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, …
It’s pretty easy to talk about the problems with the UK economy – 18 years of low growth, stagnant real wages, low productivity, low investment, housing costs through the roof. The numbers don’t lie. If past trends had continued from 2007, average households would be at least £8,000 a year better off. If we could …
It’s not been a good week for the UK economy with the Bank of England downgrading economic growth and upgrading inflation forecasts. We’re heading for stagflation, the worst of both worlds. If you wanted more bad news, the Bank of England warned that productivity growth may actually be even worse than the pretty dismal statistics …
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?
Things can appear pretty bleak. We have warnings of a collapsing economy, record waiting lists, crumbling infrastructure and rising homelessness. The government might have changed, but the problems seem the same. Wages have stagnated and young people have low expectations of their future. It wasn’t always like this. In the post-war period, real wages were …
One of the most common questions asked is, who owns UK National Debt? Often people assume that UK government debt is owned by foreign investors. However, foreign investors only hold about 25-30% of UK government debt. The rest is held by the UK private sector (pension funds, insurance companies e.t.c). Recently, the Bank of England …
In 1957, the British Prime Minister Harold Macmillan proclaimed to the electorate “You’ve never had it so good”. And he had a point, full employment, a growing economy, debt falling rapidly, record house building, rising wages, universal health care and a growing sense of optimism that things would keep getting better. But, can you imagine …