OK, this sounds like good news, doesn’t I? Last month’s figures showed a fall in GDP, and three of those in a row equals ‘technical recession’. These latest figures show we’re growing; by not a lot, but would guess that most would take it. Today, however, we heard that inflation is up, rather than down. By not a lot, in fact only as much as the economy has grown, but still up rather than down, and what’s going on in the Red Sea is predicted to make lots of stuff more expensive still. The key factor is whether interest rates will have to go up again, to in theory stop us from being able to afford that stuff that we can’t afford anyway because it’s already so expensive. Confused? I’d say even the economists are most of the time. My best guess is that they won’t go up further, just might not go down very quickly. Pain, gain, etc….
“London’s millionaire exodus: Advisers will ‘undeniably’ see wealthy clients move abroad”
Should we be bemoaning the ‘exodus of London’s millionaires’? Millionairedom, of course, is somewhat devalued these days (is that a mixed something or other) as a owning a one-bedroom flat in the right part of London elevates you there
