2024 has seen UK house prices seamingly defy gravity once more, with prices rising back close to the all-time peak. If you bought an average house at the start of 2020, you would be sitting on capital gains of £53,000. A 25% rise. What Will happen to UK House Prices in 2025?Watch this video on …
Over the past 35 years, rents have risen faster than inflation. But, even as rents reach record levels, they are forecast to keep growing. The latest surveys show a continued mismatch between rental demand and rental supply meaning another year of inflation-busting rent rises. The problem is we have such a mismatch of supply and …
America is the richest country in the world, but America is also a story of two economies. Since 1980, real GDP has increased 300%, someone is definitely getting rich. But, it isn’t the average worker, because in the same period median wages have barely increased. In recent years, the US economy has outperformed the rest …
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 …
After the invasion of Ukraine in 2022, western countries imposed a series of sanctions on Russia. Some claimed this would cripple Russian economy and led to a deep recession. But, the Russian economy seemed to shrug this off growing at 3.6% in 2023 making it own of the fastest growing economies in the G20. And …
Recently the ONS produced a long-term forecast for spending and taxation. It makes for grim reading. Assuming policy doesn’t change, they forecast UK debt will rise to levels last seen in the Napoleonic Wars. This forecast also assumes there are no external shocks like Covid or the Ukraine war. At the same time, bond investors …
We Can’t Afford a Trump Trade WarWatch this video on YouTube In 1930, the US economy entered a deep recession and President Hoover responded by passing the Smoot Hawley tariff bill which saw average US tariffs almost double. The aim was to help US manufacturers from foreign competition. But, the bill was a disaster, …
Is American Economy Now Set to Decline?Watch this video on YouTube The US economy has been outperforming the rest of the world. It has left the European economy in the dust. In the 1990s with everyone buying a Sony Walkman, it was Japan which was going to overtake the US, but it never did. The …