Interestingly, most who ask me about this aren’t necessarily worried about it, but are worrying whether they should be worried about it. That depends where you are in the income and assets chain. As always, those at the top end, and those living on income from investments will remain as comfortable as ever. Investment returns generally inflate with inflation and the more you earn and spend, the more wriggle room you have. If most of your wage or benefits are spent to survive, survival becomes more difficult. The rich get richer, the poor get poorer, twas ever thus…
“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.