Here’s why we’ll be OK for quite a while to come, investment-wise at least. It’s not just the dear old Bank of England which is pumping money into the economy and keeping interest rates at virtually 0%. It’s most other Bank of’s around the world, in the US, Europe, Japan, China, etcetera, etcetera (The King and I, kids etcetera). Before you say ‘what about the debt and what about inflation’, they’ve been at it since the last crash, so for over 10 years now. And we’re all still here. For now.
“UK slips into recession as economy contracts 0.1% in December”
This week’s big economic and bad election news is that we are, or certainly have been, officially in a recession. You may not have thought you were, or you may have thought you have been for some time, as we and its effects are all different.