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Time To Look Abroad? UK Workforce To Suffer “Dreadful” Wage Prospects
The Institute for Fiscal Studies (IFS) has outlined the wage prospects of UK workers as “dreadful” after Chancellor Philip Hammond’s first Autumn Statement. The IFS states that workers will be worse off financially in 2021 in real terms than they were in 2008, with lower income families to be the worse affected. Paul Johnson, Director…
The future of Sterling
The Long-term outlook If the outlook for sterling is largely to be determined by the direction of interest rates, and rates are to be largely determined by inflation rather than the economic outlook, then what is the outlook for UK inflation? Recent data around both grocery and energy prices indicates that at least some of the…
FINANCIAL WEEK IN A GLANCE: KEY TRENDS
Markets closed down significantly on Friday and have started this week poorly. US stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the Dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the…
Trump – The first 100 days
Assessing the Impact As Donald Trump completes his first 100 days in office, a complex economic narrative emerges, one which challenges traditional approaches while attempting to address long-standing structural challenges. His presidency has introduced uncertainty and volatility, yet the broader economic context remains one of relative strength. This dynamic sets the current period apart from…
Using Home to Fund Retirement is a “Delusion”
Using Home to Fund Retirement is a “Delusion” says former Minister Steve Webb, Britain’s former Pensions Minister, has stated that planning to downsize your home to secure a retirement income is a “delusion”, according to the BBC. He said that the 3 million British people who are relying on their homes for retirement are in for…
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…
