Margins in the business are being squeezed. #hellofresh #readymeal #mealkit #contestablemarkets #business economics #business #60secondeconomics
What is the #ImpossibleTrinity ? Spare 60 seconds of your day to find out. bit.ly/1iqkvCu #PerseEconomics #60SecondEconomics