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Economics class: teaching ideas

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Recommended FT articles and tasks picked by our panel of teacher advisers to help improve study, exam and interview success, with suggestions on questions for class activities and discussion.

Read a selection of FT articles, sample exam questions and wider teaching materials produced in conjunction with Core (free registration required). Use FT articles mapped to the curriculum below:

  • Fiscal policy: UK government borrowing overshoots in blow to Rachel Reeves

  • Macroeconomic indicators: UK economy stagnated for second consecutive month in July

  • Demand and supply: UK retail sales boosted by warm weather in August

  • Price elasticity of demand: Eton College to pass on full cost of VAT on fees to parents

  • Labour markets. Podcast: Does pay transparency work?

  • Labour markets: ‘Insane’ pay rises for junior London lawyers raise concerns over culture

  • Price elasticity: Scarcity of organic cows puts pressure on UK milk supplies, warn experts

  • Demand for labour: UK’s gender pay gap will take decades to close at current rate

  • Price elasticity of demand: Labour to impose VAT on boarding as well as private school fees

  • Market structures: Labour plans to retain key private sector role in Britain’s nationalised railways

  • Demand and supply: UK rental costs rise at record 9.2%

  • Scarcity and choice: ‘It’s too wet’: UK food security at risk because of record rain, farmers warn

  • Fiscal policy: Searching in vain for the Laffer curve boost

  • Efficiency and productivity: Europe faces ‘competitiveness crisis’ as US widens productivity gap

  • Exchange rates: China props up renminbi ahead of leadership summit in March

  • Demand and supply: Royal Mail could cut deliveries to 3 days a week, says Ofcom

  • Development economics: America should not allow its trade programme with Africa to die

  • Market failure: UK to ban disposable vapes as Rishi Sunak warns of ‘endemic’ impact on youth

  • Labour markets: UK migration reforms will not end lower pay for foreign workers, says top policy adviser

  • Fiscal policy: Jeremy Hunt predicted to win multibillion-pound boost for tax cuts

  • Global economy: Chile

  • Market structures: Barclays and Santander announce cuts to UK mortgage rates

  • Monetary policy. Charles Goodhart: ‘We’re in for a fiscal crisis down the road and we don’t know how to solve it’

  • Government intervention film: How Biden’s Inflation Reduction Act changed the world

  • Labour market podcast: Rishi Sunak’s big fat Greek row

  • Fiscal policy podcast: Autumn Statement Reaction

  • Demand and supply: UK government to increase offshore wind subsidies by 66%

  • Competition: Local leaders seek to reverse 40 years of UK bus privatisation

  • Monetary policy: Russia tightens capital controls on western companies

  • Inflation: Millions of UK families could face cuts to value of their benefits next year

  • Demand and supply: The hard economic reality for anyone wanting to govern Britain

  • Market failure: Rishi Sunak considers move to ban smoking for next generation

  • Monetary policy: How long will the Bank of England keep interest rates high?

  • Fiscal policy: Is the state pension really ‘a Ponzi scheme’?

  • Labour markets: UK wages: which sectors are driving up pay?

  • The Global Economy: Vietnam

  • Podcast: Rishi Sunak’s dash for oil and gas

  • Video: Government Failure – Can UK childcare be fixed?

  • Monetary policy: Why are interest rate rises not taming inflation?

  • Privatisation versus nationalisation: Thames Water crisis could hit UK investment, ministers warn

  • Video: Business Objectives — Why did Carlyle’s CEO resign?

  • Video: Behavioural Economics — Are high petrol prices killing the American dream?

  • Video: Business Objectives — The ESG investment backlash begins to have an impact

  • Economic growth: UK economy returns to growth driven by consumer spending

  • Video: Public goods — When water security runs dry

  • Cartels: Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

  • Demand and supply: Why Britain’s households should expect energy bills to remain high

  • Labour markets: UK haulage industry forced to train army of homegrown drivers to cope with Brexit

  • Market failure: Fish exports are a drop in the ocean next to overseas student fees

  • Costs and revenues: Pret A Manger to increase cost of its coffee subscription by 20%

  • Market structures: Elon Musk signals willingness to sacrifice Tesla margins for market share

  • Monetary policy: Andrew Bailey raises prospect of increased UK bank deposit protection

  • Monetary policy: Yikes! What should I do with my mortgage?

  • Economic cycle: Are Jeremy Hunt’s plans really a ‘Budget for growth’?

  • Fiscal policy: UK prosecutions of tax evasion enablers drop by 80 per cent

  • Demand and supply: Tesla touts cost efficiencies as it gears up for more affordable model

  • Scarcity: Podcast — Northern Ireland — Rishi Sunak’s big test

  • Market structures: Profit motive to return to British rail network as part of long-awaited shake-up

  • Production: Is the IMF right about the UK economy?

  • Aggregate demand: China’s record $2.6tn rise in savings fuels ‘revenge spending’ hopes

  • Fiscal policy: The US hit the debt ceiling. What happens next?

