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Bank of England Governor Announces Inflation Rise
The governor of the Bank of England, Mark Carney, has announced that the fall in the value of Sterling will result in a rise of inflation on goods and services, starting with food prices in the next few years. Mr. Carney spoke at a public roundtable where he announced the rise, and warned that the…
Financial week in a glance: what’s been trending
In the international news Tesla and SpaceX CEO, billionaire Elon Musk sold about $8.5bn of Tesla stock after announcing he will buy Twitter for $44bn, a milestone moment for the 16-year old social media platform, which will take it from being a publicly-owned company to a private one. His takeover is expected to be completed…
Isle of Man Probate
A policy of life assurance or capital redemption that has been issued by and IOM Insurance Company is considered an Isle of Man asset. Therefore, upon the death of the last surviving policyholder, an application to the courts in the Isle of Man must be made to obtain Probate before its value can be paid…
UK Economy Suffers £122 BILLION Brexit Black Hole
UK Chancellor Philip Hammond has revealed the true cost of Brexit to the British public in his first Autumn Statement. Hammond announced that Government finances would be £122 billion worse off by 2021 as a result of Britain’s decision to leave the European Union. As a result, the Government will no longer be attempting to…
Britain Made To Pay for Brexit Vote
Senior British Government officials have admitted this week that Britain will likely need to pay for access to the EU single market post-Brexit. Brexit secretary David Davis admitted in the House of Commons on Thursday that major criterion of Brexit was “to get the best access for goods and services to the European Union”, even…
Investing in Crisis: Historic Perspective
Investing in a crisis is no doubt risky, for the timeline and scope of a recovery is uncertain at best. But economic crises happen from time to time. Recessions and depressions occur. In the 20th century alone there were around twenty identifiable crises, and even more geopolitical events such as wars or terrorist attacks, which…