It seems like a world away now, but the 1970s and 1980s both saw periods of double digit inflation, where prices rose at one point in 1975 to nearly 25 percent.
How any economy could function like this seems a mystery, until the obvious answer presents itself - Britain’s economy didn’t function under this burden, strikes, chaos and by 1982 over three million unemployed.
Physics is a more exact science than finance, and judging by recent Oscar nominations, it’s often more romantic and glamorous.
Stephen Hawking, one of the great minds of the 20th Century was one of the first proponents of unified field theory, or the theory that explained the entire universe. So far a unified financial theory has yet to be created, but let’s consider the possible components. Many of us are acquisitive, and w...
For decades now, successive governments have aimed to encourage saving. Arguably it is very much in their interests to do so. People with savings, pretty much by definition, are less likely to run into financial difficulties. This means that they are also less likely to need state benefits. In recent years, governments have made particular efforts to encourage saving for retirement (“We're all in!”). While pensions have...
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