There has been a big rise in profits for Tesco over the last twelve months. They made a profit of £2.3 billion on sales of £68 billion last year and maintained their market share in the face of fierce competition from the likes of Aldi and Lidl. #60secondeconomics

Starbucks is in the frame again accused of tax avoidance, with the company paying just £7.2m in UK corporation tax last year out of a gross profit of £149m from sales of £548m #tutor2ueconomics #60secondeconomics #economics #starbucks #taxavoidance #profitshifting

On 1st April 2024, the National Minimum Wage (to apply to workers aged 21 and over) rises by 9.8% to a new level of £11.44 per hour. #microeconomics #macroeconomics #minimumwage #ukeconomy #60secondeconomics #economics #edexceleconomics #aqaeconomics #ibeconomics #ocreconomics

What is the #ImpossibleTrinity ? Spare 60 seconds of your day to find out. bit.ly/1iqkvCu #PerseEconomics #60SecondEconomics