Home > DocuBase > Article

« All DocuBase Articles

 

Follow DocuTicker on Twitter   Feed

Tuesday, 4th March 2014

UK: The Great Resource Price Shock

Source: Green Alliance (UK)

From Summary:

Over the past decade, world prices of key resources have risen sharply and have been highly volatile. Between 2003 and 2013, world fuel prices rose fourfold, metal prices trebled and food prices roughly doubled. This sharp rise, affecting most commodity groups, is in marked contrast with much of the 1980s and 90s, when real commodity prices generally declined. In this policy insight we call this recent phenomenon the ‘great resource price shock’ and explore its impacts on inflation and living standards in the UK. We also discuss the factors likely to influence its future evolution and the policy responses available to mitigate it.

Since 2003, rising food and energy bills have pushed up the overall inflation rate by around 0.5 percentage points per annum and have made the task of controlling inflation more difficult for the Bank of England. These higher bills have also made a significant contribution to declining real living standards in the UK with poorer households particularly affected. We have calculated that, if food and fuel prices had just kept pace with other consumer prices since 2003, the average household could have saved over £1,000 on its food and household energy bills in 2012. Given that the UK is becoming more dependent on imported commodities, rising resource prices will have increasingly adverse impacts on the UK economy.

+ Direct link to document (PDF; 1.3 MB)

+ Infographics (PDF; 1.8 MB)


Category:

Source:


Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »



Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles

 

FreePint

FreePint supports the value of information in the enterprise. Read more »


FeedLatest FreePint Content:


  • Click to view the article The Risks of Digital Communication
    Friday, 3rd July 2015

    Bernadette John is an expert in digital professionalism. She explains why information professionals should be taking the lead in ensuring staff possess appropriate skills to be professional in the digital environment - and what can go wrong if they don't.

  • Click to view the article Reflecting on the FreePint Topic Series "Best Practices in Information Skills Development"
    Friday, 3rd July 2015

    As the FreePint Topic Series: Best Practices in Information Skills Development concludes, co-producers Sarah Huibregtse and Val Skelton highlight key themes that have emerged from the series. These include the evolution of the user, the constant shift of organisational priorities, needs analysis and development of objectives, skills development strategies, changes in delivery methods, and building partnerships. Additionally, some initial thoughts regarding the skills development strategy research are shared.

  • Click to view the article Results from FreePint Research into Skills Part 2 - What's On Offer
    Thursday, 2nd July 2015

    In part two of her analysis Robin Neidorf reports further on FreePint's research into how information professionals address skills development. She drills down into the findings to give detail on the scope of existing programmes to support information skills development, and the overall culture around development - with specific comments about development for information professionals and development for knowledge workers. Preference for different formats for training are highlighted as well as go-to sources for programmes and training.

  • ... more ...

All FreePint Content »
FreePint Topics »


A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.


FreePint Testimonials

"FreePint has lots of content that looks really interesting to read, I look forward to getting my teeth into it." Information Officer, Law firm

Read more testimonials and supply yours »







 

 
 
 

Subscribe

Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »

Sources

All DocuBase Sources »

Source Categories

All Source Categories »

Archive

All Archives »