The human mind is absolutely stunning. We always find a way to patch a rotten system instead of spending the time developing a new healthier one. I just came across the news that the Danish government is preparing to go cashless starting next year. Well, not exactly cashless, but at least they plan to pave…
A few weeks ago I noticed an ad on the tube. It seemed to have a Bond-girl feel to it. Reminded me a bit of Ursula Andress in Dr. No. It made me think, no, I’m not ‘beach body ready’, plus I’m still single. I got myself a pie and didn’t think any more about…
One of the most puzzling questions central bankers have been asking themselves during the last few years is: why is inflation so low when the money supply has expanded so much? At the same time, and after realising it, then comes a second question: with inflation being so low, why isn’t growth much higher at…
HM Government has pledged that future increases to the income tax personal allowance will track increases in the minimum wage. With the minimum wage set to rise 3% this October, we can expect a commensurate increase in allowances around the same time, and some experts believe that this may be echoed upwards through the tax…
The first criminal trial to result from the investigation into the LIBOR fixing scandal has begun today, with former UBS and Citigroup trader Tom Hayes accused of 8 counts of conspiracy between 2006-2010. Prosecutor Mukul Chawla described Mr Hayes as “the ringmaster at the very centre, telling others around him what to do and in…
The nonsense peddled by much of the left-wing press (not to mention some in the Conservative Party who ought to know better) regarding poverty has long been a bugbear of mine. Accustomed to unprecedented levels of wealth and prosperity, our concept of poverty has become so warped of late that we regard people unable to…
UK Government borrowing dropped to £6.8 billion in April, down from £9.3 billion in the same month of 2014 and the lowest April figure since 2008. The Office for National Statistics revised its full year estimates upwards to £87.7 billion, which remains below the government’s target of £90.3 billion. However, this target may be further…
The Office for National Statistics has released data for April showing that retail sales were 4.7% higher than a year ago and up by 1.2% from the prior month, with growth driven by an exceptional performance in the clothing sector. The supermarket price war continues to apply downward pressure and the cost of fuel also…
The Confederation of British Industry has said that businesses should step in to the debate on EU membership early and stated that remaining in the organisation was in the country’s best interests. The remarks were made by the CBI’s President Sir Mike Rake ahead of the organisation’s annual dinner. Sir Mike told the BBC that…
The Office for National Statistics has announced that annual UK CPI inflation dropped to -0.1% in April from 0% in February and March. This is the first negative reading since the introduction of the CPI measure in 1996. Economists predicted that deflation would be short-lived and had come about due to a confluence of falling…
