Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Inflation - definition

Inflation refers to a rise in the average level of prices sustained over time, which also corresponds to a fall in the internal (domestic) purchasing power of money.

This can be contrasted with deflation which is a fall in the average level of prices, and disinflation, which is a fall in the rate of inflation - say, from 3% to 2%.

Some inflation is considered 'acceptable' - hence the target for infation in most advanced economies is 2% (rather than 0%).

WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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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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Savings ratio

Savings ratio falls to lowest level on record.

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