Forecasts for Canadian Dollar With the Canadian dollar reaching a 130 year high, (Canadian Dollar reaches highest level since 1800 – Reuters) many are asking when the loonies upward momentum will end. The strength of the Canadian dollar is being pushed by several factors: Strong price of commodities such as oil, and precious metals. – …
UK Households Set to be POORER by 2030Watch this video on YouTube After 15 years of stagnating living standards, a new report suggests that after housing costs, real disposable income are likely to continue falling for the next five years. The decline will be felt by all income groups, but those on benefits, poorer households, …
Whilst UK incomes have stagnated in recent years, the UK’s net wealth has increased from £2.9 trillion in 1995 to £12.2 trillion last year. The biggest rise is not in wealth related to productive assets but passive wealth – basically rising house prices. In recent decades the ratio of wealth to income has more than …
London can be a great place to live, with a strong economy, a wealth of high-paying jobs, and a rich legacy of art, sport and culture. It’s become a melting pot of world cultures and is the top European city for tourist visits. Symbols of London are instantly recognisable. Yet, at the same time, its …
Is UK Debt Getting Out of Control?Watch this video on YouTube The start of 2025, saw UK bond yields soar to the highest level since 2008, causing the media to panic the UK was heading towards another debt crisis – worse than Lizz Truss, some papers rather hysterically claimed. Since 2003, UK debt has risen …
Latest figures on UK National Debt. What National Debt is. Why National Debt is increasing?
Debt interest payments are the amount the government need to pay to holders of government bonds. It is the cost of servicing public sector debt. One forecast by Pantheon Macroeconomics suggested that the UK’s debt interest bill would rise to £123bn for the current financial year alone, £35 billion higher than previously forecast and £54bn …
It’s been a good few decades for the top 1%, with big rises in income and wealth. But, what does it take to be in the top 1% by income, wealth, land-ownership and house values? If we look at the metric of wealth, a Swiss would need $8.5m, an American would need $5.8 million and …