  • Demand and supply: Copper rallies on hopes of China economic rebound

  • Taxation: Scotland top-rate tax rises widen gap with rest of UK

  • Demand and supply: Why the price of oil has dropped despite new constraints on Russian supply

  • Tariff: Carmakers warn on EU tariffs threat to electric vehicle prices

  • Video: Trading blocs Part 2 — The Brexit effect: how leaving the EU hit the UK

  • Video: Trading blocs — The Brexit effect: how leaving the EU hit the UK

  • Podcast: economic growth — Jeremy Hunt’s sombre Autumn Statement

  • Demand and supply: UK house-buying demand falls at fastest pace since 2020 lockdown

  • Inflation: BoE outlines two bleak scenarios for taming inflation

  • Podcast: fiscal policy — Prime Minister Rishi Sunak

  • Market structures: Yorkshire Water to pay down almost £1bn in debt to settle regulatory case

  • Currency: Biden should act now on the wrecking-ball dollar

  • Unemployment: UK unemployment falls to lowest level since 1974

  • Video: Demand and supply — NZ housing — a canary in the coal mine?

  • Podcast: Fiscal policy — Truss vs the ‘anti-growth’ coalition

  • Podcast: Fiscal policy — Kwasi Kwarteng’s market meltdown

  • Video: Opportunity cost — Food and fuel compete for farmland

  • Balance of payments: UK’s yawning current account deficit raises financing risks

  • Video: Labour markets — Rising temperatures can prove fatal for farm workers

  • Video: Privatisation and Market Failure — Water: too precious to be just another commodity?

  • Fiscal policy: The mini-Budget is taking great risks with the public finances

  • Exchange rates: The bad news for the pound is not all in the price

  • Video: Externalities — Is luxury fashion resale losing some of its sparkle?

  • Video: Demand and supply — Can winemakers adapt to climate change?

  • Video: Demand and Supply — Music: the hot new asset class

  • Video: Synoptic — Can we avoid climate-related food shocks?

  • Demand and Supply: China’s ice cream brands outpace inflation with soaring prices

  • Market failure: Would carbon food labels change the way you shop?

  • Video: Market failure: Farming — the difficult first step towards net zero

  • Video: Business growth and demergers: The extraordinary Toshiba saga

  • Inflation: Boris Johnson makes boosting economic growth his top priority

  • Demand and supply: Price of UK pint up more than 70% since financial crisis

  • Market structures: Is the ‘subscription economy’ going to feel the Netflix effect?

  • Labour markets: Rise in UK minimum wage helped narrow inequality but failed to lift productivity

  • Regulation: Stagflation looms in UK as economic growth grinds to a halt

  • Inflation: Stagflation looms in UK as economic growth grinds to a halt

  • Monetary policy: Bank of England faces its biggest inflation challenge since independence

  • Living costs: Cabinet split on plan to cut UK food tariffs as grocery bills rise 5.9%

  • Exchange rates: Pound slides to weakest level since 2020 as British retail sales fall

  • Growth: Underlying UK wage growth lower than headline figures, think-tank warns

  • International trade: The UK is still wrestling with the incoherence of Brexit

  • Fiscal policy: Spring Statement: what’s in it for investors and householders?

  • Price mechanism: US farmers’ hands are tied as world braced for wheat shortfall

  • Externalities: We must pay the cost of carbon if we are to cut it

  • Unemployment: UK unfilled vacancies hit record as workers leave labour market

  • Budget surplus: Stronger UK public finances set to increase pressure on Rishi Sunak

  • Monopoly: English water companies face probe over sewage treatment

  • Financial markets: Cash Isas remain popular despite the drain of inflation

  • Market failure: Boris Johnson warns of UK energy price shock

  • Exchange rates: Turkish inflation hits 20-year high of 54%

  • Housing market: Asking prices for UK homes surge in February as demand rises

  • Merit goods: UK graduates to pay more as repayment threshold on loans lowered

  • Asymmetric information: Student loans — Should the Bank of Mum and Dad step in?

  • Real income: UK inflation climbs to 30-year high of 5.5%

  • Economic growth: UK price rises outpace wage growth despite labour shortages

  • Merit goods: NHS waiting lists will grow for 2 more years, health service admits

  • Monetary Policy: Bank of England’s Andrew Bailey dishes out tough love to British public

  • Aggregate demand: UK homeowners secure £800bn windfall with house price rise

  • Fiscal policy: Lower public borrowing gives Sunak room to stall national insurance rise

  • Government failure: Airlines forecast increased ‘ghost flights’ to retain UK landing rights

  • Labour market: Get ready for the four-day working week

  • Consumption: China’s record trade gap a symptom of struggle to rebalance its economy

  • Inflation: The fight over measuring UK inflation

  • Subsidy: Farm subsidy reform in England aiming to return land to nature

  • Market failure: North-south divide emerges as UK electric vehicle sales hit record high

