In the last quarter of 2024, the UK had the lowest rate of economic growth amongst advanced economies. Yet it also had the highest Central Bank interest rate. 4.75%. It is higher even than the Federal Reserve, despite US growth being almost double the UK in recent years. Is Bank of England Pushing Economy into …
London can be a great place to live, with a strong economy, a wealth of high-paying jobs, and a rich legacy of art, sport and culture. It’s become a melting pot of world cultures and is the top European city for tourist visits. Symbols of London are instantly recognisable. Yet, at the same time, its …
Is UK Debt Getting Out of Control?Watch this video on YouTube The start of 2025, saw UK bond yields soar to the highest level since 2008, causing the media to panic the UK was heading towards another debt crisis – worse than Lizz Truss, some papers rather hysterically claimed. Since 2003, UK debt has risen …
Latest figures on UK National Debt. What National Debt is. Why National Debt is increasing?
Debt interest payments are the amount the government need to pay to holders of government bonds. It is the cost of servicing public sector debt. One forecast by Pantheon Macroeconomics suggested that the UK’s debt interest bill would rise to £123bn for the current financial year alone, £35 billion higher than previously forecast and £54bn …
It’s been a good few decades for the top 1%, with big rises in income and wealth. But, what does it take to be in the top 1% by income, wealth, land-ownership and house values? If we look at the metric of wealth, a Swiss would need $8.5m, an American would need $5.8 million and …
Things can appear pretty bleak. We have warnings of a collapsing economy, record waiting lists, crumbling infrastructure and rising homelessness. The government might have changed, but the problems seem the same. Wages have stagnated and young people have low expectations of their future. It wasn’t always like this. In the post-war period, real wages were …
In 1999, Tony Blair made a pledge that 50% of young adults would go into higher education by the next century. And this is one government promise that has actually been achieved, Student numbers have risen, UCAS applications almost doubled. Students are told a degree is a passport to success, higher salary and cultural enrichment. …