When was the last time you had a pay rise? Many people might answer that question by saying “about five years ago.” Envy the Chinese, or Poles, or Mexicans, or Indians. According to PwC, they are likely to see their wages shoot up. This is set to be a very...Read More
According to a Halifax report, new mortgages are at their cheapest level in 14 years. Mortgages taken out during Q1 accounted for just 27 per cent of borrowers’ net income. In 2007 the ratio was 48 per cent; over the last 30 years the ratio was 36 per cent. Yippee...Read More
Posted Aug 20, 2013
It's an odd thing, isn’t it? Not so long ago, people were talking about Belgium as being the country in northern Europe that was most in danger of going the way of Spain, Portugal and co. And for a long time, Holland – along with Germany and Finland – had...Read More
Posted Aug 15, 2013
Phew, that was close. UK inflation was 2.9 per cent in June, which was 0.1 percentage points less than expected and 0.2 percentage points less than feared, and some might say it was a relief.
Posted Jul 16, 2013
If inflation had been 3.1 per cent, as some dreaded, then poor old Mark Carney,...Read More
In 1994, the US Federal Reserve increased interest rates. The eventual effect of this was the Asian crisis of 1997, then the Russian crisis of 1998 and the collapse of LTCM. History does not repeat itself, once said Mark Twain, but it does rhyme.
Posted Jun 14, 2013
Did you hear that? It...Read More
Well, well, it is good news, and this time it really is.
The Purchasing Managers Indices from Markit/CIPS are perhaps the most meaningful of the forward indicators relating to the UK economy. This week has seen three of them, and they weren’t half bad either.
In fact, the composite index for May,...Read More
Posted Jun 05, 2013
The news on UK plc has been pleasing of late, but two doubts remain. Okay, the UK is expanding again, but it is growing from a very low base and very slowly. Secondly, is it the wrong type of growth?
Posted May 23, 2013
So here is your starter for ten points: What...Read More
It appears that the Chinese economy lurched backwards again in May. The Eurozone remained firmly in recession, or is that depression? So much for things looking up!
Posted May 23, 2013
You may know that the Purchasing Managers’ Indices follow a formula, with any score over 50 meaning expansion; under 50 indicates contraction....Read More
We asked is the debt on your home ‘a heavy burden’, ‘somewhat of a burden’ or ‘no problem at all’. The survey said: UH UHHHHH.
Actually, it was a bit more positive than that. The ONS has been looking at what it calls the burden of property debt in the UK,...Read More
Posted May 14, 2013
Debt, stocks, restaurant, economics, portfolio, religion, cancer. You can sort of see the link between some of those words, but not all. But there is a link apparently, and the link is with stock market performance.
Posted Apr 26, 2013
Take the word debt. If there is a decrease in search engine traffic...Read More