  • Demand and supply: UK house prices rise at the fastest pace since 2006

  • Demand and supply: Champagne sparkles as low supply and fizzy demand boost prices

  • Demand and supply: Beware the property trap ensnaring young buyers

  • Monetary policy: Turkey’s lira tumbles after central bank cuts rates

  • Demand, supply: Coffee hits 10-year high as shipping bottlenecks squeeze supply

  • Demand, supply: Opec+ sticks with oil supply increase after US overture to Saudi Arabia

  • Aid and development: China cuts finance pledge to Africa amid growing debt concerns

  • Competition: Collapse of Bulb highlights failings of UK’s retail energy sector

  • Exchange rates: Euro hit by bets ECB monetary policy will diverge from major peers

  • Measuring National Income: UK statisticians juggle contradictory data on recovery from pandemic

  • Market failure: Windfalls for heavy industry in EU carbon scheme are a moral hazard

  • Fiscal policy: Sunak defies hawkish instincts to oversee massive expansion of state

  • Labour markets: Kellogg’s cereal strike is latest sign of pushback from US snack makers

  • Economic growth: Switch to value stocks to prepare for inflation

  • Inflation: German workers strike for higher pay as eurozone inflation surges

  • Demand and supply: BP service stations close as driver shortage hits UK fuel supplies

  • Inflation and monetary policy: Is it time for the Bank of England to start tightening monetary policy?

  • Government intervention in markets: US clean-energy blueprint contains 40% solar goal for 2035

  • Fiscal policy: Who are the winners and losers from the UK’s £12bn social care tax raid?

  • Fiscal policy: Rishi Sunak has strong fiscal cards waiting to be played

  • Employment and unemployment: Partisan fight over US labour market jolted by strong hiring data

  • Circular flow of income: Nissan unveils first UK battery factory in £1bn Sunderland plan

  • Demand and supply: Russian supply curbs exacerbate squeeze on European gas market

  • Government Intervention: Cost of polluting in EU soars as carbon price hits record €50

  • Inflation: UK inflation jumps to 2.1% and tops Bank of England target

  • Economic growth: The Fed risks reacting too slowly if inflation keeps rising

  • Market failure: UK carbon trading system likely to lead to government intervention, traders warn

  • Financial markets: UK government to sell next £1bn stake in NatWest

  • Fiscal policy: Gary Lineker in £4.9mn tax battle with HMRC over freelance earnings

  • Inflation: Inflation tests pricing power of global brands

  • Market structures: Ethiopian telecoms sell-off flops in wake of economic and security concerns

  • Exchange rates: Turks chase missing billions in foreign exchange reserves

  • Aggregate demand & supply: Global savers’ $5.4tn stockpile offers hope for post-Covid spending

  • Fiscal policy: The case for taxing the rich more

  • Demand & supply: Boris Johnson to announce £3bn shake-up of England’s bus network

  • Demand & supply: Investors see ‘gold rush on steroids’ for green battery metals

  • Fiscal policy: Japanese investors buy UK government bonds at record rate in early 2021

  • Fiscal Policy: ‘Stealth’ raid on income tax thresholds

  • Monetary and Fiscal Policy: Joe Biden’s $1.9tn package is a risky experiment

  • Demand & supply: Extra stamp duty holiday would raise house prices, say lawyers

  • Exchange rates: Pound hits $1.40 for first time since 2018 as vaccine boosts UK outlook

  • Demand & supply: White House scrambles to address global chip shortage

  • Competition policy: UK and EU to open probes into Nvidia’s $40bn acquisition of Arm

  • Market structure: UK watchdog to investigate Uber’s acquisition of Autocab

  • The financial sector: Nine banks ate into capital buffers under ECB’s pandemic relief

  • Inflation: Covid congestion raises the spectre of inflation

  • Fiscal policy: Biden to push $1.9tn stimulus for pandemic-battered US economy

  • International trade: African countries not ready to implement free trade from January

  • Economic development: West Africa vs Big Chocolate: Battle over price sours relations

  • Unemployment: Ineos abandons Britain to build flagship off-roader in France

  • Demand, supply, elasticities: Lithium market recharges as electric vehicle sales rise

  • Economic development: Business groups call on Johnson to rethink overseas aid cuts

  • Fiscal policy: Sunak funds schools and police in last hurrah before tax rises

  • Inflation: UK’s poor GDP performance rooted in weak household spending

  • Demand and supply: UK set to ban sale of new petrol and diesel cars from 2030

  • Aggregate demand/supply: UK shipyards owner looks beyond building vessels

  • Elasticity of demand: Pandemic sets off a scramble to snap up outdoor heaters

  • Monetary policy: The great MMT debate, again

  • Demand and supply: Beijing’s first bond offer to US investors draws record demand

  • The housing market: Banks rebuff Boris Johnson’s call for low-deposit mortgages

  • Labour markets & employment: Britain’s over-50s rethink plans as virus takes toll on retirement

