Brexit deadlock & UK economy stuck in low gear

On 29 March, the day the UK should have left the EU, the House of Commons decisively voted to reject Theresa May’s EU Withdrawal Agreement, leaving the Brexit process in a state of turmoil. This was the third time the Prime Minister had asked MPs to approve the Brexit divorce deal that she concluded negotiating … Continue reading “Brexit deadlock & UK economy stuck in low gear”

What next for the global economy?

It was a disappointing beginning to 2018 for many major advanced economies. The UK endured a woeful start, with estimates suggesting gross domestic product (GDP) rose by just 0.1% in the first quarter, the weakest rate of growth since the final quarter of 2012. A similar picture of weakening growth emerged across the other major … Continue reading “What next for the global economy?”

Young and in debt

“Blessed are the young, for they shall inherit the national debt” – Herbert Hoover Today’s younger generation may well be discovering the truth of Hoover’s remarks as they adjust to living with the consequences of the 2008 banking crisis. Millennials – typically defined as those born between the 1980s and early 2000s – face lower … Continue reading “Young and in debt”