Labour's Big Budget GambleWatch this video on YouTube It was one of the biggest budgets in decades – Higher tax, higher spending, and more borrowing. Rachel’s Reeves hopes it will boost economic growth, avoid austerity and restore public services. But it is a gamble because if it fails to increase growth the UK will need …
A frequently asked question is – Who does the UK borrow from? Who owns the UK’s government debt? (Asset Purchase Facility = Bank of England) UK government debt is primarily held by: Private financial institutions – banks, pension funds, investment trusts and also private households. 28% is held by overseas investors (e.g. American investment trusts/Japanese …
Hampshire is one of the more prosperous parts of England, average house prices are over £400,000, but Hampshire County Council has the largest deficit in the UK. Like many local councils, it is at risk of bankruptcy. The council is spending more, but residents appear to be getting less. In 2011, the council spent 52% …
Why are Americans dying early? Why The US Has WORST Life Expectancy in Developed WorldWatch this video on YouTube The US is one of the richest countries in the world. In recent years, its economy has grown far faster than Europe. But, there is another kind of American exceptionalism, Americans are dying earlier. In 1970, …
The Australian economy is unique. 35% of the country is practically desert and geographically it is isolated. 98% of its trade is exported by sea. Yet, it has become one of the richest countries in the world. Richer than the UK, France and Germany. From 1991 to 2020, it experienced the world record for the …
The UK economy has undergone a real battering in the past 15 years. For decades, the UK grew around 2% a year, but per capita incomes are now barely increasing. It’s not just about a global downturn, the UK has fallen further behind similar economies like France and Germany on key metrics like income and …
First time buyers have seen Mortgage payments as a share of income rise significantly in the past 2 years, increasing the cost of buying a house. However, the private rented market has been even more problematic. In the past four years, rents have risen 20%, pushing tenants to spend a higher share of income on …
How Short-Termism Is Destroying the UK’s FutureWatch this video on YouTube Back in 2010, when Nick Clegg was asked about nuclear power he said it was pointless because it wouldn’t be ready until 2022. As it happened, 2022 came and went, with an unprecedented surge in global energy prices. Although this was ironic bad luck, …