  • Supply and demand: Harley-Davidson to pull out of world’s largest motorcycle market

  • CAP: Ministers seek to plug subsidy gap for struggling English farmers

  • Shares: Peloton shares reach high as more users take up home workouts

  • Aggregate demand: What the latest data on activity are signalling

  • Exchange rates: Sterling’s faded illusion of sovereignty

  • Development: Pandemic brings Italy’s black market out of the shadows

  • Economic development: Latin America’s taxing problem

  • Competition/market structures: Pain in Spain for telecoms groups as competition heats up

  • Economic Development: Zambia feels the way for distressed nations in seeking debt talks

  • Distribution of Income and Wealth: Spain to push through minimum income guarantee to fight poverty

  • Trading blocs: The chain of events that led to Germany’s change over Europe’s recovery fund

  • Public goods: Any Covid-19 vaccine must be treated as a global public good

  • Inflation: A return to 1970s stagflation is only a broken supply chain away

  • Theory of the firm: Ryanair to axe up to 3,000 jobs as it warns over slow recovery

  • Competition & regulation: Britain’s private schools warned against fee collusion

  • Price mechanism: Oil-producing nations grapple with latest price fall

  • Money: Rishi Sunak prepares to offer 100% guarantees on small business loans

  • Market failure: Boris Johnson can now redeem his debt to the NHS

  • Circular Flow of Income: India’s exporters face crunch as coronavirus pummels economy

  • Market structures: British Airways to suspend more than 30,000 staff amid coronavirus crisis

  • Unemployment: US jobless claims surge to record 3.3m as America locks down

  • Exchange rates: Why the Fed is trying to tame the dollar

  • Oligopoly: Eight days that shook the oil market — and the world

  • Employment: Germany’s minimum wage boosted productivity but hit small companies

  • Labour markets, government intervention: Income inequality increases in UK

  • Aggregate demand: Italy unveils €3.6bn stimulus to tackle coronavirus

  • Elasticities, Market Structures: Can £5bn revitalise England’s bus services?

  • Economic growth and development: Restructuring Argentina’s debt will require IMF support

  • Market structures: Climate change and the prisoner’s dilemma

  • Labour markets: The unions taking on the gig economy and outsourcing

  • Demand & Supply, Exchange Rates, Elasticity: Commodities may not stay cheap

  • Monetary policy: US debt investors seek protection against inflation

  • Market/government failure: Air quality remains dangerously low

  • Supply side policy, capital flows: Tide turns for Polish émigrés

  • Distribution of income and wealth: Before we soak the rich

  • Supply & demand: Fortnum & Mason boosted by demand for loose leaf tea 

  • Macroeconomic objectives: Iran’s economy strangled under US sanctions

  • Financial markets, exchange rates: Dollar shortage shakes confidence in Lebanon’s banks

  • Competition and market structures: Sony pulls plug on PlayStation Vue

  • Developing economies: Ethiopia’s path to prosperity is opening up

  • Economic Growth, macroeconomic objectives: UK economy to avert recession

  • Demand & supply, taxation: UK’s slowing housing market hits stamp duty

  • Market failure: French tobacconists fear business will go up in smoke

  • Objectives of firms: The limits of the pursuit of profits

  • Labour markets: How does British Airways pilot pay compare?

  • Introductory economics: China acts on pork prices 

  • Fiscal policy: Javid shift in strategy after decade of austerity

  • Economic cycles: A long economic recovery is not necessarily a better one

  • Demand and Supply, Market Structures: Iran warns Opec ‘might die’

