Questions and answers about
the UK economy.

New PostTrade & supply chains

Sanctions on Russia: what are the ramifications of this new trade war?

Following the invasion of Ukraine, Western sanctions have targeted Russia’s trade, companies, individuals and financial sector. The measures, which are far more wide-ranging than those following the annexation of Crimea in 2014, raise big legal and economic issues for the world trading system.

Festival of Economics 2022

Tickets on sale September 2022. View the programme here.

Lessons from history

What can we learn from the role of coal in the Industrial Revolution?

Coal played an important role in the Industrial Revolution, but the air pollution it created eventually acted as a drag on economic growth. As we seek to achieve a net-zero economy, there are important lessons from the energy and industrial transitions ushered in by coal.

Banks & financial markets

What would the currency options be for an independent Scotland?

If Scotland were to become independent from the rest of the UK, it would need to decide what currency to use. Options include sticking with sterling, creating a new national currency or joining a monetary union, such as the eurozone.

Aid & international development

How is the war in Ukraine affecting global food security?

War in the ‘breadbasket of Europe’ is having a big impact on food security across the continent and the wider world. Crop shortages and the rising prices of food, fuel and fertiliser could become a source of further conflicts.

Data Hub

Live and interactive charts and visualisations, making sense of the latest numbers

Business, big & small

What next for the growth of women’s football?

Women’s football matches are attracting record crowds, but funding still lags far behind the men’s game. Clubs that are putting money into their women’s teams are seeing the positive effects, but biases in perceptions of quality and potential are limiting further investment.

Business, big & small

How is the cost of living crisis affecting retailers and their customers?

Retail sales are falling. As many consumers struggle to afford basic products, their spending habits and where they shop are changing. Some retailers are struggling to stay profitable, as sales decline while the costs of goods, energy, transport and staff rise.

Lessons from history

Sterling crisis: what are the historical precedents?

The pound is currently weak against the dollar and, to some extent, the euro. Past currency crises show that the sterling exchange rate can be vulnerable to expectations about the economy, which today may be influenced by the cost of living crisis, post-Brexit trade and prospects for growth.

All Answers