The UK credit rating is a measure of the UK government’s credit worthiness on the level of government borrowing. AAA rating implies that the government is liable to honour its debts and repay bonds and gilts in full. A- would indicate a small chance of default. BBB rating implies the investment is speculative with a …
The Co-operative movement has a long tradition of financial prudence and support for members. Parents and grandparents will remember saving the ‘Divi’ on food purchases or even opening a share account at the local Co-op. The Co-op has moved on with its own Co-operative Bank plc although it still retains much of what was good …
Definition of Compound Interest – Compound is defined in the Oxford concise dictionary as ‘….increase, complicate, …debt by partial payments…’ and whilst none of these definitions directly addresses the issue of compound interest you may begin to see where we are coming from. Compound Interest is the effect of ‘interest on interest’ and happens when …
Essay: To what extent is transport a contestable Market? A contestable market is a market where there is freedom of entry and exit. This implies there are low (or zero) sunk costs in the industry. A sunk cost is a cost which cannot be recovered on leaving the market (e.g. spending on advertising). Therefore, the …
How do problems in the Eurozone economy and a weak Euro affect the UK? A weaker Euro would help European goods and European travel appear more attractive. It would be good news for British holiday makers not wanting to risk transatlantic flight with the Icelandic volcano still smoldering. It would not be good news for …
If you are studying for exams, you will hopefully, be learning that the value of a currency is generally influenced by factors such as: Interest rates – low interest rates lead to hot money flows out of economy and a weaker exchange rate. Relative inflation rates – Higher inflation makes a countries exports uncompetitive and …
Your ability to borrow money or borrow money on good terms is influenced by your credit score. This is an amalgam of your history with financial institutions, credit cards, store cards banks and other lenders. If you never borrow, never get into debt, always repay your credit cards 100% first time then you will not …
In 1945, 500,000 people worked as coal miners in the UK. Today that figure is a fraction. Maybe 1% of the half million are still employed as coal miners. By contrast Tesco now employs 500,000 people across Europe – making it the biggest employer in the EU. In 1945, the first supermarkets were yet to …