  • Trade policies and negotiations: Mexico ratifies Nafta’s replacement

  • Economic development: CDC to invest $300mn in Africa’s power networks

  • Allocation of resources: Old economists can teach us new tricks

  • Financial markets: China dumps US Treasuries

  • Allocation of resources: EBRD mulls sub-Saharan Africa loans

  • Demand and supply: Iran’s economy slumps on US sanctions

  • Circular flow of income: Fear over UK’s low national savings rate

  • Financial markets: US mortgage reform

  • Macroeconomic policy: UK inflation rises 1.9%

  • Money: The continued appeal of cash

  • Monetary policy: Monetary policy has run its course

  • Inflation: UK basket gains popcorn

  • Balance of payments: US trade deficit

  • Financial markets: Zimbabwe’s currency reforms criticised

  • Externalities and traffic congestion: Luxembourg tackles congestion

  • Economic growth and development: IMF funds Ecuador

  • Demand and supply, externalities: university applications rise

  • Trade: China’s economy slows

  • Market structures, nationalisation: rail privatisation

  • Trade, balance of payments: service exports

  • Exchange rates and Brexit

  • The price of fish farms

  • Demand & Supply: stock markets tumble

  • Development, exchange rates: African loans

  • Productivity: zero workforce growth

  • Government intervention: tech regulation

  • Demand & Supply, commodities: oil price fall

  • Market failure: wind and solar costs

  • Supply and demand: oil volatility

  • Supply and demand: chip prices

  • Exchange rates/balance of payments: depreciation dangers

  • Price determination: vanilla

  • Subsidies: UK farmers prepare for Brexit

  • Technological innovation: e-scooter rentals

  • Public finances: UK near bottom of IMF league

  • Markets, supply/demand: cocoa prices

  • Labour markets: Amazon pay rise 

  • Fed interest rate impact

  • The impact of migration

  • Low wage growth

  • Brexit uncertainty

  • Coca-Cola, Costa and economies of scale

  • The end of QE

  • Oligopolies and price discrimination

  • UK productivity

  • Coffee shops and market entry

  • Argentina hikes interest rates

  • Reversing QE

  • Privatisation and nationalisation

  • Audit monopolies

  • Child mortality and development

  • China’s household debt

  • Trade policies and anti-dumping

  • IMF, Kenya and economic policy

  • German trade

  • Sterling weakness

  • British manufacturing recovery

  • France’s declining fertility

  • Venezuela’s imploding economy

  • Measuring GDP

  • Inflation climbs to 3.1%

  • Venezuela debt: US, Russia and China play for high stakes

  • Productivity, smartphones and the crisis of attention

  • Diesel taxes

  • Agriculture and trade after Brexit

  • Monetary policy uncertainty

  • Natural monopolies and regulation

  • Richard Thaler and behavioural economics

  • EU fines Scania for price-fixing cartel

  • Monarch airline’s failure

  • Bank of England and Brexit

  • Brexit-free trade illusions

  • Supply and demand for coal

  • Bank of England interest rates debate

  • Amazon and food retail competition

  • Brexit and the generational divide: a price worth paying?

  • EU-Japan trade: the shift in commerce 

  • Retail sales: how external factors influence demand

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    Travel

    Algarve Mansion Transformed Into Beach-side Bela Vista Hotel

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    Columbia Hillen

    Every tile tells a story.

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    Or at least that’s the situation at the 5-star Bela Vista Hotel & Spa in Portimão on Portugal’s Algarve coast.

    Century-old hand-painted tiles adorn the walls of this 38-room hotel, none more so than on the ornate wooden staircase leading up to the bedrooms. Here, a series of intricately designed tiles illustrate one of Portugal’s most respected books, The Lusiads, an epic poem written by Luis Vaz de Camoes about Portugal’s ‘golden age’ of discovery.

    Columbia Hillen

    Elsewhere, an aptly-named ‘tile room’ depicts the arrival in Brazil by 16th century explorer, Vasco da Gama, while religious scenes such as the Last Supper are illustrated in other rooms.

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    The intricate tile work throughout the hotel is the legacy of the original owners of this 1908 building, once a stately family home. Only in 1934 was it transformed into a hotel, now expanded to 38 rooms, 10 in the main building, 21 in what are termed  ‘garden rooms’ and seven in the ‘blue house,’ both on the same grounds. 

    Columbia Hillen

    Beautiful tile work is not the only impressive artistic feature of Bela Vista. Ceilings are carved from Brazilwood, a rare variety now protected. There is also a vintage piano in the main lobby dating from 1855.

    Columbia Hillen

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    Bela Vista, as the name suggests, occupies an envious position overlooking the ocean and Praia da Rocha (Beach of the Rocks). In many ways, the hotel is reminiscent of the 1950s Amalfi coast, a white ‘ivory tower’ like structure insulated from the busy hubbub of the streets just beyond its sturdy iron-wrought gates and with an interior design bright with colors, a vivid blue and white on chairs and cupboards and sunny yellow bedspreads.

    Columbia Hillen

    Our room, 102, was refreshingly decorated in hues of blue, yellow and white with tiles featuring a floral motif covering part of the walls. It also featured a wood-floored balcony with whicker armchairs overlooking the long stretch of beach. 

    Columbia Hillen

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    Even the bathroom, with tub and shower and l’Occitane and Guerlain toiletries, granted clear views over the beach and ocean. A floor-to ceiling linen curtain kept the room dark at night. Two armchairs and a coffee table, a bench and chair and a wall TV were among room furnishings.

    Chef Joao Oliveira. Photo by Columbia Hillen

    Dining highlight of a stay at this hotel is its Michelin star restaurant, Vista.

    Guests are granted a short pre-dinner tour of the basement kitchen where they meet executive chef Joao Oliveira from Porto and his team of seven chefs, as well as a visit to the wine cellar. 

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    Columbia Hillen

    The kitchen renovated five years ago has a special chef’s table for two for unique dining experiences.

    Beside the kitchen is a wine cellar with, according to sommelier, Tiago Samarro, 800 different vintages, most from Portugal but also from countries such as Spain, New Zealand and Italy, all kept under constant room temperature. The oldest wine is a mid-1960s vintage.

