Daily Archive: December 28, 2017

Dec
28

Why I predict we will be wealthier in the future

Wealth will roughly quintuple by 2118, with global income of $80,000 per person

Dec
28

Rising Chinese interest rates check big-city house price gains

FTCR China Real Estate Index takes another lurch down as credit woes hit sales

Dec
28

Thatcher warned Major about exchange rate risks before ERM crisis

National Archives: private warning came just five weeks into Major’s premiership and 20 months before Black Wednesday

Margaret Thatcher privately warned John Major that he was in danger of making a mistake of Churchillian proportions on exchange rate policy and risked pitching the British economy into recession, the cabinet papers reveal.

Her warning to her anointed successor as prime minister came 20 months before “Black Wednesday”, when the pound crashed out of the European exchange rate mechanism in September 1992.

Related: ‘Oh dear': John Major’s mild-mannered notes on briefing papers revealed

Related: For their eyes only: the secret stories ministers don’t want you to read | Richard Norton-Taylor

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Dec
28

UK to sink to the bottom of OECD wage growth index in 2018

British workers to be worse off among wealthy nations as Brexit inflation diminishes pay, TUC analysis show

Britain is set to have the worst wage growth of any wealthy nation next year, ranking behind Italy, Greece and Hungary, according to analysis by the TUC.

The UK is forecast to come bottom from 32 Organisation for Economic Co-operation and Development wealthy nations for wage performance in 2018, according to the study of OECD figures by the unions’ umbrella group.

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Dec
28

A protectionist advance is far from inevitable

Trump will huff and puff. The rest of the world will limit the damage

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