The cost of the service is government debt With high inflation and rising interest rates, Mountain’s outstandings are expected to exceed £500bn over the next five years. Interest payments on that debt will rise to the highest levels since the late 1940s as a percentage of economic output. This year alone, the interest burden on private households has already reached £4,000 for him. This has raised concerns that public expenditures such as education and medical services may need to be curtailed in order to balance the fiscal balance. – Sunday financial email
The global economy risks being stuck in a permanent situation from which it will be difficult to get out. high inflation trap The Bank for International Settlements warned as workers and businesses chased higher prices. That’s why the BIS warned in its annual report on the global economy that the danger of having to keep rates going up until 2027 is greater than it is now. According to the so-called “central bank of central banks,” the longer inflation persists, the greater the risk that inflation will take hold, the more inflationary sentiment will set in, and the greater the cost of containing inflation. The BIS secretary also said a return to fiscal sustainability would help combat inflation. – Sunday Times
Motorists complain of a recent headache from the cost-of-living crisis, a 70% increase when the cost of living goes up. auto insurance Policy updated. According to the latest figures from the National Bureau of Statistics, car insurance costs have surged 43.1% over the past 12 months. Direct Line and Saga customers in particular were shocked by the size of the increase. Quarterly figures released by the British Association of Insurers, an industry body, do not yet reflect these increases. – Guardian
Marks & Spencer Partnered with Interactive Investor to give investors who do not own shares in their name the opportunity to vote at the Annual Meeting. The initiative is part of M&S’s “Share Your Voice” campaign and is sponsored by The Mail on Sunday. The retailer’s chairman, Archie Norman, hopes to strengthen connections between companies and smaller shareholders who invest through so-called nominee accounts on platforms such as Interactive. – Sunday financial email
