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 …
Ireland can lay claim to be the third richest country in the world. In the 1970s, Ireland was one of the poorest countries in Western Europe, largely agrarian and with real incomes that lagged its neighbour across the Irish Sea. But, then over the next few decades, the Irish economy started to grow faster than …
If you had bought a house in 1996, in just eleven years it would have increased 258% £51,367 to £184,131 (258%). After the credit crunch, there was widespread pessimism and stagnant wages, but it didn’t stop house prices rising 83% from 149,709 to 273,000. In the past 50 years, UK house prices have risen almost …
The UK is experiencing record levels of immigration and although it will fall a little in coming years, it will still be a record decade for immigration. The big question is why are immigration levels so high, how will it affect the economy and can the housing market cope with such a rise in the …
What can the UK Learn from the Greek Economy? Which is Worse – UK or Greece EconomyWatch this video on YouTube Which country was one of the fastest-growing European economy in the past three years? Yes, you’ve correctly guessed, it was Greece. To the north, the once mighty German economy is struggling to avoid recession, …
There was a time when Britain led the way in building. Britain built the first railway, the first iron bridge, the first underground system. Isambard Kingdom Brunel was voted the 2nd greatest Britain for his exploits, in transforming the country. But, if Brunel were alive today, would he find himself thwarted by red tape, NIMBY’s …
Defying predictions of recession and political turmoil, the US economy has grown noticeably faster than its competitors. Led by fiscal expansion and higher consumer spending, the US economy appears to be the global economic dynamo. Green subsidies led to a boom in construction investment and rising employment. Yet, despite the seemingly impressive GDP statistics, some …
Reader’s Question: Why does printing money cause inflation? Does this always occur? Summary If the money supply increases faster than output then, ceteris paribus, inflation will occur. If a government prints extra money, households will have more cash and more money to spend on goods. But, if the amount of goods stays the same, the …