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 …
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 …
Since 2019, The German economy has gone into an unexpected decline, posting the 2nd worst performance in Europe. GDP is stagnant, the car industry in decline, real wages falling and discontent rising. For many decades, Germany was the powerhouse of the European economy with rapid growth transforming living standards, but this has come to a …
Last May, Rishi Sunak could boast that the UK was the fastest growing economy in the G7. And, after a fashion, he was correct. Not only that but UK inflation has fallen close to its target of 2% and Sterling has reached its highest level for eight years. Were the Tories about to do the …
In the past four decades, China has undergone a genuine economic miracle. 800 million people have been lifted out of poverty, through economic growth that has often averaged close to 10%. China’s rise has changed the world. Our shops are flooded with cheap Chinese consumer goods, and many of our factories closed down. China went …
Greece is the cradle of western civilisation. Philosophy, democracy and unique cultural icons. But, 15 years ago, something terrible started to happen to the Greek economy, which saw one of the biggests hits to living standards in the western world. GDP collapsed, unemployment soared and Greece became an economic basket case. This article explains what …