    Columbia Hillen

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    A ‘tactile’ menu, including grains of sand affixed to it, is provided to guests, created by local artist, Inês Barracha, followed by a jigsaw-like miniature map of three Algarvian regions indicating from which products for the restaurant’s 11-course pescatarian tasting menu are sourced.

    Our dinner began with a veritable explosion of taste, a marble-size, lime-green ball filled with a liquid blend of horseradish, ginger and apple that simply blasted flavour throughout my mouth.

    Columbia Hillen

    Innovative dishes that followed included violet shrimp (camarao listado), a thin sheet of rice flour with the shell of a shrimp imprinted on it.

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    Another was a tomato dish comprising marinated cherry tomatoes from Quinta Das Castelhanas, a local farm, three tomato gels flavored with yuzu, camomile and Moroccan lemon combined with garlic flowers and capuchinha (aquatic leaves) and a sprinkling of ‘tomato water,’ all sprayed with camomile-infused vinegar.

    A langoustine from Sagres slightly roasted and decorated with flowers of pickled cauliflower and an emulsion of white grape was also among the culinary offerings.

    Columbia Hillen

    Our dinner also included turbot and anchovies and delicious sourdough bread with olive oil from the hotel owners’ grove, Daniel Proença de Carvalho (DPC).

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    Even the butter on the menu is far from standard fare – being a blend of goat, cow and sheep milk, according to Neuza, our gastronomic guide for the evening.

    Columbia Hillen

    A second restaurant is the Bistro. In season, it is outside on a poolside patio facing the beach and sea; offseason, in the elegant ambience of the bar area with a mosaic floor and what can best be described as three-dimensional wall paintings – some featuring parakeets perched on keys in a cage; others, a system of mirrors that seemed quite nautical on a background of broken coconut shells. 

    Columbia Hillen

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    A furnishing highlight is the ceiling of Brazilwood beams, deftly painted in a leaf and grape filigree.

    Here we enjoyed Portuguese cod fish cakes, fresh cheese, mushrooms and thyme ravioli with celery broth and extra virgin olive oil; langoustine and scallops carpaccio with champagne and Ossetra caviar designed as a rosette reminiscent of a cactus flower like the ones on the hills nearby, formed by thin petals of langoustine and scallops, layered, with a pistil of caviar and surrounded by a smooth, champaign and butter sauce. 

    Columbia Hillen

    A gym, and outdoor swimming pool surrounded by tall swaying palm trees and a spa offer leisure opportunities.

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    Business

    Reason pension insurers are on to a good thing

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    Banker all-nighters create productivity paradox

    John Plender is right to draw attention to the growing preference of defined benefit scheme trustees and the schemes’ employer sponsors to insure their pension obligations (“The lucrative pension fund transfer trend needs urgent scrutiny”, Opinion, September 17). However, the primary reason for this trend has, perhaps, been overlooked.

    Beneficiaries of a defined benefit pension rely on the strength of their former employer’s corporate covenant being sufficient to meet, in all circumstances, the “promise to pay” implicit in a DB pension.

    Conversely, following a transfer to an insurer, this promise is underpinned by the solvency capital requirement and the Financial Services Compensation Scheme. In other words, a “promise” becomes a closely-regulated commitment. Hence the market’s rapid growth now that this protection is evidently affordable.

    Mark Wood
    Chairman, PensionBee, London SE1, UK

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    Business

    Diplomacy can avert the ineluctability of conflict

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    Banker all-nighters create productivity paradox

    Reading your editorial on the situation in the Middle East is rather depressing, for two reasons (“Israel’s reckless pager attack on Hizbollah”, FT View, September 19).

    First, it is absolutely accurate to describe the seriousness of the situation and how it could further degenerate into an all-out war, taking an appalling toll in terms of casualties, displaced peoples and destruction.

    Second, the editorial seems to follow an inescapable logic, although it ends with a prudent hint of hope in the US plan. Unfortunately, this applies to other conflicts around the world too.

    The sense of ineluctability and resignation appears widespread among governments, at the UN — whose main objective is averting the scourge of war — and at the EU, which was established to promote peace and stability through economic integration and prosperity.

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    Diplomacy and the peaceful settlement of disputes seem to have been dismissed in favour of a race towards armament and militarisation. This is not to say that governments and relevant international organisations should not upgrade, test and strengthen their military defensive capacities. Obviously, they have to take such steps, and we are grateful they do so. But they cannot afford to neglect any suitable peaceful means to prevent and defuse international conflicts, however difficult and complex the task may be.

    Needless to say, a diplomatic solution to the crises in the Middle East — or in Ukraine or elsewhere — unavoidably requires, from the parties involved, a willingness to make mutual concessions and sacrifices, and from any mediator or broker both vision and perseverance. Territorial disputes, individual criminal responsibilities, liability for the damages caused throughout the crisis, reconciliation and reconstruction are all formidable challenges but not inexorably insurmountable obstacles.

    Diplomacy cannot surrender and must claim and honour its role.

