3 Reasons Not To Retire

We are living through what is being called the silver tsunami. According to Legal Jobs, “about 10,000 baby boomers turn 65 each day, and the entire generation is expected to reach retirement age by 2030.” While many people spend their working years aiming to eventually retire, there are reasons why complete retirement should not be […]

Homeowner pain as major banks lift mortgage rates

Some of the UK’s biggest banks are raising mortgage rates as expectations of when the Bank of England will cut interest rates are pushed back. Barclays, HSBC and NatWest are all increasing some costs on fixed-rate mortgage deals from Tuesday. Mortgage rates have risen over the past few weeks as views have changed on when […]

The decline and fall of a buy-to-let empire

Apparently articles about the fag-end of my buy-to-let (BTL) portfolio are very popular. I don’t really understand why. Voyeurism, maybe? Well, if writing them puts even one potential landlord off from getting into BTL then I’m doing them a service. If you’re new, you might enjoy my first article in this series, about my formative […]

First-time buyers face toughest test for 70 years

First-time buyers are facing the toughest conditions in 70 years to buy a home, according to a report by the Building Societies Association (BSA). Those buying a first home were increasingly reliant on having two high incomes or receiving parental support, it said. Others have been priced out and “stuck” in renting from private landlords. […]

‘Significant shortcomings’ in Bank of England’s forecasting, finds Bernanke

“Significant shortcomings” in the Bank of England’s economic forecasting record have undermined its ability to control inflation, an independent review has warned. The review, led by former Federal Reserve chairman Ben Bernanke, warned the accuracy of the Bank’s predictions had “deteriorated significantly” in the wake of the pandemic. The US central banker said this had […]

Wealth Needed to Join the Top 1%, by Country

The last decade has witnessed a remarkable surge in the global number of millionaires. By 2022, 1.1% of the world’s adults were millionaires, up from 0.6% in 2012. So, how to know if you belong to the top 1% in your country? The 1% ClubThe individual net wealth required to join the top 1% can […]