One month on from the end of the Brexit transition period and the dust may have settled on the 11th-hour agreement reached between the EU and UK, but many businesses and individuals are still coming to terms with the reality of what it means for them. Although the agreement was lauded as a success, what …
Why price inflation will remain low even with record debt
UK government debt is running at £400 billion a year or 20% of GDP. Money supply growth is rising by nearly 14% per annum and the ratio of outstanding debt GDP – 85% of the economy just last year – is set to be around 108% of GDP in the 2020/2021 financial year. Surely that’s …
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Quantitative Easing and the risks of rising wealth inequality
In the face of unprecedented actions to safeguard public health, government-mandated lockdowns have seen global economies in free-fall. In response, central banks have embarked on several innovative monetary and fiscal measures. Official short-term interest rates were cut to record lows in most advanced economies. In some jurisdictions, like in the EU and Japan, rates have …
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