Category: Finance
The Impact of Interest rates
The Bank of England, established in 1694, is the UK’s central bank and one of the world’s oldest financial institutions. Located in London’s financial district on Threadneedle Street, with assets exceeding £1 trillion, the Bank plays a pivotal role in maintaining monetary stability and financial oversight. Consumer Spending and Saving: Lower interest rates reduce borrowing…
How will Trump’s Second Presidency Affect the Economy?
Inflation and Tariffs One of the main concerns for voters is how the president will deal with inflation. Trump has promised to ‘defeat’ inflation in the coming years, yet has also made a firm stand on raising tariffs for imported goods. He proposes a 10% tariff on all goods entering the US, with a 60%…
Inflation 101: Understanding the Rising Cost of Living
Inflation is a topic that pops up in economic news and everyday conversations alike, but it can be tricky to fully understand. Simply put, inflation refers to the rate at which the prices of goods and services rise, which in turn erodes the purchasing power of money. This affects individuals, businesses, and economies in various…
Labour’s £40bn Tax Hike: What the Autumn Budget Means for You
Chancellor of Exchequer Rachel Reeves delivered a speech highlighting the key points in the new budget for the last fiscal quarter of 2024. The announcement marks the first major financial statement released by the new Labour government led by Sir Kier Starmer. For further information not covered in this summary, the government have detailed the…
Is Vietnam Poised to be the Next Big Manufacturing Hub?
Basic Current Economic Situation In the last decade, Vietnam has become a very fast-growing economy, registering an annual GDP growth of 7.1% in 2018 (highest following the last decade), and a record-high 8.02% growth in 2022. Their average annual growth rate in 1985 was 3.86%. They were the few countries to still produce growth during…
Cards Against Humanity SpaceX Lawsuit: $15 Million Land Dispute
The at a Glance The Cards Against Humanity SpaceX lawsuit, filed on September 19, 2024, in Cameron County, Texas, centers on a land dispute near SpaceX’s launch facility. Here are the key points: Origins of this Lawsuit The roots of the lawsuit trace back to 2017: Key Allegations in this Lawsuit The Cards Against Humanity…
