Bank of England moves to calm the markets

  Under pressure from its MPs, the government has been forced into a series of embarrassing U-turns since the mini-budgets, including climbing down on a plan to scrap the top rate of income tax. Experts believe that chancellor Kwasi Kwarteng will have to row back on more of his tax cuts or drastically cut public…

Chancellor Kwasi Kwaerteng unveils tax cuts

An increase in National Insurance is reversed and low-tax investment zones will be set up across the UK. The cap on banker’s bonuses is lifted and a planned rise in corporation tax from 19 per cent to 25 per cent in April 2023 was scrapped. The basic rate of income tax is cut to 19p…

Currency must be defended from democratic interference

After the 2008 financial crisis, when the critical attention shifted from the economy to the most fundamental feature of all market economies, money, 2022, is turning out to be the year that puts the politics back into the monetary policy, with the impending fight for the next Conservative party leader between Rishi Sunak and Liz…

BoE raises interest rates to 1.75% amid cost of living crisis

  The Bank of England’s (BoE) Monetary Policy Committee has announced interest rates are rising from 1.25 per cent to 1.75 per cent. Interest rates have crossed the highest level since December 2008 after the biggest single rise since 1995, favoured by eight of the nine members of the BoE’s Monetary Policy Committee who voted…

The success of Private Equity

Private equity was once an investment niche, but today the wealth controlled by its leading firms surpasses the GDP of some nations.  Private equity has overtaken investment banking- and well-known names like Goldman Sachs and Morgan Stanley as the premier destination for ambitious financial talent, as well as the investment dollars of some of the…

Peek into the future: the Next generation web plaform

Disney CEO Bob Chapek has been one of the most vocal entertainment industry chiefs about the possibilities of Metaverse as a part of the canvas for creatives, which first emerged as a concept in the imagination of science fiction writers. Although everybody seems to be talking about Metaverse, no one can agree on what the…