housing market

UK Government Debt and the Budget: What Really Just Happened?

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Rachel Reeves debt interest

What happened in the budget? Last week Rachel Reeves delivered the Government’s latest budget. It arrived amid a fog of leaks — some accidental, others clearly not — and a week of breathless speculation about market panic. In reality, there was a modest increase in the interest rate the Government pays on its borrowing. But … Read more

The Next Credit Crunch: Are We Closer to the Next One Than the Last?

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The Next Credit Crunch: Are We Closer to the Next One Than the Last? Back in 2008, the global economy ground to a halt thanks to a housing market crisis. The original credit crunch came in two brutal phases: Phase One: Wall Street Meltdown Wall Street financial institutions had been packaging mortgages into new financial … Read more