    Tarcisio Gazzini
    Professor of International Law, University of Padua, Veneto, Italy

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    Travel

    Discover The Ideal Fall Retreat at Zafiro Palace Andratx – Mallorca’s Luxury Travel Gem

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    Zafiro Palace Andratx

    With an influx of buzzy new hotel and restaurant openings, new direct flights from the U.S. and a focus on sustainability, Mallorca, Spain shows no sign of slowing down. While peak summer months cater to those seeking a lively Mediterranean atmosphere, fall in Mallorca provides a more serene and laid-back vibe. Notable autumn events include grape harvest festivals, traditional fairs, the Mallorca International Film Festival and the Port de Sóller Classical Music Festival.

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    The abundance of the constantly evolving island is personified at the five-star Zafiro Palace Andratx, the crown jewel of the Mallorcan family-owned Zafiro Hotels portfolio. Resplendent in authentic island character, secluded terraces give way to sweeping views of the rugged Serra de Tramuntana mountains and white sand beaches. Just a short stroll away from the serene seaside village of Camp de Mar and a quick drive from the lively harbor town of Port d’Andratx, the resort is the perfect destination for a fall getaway.

    Zafiro Palace Andratx

    A variety of restaurants to suit every taste, gorgeous garden and skyscape pools, a luxurious spa and wellness center and bespoke amenities bring the splendor of the island into the grounds of the hotel. Zafiro Palace Andratx’s 304 generously sized suites are resplendent in authentic Mallorcan character and adorned with locally sourced décor. Standout artwork is from female-owned ABA ART and take-home vanity cases are designed by Teixits Vicens. Each suite is appointed with a private pool or hydro-massage bathtub and a secluded terrace offering unrivaled views.

    Zafiro Palace Andratx

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    Designed for guests seeking access to over-the-top service and enhanced amenities, the new Zafiro Club Suites – debuted in 2024 – showcases the very best that the hotel has to offer. Guests who book a Zafiro Club Suite receive exclusive access to a private pool and bar area, Jo Loves in-room amenities (created by Jo Malone), daily fresh flowers, a personalized concierge service, massage for two, romantic dinner, and more. In addition, the resort unveiled one of the first luxury all-inclusive options on the island last season with its All-Inclusive Redefined package.

    Zafiro Palace Andratx

    Hotel guests can now book a sustainable excursion on a 100% electric-powered llaut, the traditional boat of the Balearic Islands. Available exclusively for Zafiro guests, the experience consists of a trip for up to 6 people along the southwest coast of Mallorca, with opportunities for water activities such as SUP and underwater scooters, as well as onboard food and drinks featuring locally sourced products. This innovative and sustainable experience causes no emissions, has no carbon footprint, and causes no stress to local marine wildlife.

    Zafiro Palace Andratx

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    As Mallorca continues to blend luxury with sustainability, visitors have the unique opportunity to immerse themselves in both cultural events and eco-friendly experiences. Whether indulging in the island’s culinary delights or exploring its pristine waters on a zero-emission boat, Mallorca offers a perfect balance of relaxation and responsible tourism. The resort is open through early November and now is the ideal time to experience this Mediterranean gem

    Zafiro Palace Andratx

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    Labour workers’ rights bill leaves freelancers in a bind

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    Banker all-nighters create productivity paradox

    Delphine Strauss reports on union warnings that employers could sidestep Labour’s workers’ rights upgrade by hiring people as self-employed contractors (Report, September 16). While I agree this is a palpable risk, a Supreme Court ruling last week has made it harder to prove that someone is genuinely self-employed. This is not the positive development that it may appear to be to some.

    In an employment status dispute between HM Revenue & Customs and Professional Game Match Officials Limited, the body that assigns referees to professional football matches, the court ruled that some casually self-employed referees should actually have been paid and taxed as employees. The judges looked at whether PGMOL and the referees had “mutual obligations” to each other to offer and complete work — a key indicator of employment. HMRC has long argued that merely by agreeing to take on work, a contractor has established “mutual obligations” with their client, regardless of the length or frequency of that work. This view was backed by the court.

    This will not only affect future employment status rulings, but also the advice that employers will receive before attempting to classify their workforce as “self-employed contractors”. However, those who want to be self-employed have just lost one of the legal avenues to prove that this choice is legitimate.

    Having a thriving self-employed sector is great for the economy, for hirers, and for the people that choose to work independently. But while workers with employment contracts are set to be granted greater flexibility in work, the traditionally flexible freelance sector is being placed in a bind.

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    The unions are right — our employment status rules are in dire need of reform. If government proceeds with its plans for a single status of “worker” without updating the rules that decide who that status should and shouldn’t apply to, it risks placing even more strain on a struggling labour market and shutting down the ambitions of those who one day may wish to work for themselves.

