By analysing this potential development through the lens of intertemporal choice theory, we can gain valuable insights into how such a tax increase might influence economic activity.
Opportunity Cost: Rent or Buy
The recent divergence between modest house price growth and surging rents poses a complex decision for many: is it better to continue renting or to buy a home? Understanding the underlying economic concept of Opportunity Cost can help clarify this choice. Opportunity Cost is the value of the next best alternative forgone when making a decision. In […]
Energy Price Cap
As gas and electricity prices rise by 10% in England, Scotland, and Wales from October, many households are feeling the pressure. With the new energy price cap in place, the typical annual dual-fuel bill will increase to £1,717, leaving many wondering how to manage the rising costs. Adding to the strain, the government has announced […]