How much debt is too much? When should the Treasury borrow money and when should the Bank of England create new money to finance spending?
In this Keiser Report, Max Keiser interviews Fran Boait, Director of Positive Money about Osborne’s ‘fiscal charter,’ the rise of inequality and its causes.
This article by Damon Gibbson was originally published on the Touch Stone website on 8th September 2015:
The Conservatives are in office for another five years with a long term plan to deliver a prosperous and more balanced economy. But with the mounting burden of household debt set to grow even further, we could be in for a bumpy ride.
The richest 1,000 people have more wealth (£547 billion) than the poorest 40% of households (£452 billion). Last year they saw their wealth increase by a staggering £28.151 billion, the equivalent of £77 million a day, or £893 a second, according to the annual Wealth Tracker report by The Equality Trust.