    Andrew Chamberlain
    Director of Policy, IPSE — The Association of Independent Professionals and the Self-Employed, London WC1

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    The book hunter: crafting the perfect collection with Philip Blackwell

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    The book hunter: crafting the perfect collection with Philip Blackwell

    By James Greig

    Sometimes, clients come to Ultimate Library with a simple request: make me look smart. “We received this as feedback in a recent questionnaire,” explains Mollie Wood, marketing and sales boss at the bespoke book-curation service based in London. “This was obviously not an avid reader, but someone who wanted to look authoritative, to reflect an interest in books they might not actually have.” The decline of reading may be a perennial concern, but the bookshelf has lost none of its power to convey status and refinement.

    That’s not to say the company caters only to those trying to convince acquaintances that they’re keen fans of Henry James. On the contrary, many clients arrive at their first consultation with a highly specific set of preferences. “It’s always good to work with somebody who is really engaged in the process and sets us interesting challenges,” says founder and director Philip Blackwell. Ultimate Library designs book collections for hotels, resorts, spas and co-working spaces, but its work on private homes can be divided into two main categories: people for whom their property is their main residence, who may be looking to enhance an existing collection; and those buying a luxury property — sometimes one of many — who are looking to start from scratch.

    In either case, it’s about connecting people with the books that best reflect their taste. “We’ll ask a number of leading questions designed to tease out someone’s interests and reading preferences, which may involve where they spend their time, things about their background, where they travel, what their passions are, their favourite genres and writers,” says Blackwell. “To give you an example, if somebody is very interested in crime and thrillers, and their property is going to be in a specific city, there’s usually a great thriller series set there.”

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    Library collections are often required to respond to both a content and design brief

    The briefs are often far more niche and idiosyncratic than an attempt to look clever. One client was looking for novels about war which had been adapted into films; another wanted a library dedicated to books about Manchester City Football Club — among more contemporary titles, the team tracked down an obscure but fascinating biography of Bert Trautmann, a German goalkeeper who played for the team in the postwar era. “He was just the most amazing character, a truly remarkable figure,” says Blackwell. “Being able to surprise and delight a client by finding that sort of book is wonderful.”

    The owner of a private apartment in north London requested a library devoted entirely to witchcraft. “Among the team we’ve got around 100 years of combined bookselling experience. When it comes to witchcraft, there are older people like me who will think of [occult novelist] Dennis Wheatley, and younger ones who are perhaps more into Dungeons & Dragons,” says Blackwell. Drawing from this combined knowledge, the resulting library covered witchcraft from just about every conceivable angle.

    Prior to founding Ultimate Library in 2008, Blackwell spent decades working in bookselling and the publishing industry, and the expertise he acquired is integral to the service he now provides. “If someone is looking to build a book collection for a property in Bulgaria, what do we know about that? Well, we know about their leading poet, we know about the International Booker Prize-winning author Georgi Gospodinov, and we know about the people who’ve travelled there who will be able to provide a cultural insight,” he says.

    As well as this insight into subject matter, Blackwell’s knowledge of the industry itself allows Ultimate Library to work with the entire spectrum of publishers, from the largest and most established houses to independent start-ups and boutique specialists. “We were looking for a book on the history of Japan the other day, and we came across Old Street Publishing — they produce these very good, shortish histories that you can read in a day and remember for a lifetime,” he says. “We are able to identify books that not only cover the subject, but do it in an amusing and engaging way.”

    Book choice can respond to and complement specific colour palettes and designs in a room

    Ultimate Library’s work often has to take into account design alongside curation: “One of our skills is being able to tick the aesthetic box while ensuring that the content is good, so it’s about style and substance”, says Blackwell. The interior designers they work with may have detailed requirements, particularly if it is a development site and the ultimate purpose is to sell the property. “A brief will often say ‘it’s a New York apartment, we’ve got 10 linear metres of shelving to fill, we want a muted colour palette, greys and blacks and beiges, and books on art and architectural photography’,” says Blackwell.

    When it comes to ensuring that a client’s needs are met, the installation process is vital. The curators spend a lot of time thinking about how a book collection — whether library, snug or single bookshelf — can best match the surrounding space. The collections are designed according to a preprogrammed grid, which has occasionally led to some last-minute surprises. During one project, the team had prepared a selection of classic titles with dark spines to complement a square space in the middle of a room, which they had been told would surround a black, rectangular television. When it turned out the space actually featured a bright, fluorescent art installation, they had to go back to the drawing board, completely refiguring the collection with bright-spined books about art and architecture.

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    Philip Blackwell’s unrivalled knowledge of the publishing industry makes him the ideal book hunter

    According to Blackwell, there is no single secret to a great personal library — it very much depends on character and taste. “When we’re curating a collection, whether it’s private or institutional, we try to find interesting, quirky books that people don’t necessarily know about, where the titles will leap off the shelf and make people say, ‘Oh, I never knew there was a book about that.’ ”

    Leatherbound classics have their place, but it’s the surprising and unexpected choices that transform a collection of books into a truly unique library.

    Photography: Studio Vero; Tiberio-Sorvillo

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