Brexit latest. UK Election called for 12th December.Read more
The Marshall-Lerner condition, which states that a currency devaluation will only lead to an improvement in the balance of payments if the sum of demand elasticity for imports and exports is greater than one, is named after English economist Alfred Marshall (1842-1924) and the Romanian born economist Abba Lerner (1905 - 1985).
UK economy contracts by 0.2% in 2nd quarter of 2019.Read more
Regulators find leading model agencies guilty of price fixing.Read more
Costs and benefits of customs unions.Read more
Savings ratio falls to lowest level on record.Read more