Finance

Finance

Warning issued over record debt levels

The International Monetary Fund (IMF) has forecast strong and broad-based growth for 2018 in its’ biannual World Economic Outlook report. However, beyond the near-term optimism, the IMF has expressed the need to use growth to reduce government debt. Since the financial crisis global debt has surged to 225 percent of world GDP in 2016. Government…

Finance

The Finance Roundup

UK borrowing falls to lowest level in 11 years It is good news for the UK economy. Government borrowing has fallen by £3.5bn in the past year, making last year the lowest year of borrowing for 11 years. It means that the budget deficit is being reduced at a faster rate than expected. Public debt,…

Finance

Tax leaves cavity in wallets

The introduction of a new sugar tax on soft drinks has meant that consumers could end up paying more for their favourite fizzy drinks. The ‘Soft Drinks Industry Levy’, or ‘sugar tax’, was first announced in 2016 in the hopes of putting pressure on soft drinks manufacturers to reduce the sugar content of their drinks,…

Finance

Threshold raised for student loans

From 6 April 2018, university graduates were able to earn more before they begin to repay their student loan. Changes to student finance increased the repayment threshold for English and Welsh undergraduates who started during or after September 2012 from £21,000 to £25,000 a year, with the threshold to be adjusted annually to remain in…

Finance

US job market faces slow growth

The US is the world’s biggest economy. However, the beginning of 2018 saw it faced with difficulties in its labour market with slow growth rates and a static level of unemployment. The US Department of Labour reported that the previous month of March saw the number of jobs available on the market stand at only…

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