The BOE’s announcement today is a laudable pursuit but I’m not sure that they are not ‘behind the game’.

Let me explain….. the historic multiple of earnings for a family was based on one income earner and over the last twenty years, due to the changed modern lifestyle, both husbands/wives/partners both bring in earnings and, therefore, this multiple could be allowed to rise and still be seen to be a responsible action. Continue reading →

According to the latest Office For National Statistics inflation in May has fallen to 1.5% assisted by a fall in food prices and lower fuel costs.  This is much lower than the BOE/Mark Carney had previously predicted and it’s the lowest level for 4 1/2 years.  If it falls any further it may even trigger a letter of apology from the BOE to the Chancellor for dropping below the indicated level of 2%. Continue reading →

We all know why President Obama is pulling the troops out of Afghanistan having done so in Iraq.

It’s good for momentary headlines particularly when you are trying to bolster up some unprecedentedly low approval ratings but what price is America and the rest of the world going to pay for this moment of injudicious political and military naivety? Continue reading →