Most recent figures suggest that consumer prices are increasing, while average wages are stagnating – meaning that people across the country are facing higher costs of living. To finance higher costs of living, more and more people are borrowing.
From 2009 to 2012, the Bank of England created £375bn of new money. In response to potential economic uncertainties arising from the Brexit vote, the Bank of England announced it would expand its Quantitative Easing (QE) programme by an extra £70bn – bringing QE to a total £445bn.
Eight people now own more than half the world's population. This terrible statistic lurks behind many of the world’s worst troubles. How has it come to be?
The world's eight richest individuals have as much wealth as the 3.6 billion people who make up the poorest half of the world, according to the latest Oxfam report.
The sustenance of economic systems often relies on delicately balancing two perilous extremities. When looking at inequality, for instance, one finds that the lack of it will lead to an economy’s atrophy, while its excess may lead to unsustainable tensions. Since the end of the most recent financial crisis, developed countries have been inclined towards the latter scenario.