Today’s UK budget is called ‘the budget for growth’ with the four E’s of enterprise, education, employment, and everywhere. Jeremy Hunt heavily trailed the latter in a speech he made at Bloomberg’s offices in January. Many of the proposals in the Budget were as expected and were known by the media. In other words, there …
Balancing the financial books – what price happiness?
Income: 19s,8d Expenditure: 18s,8d Result: Happiness said Micawber If only life was that simple. But looking at the UK’s financial balances can yield useful information about the build-up of excesses in the real economy. Recent figures from the ONS show that the UK’s household saving ratio – defined as their total expenditure relative to disposable …
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