In the past 12 months, UK house prices have once again started to rise, with house price inflation reaching 6%. Even the end of stamp duty in April, did not prevent prices rising by £3,000 in May, according to the Nationwide. It means prices have regained their previous peak of 2022. However, the rise …
Since the start of the year the dollar has fallen 9%. The global reserve currency is under pressure. (BTW: real problem in Japan was 30 and 40 year bonds) Yet at the same time, bond yields are rising creating a headache for the government and financial system. In Japan, the recent surge in bond …
The 1980s was a decade of divides. The proud industrial heartlands of the north suffering irreversible decline. The City of London enjoying an unprecedented boom. In the early 80s, Unemployment soared to the highest level since the Great Depression, manufacturing fell off a cliff. But not everyone suffered in the 80s. Financial liberalisation and tax …
People often observe my videos/articles on the UK economy tend to be doom and gloom, this is partly the youtube alogorithm, but mainly because the UK economy really hasn’t been doing very well, whether you look at average wages, productivity or housing costs, it’s pretty grim and you can’t change these facts. And there is …
On Wednesday 16 September 1992, the UK economy was in deep recession, with unemployment of 10% interest rates of 10%, and the Pound was struggling to maintain its value against the D-Mark. As soon as markets opened, financial investors piled in to sell pounds to a beleaguered government, and Sterling fell, reaching the floor of …
In the early 1980s, housing was around 4 times income, but today, a buyer will need 8 times their income. Young people cannot afford to buy, with average deposits running at over £60,000. Renting has also soared in recent years, with average rents nearly £1,400 a month in England, and £2,200 in London. In the …
1970s – The Decade That Nearly BROKE BritainWatch this video on YouTube Rubbish piled on the streets, record levels of strikes, an IMF bailout and runaway inflation. The 1970s has gone down in the popular imagination as a dark time, literally in the case of the 3-day week, when lights were turned off, but …
Will Printing Money and QE cause Runaway Inflation?Watch this video on YouTube After the First World War, the German government were left with huge debts and reparation payments to the Allies. Faced with striking workers the government began printing money to pay workers higher salaries. It gave the government a temporary breathing space, …