The Middle Class: A Nation’s Indicator of Wealth, According to Hamish McRae

Feeling like you’re swimming in money or struggling to make ends meet? Prepare to be enlightened as Credit Suisse unveils its annual Global Wealth Report, which delves into the wealth distribution around the world. Although Credit Suisse was recently acquired by UBS, it’s clear that the tradition of assessing the richest individuals and countries will …

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‘Airbnb Host Slaps Me with a £900 Fine for Toilet Blockage’

Are you a victim of unfair treatment by a company? Our Consumer Champion is here to assist you. For information on how to contact her, click here. Dear Katie, My husband and I had our very first vacation with our three-month-old baby in France, where we booked an Airbnb flat. Unfortunately, less than two days …

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The Lifelong Impact: Saga’s Reputation at Stake due to Magazine Controversy

In a surprising turn of events, Saga, the organization dedicated to serving the needs of those over 50, has decided to cut off communication with long-time customer Graeme Forsyth. This decision came about when Saga informed lifetime subscribers that they would no longer receive hard copies of the monthly magazine they had originally subscribed to. …

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MAGGIE PAGANO: Mortgage Stress Intensifies as Interest Rate Hike Looms

Crunch Time for Mortgage Borrowers as Interest Rates Rise By Maggie Pagano | Updated: 23:10 BST, 8 August 2023 My phone has been ringing incessantly over the past few days. Friends and family members are in a panic because their fixed-rate mortgage deals are coming to an end this year, and they are scrambling to …

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RUTH SUNDERLAND: Boost of Positivity for UK plc

Title: UK Businesses Shine Amid Challenging Times: Embracing the Old and Exciting the New Introduction: Despite a challenging economic landscape and a pessimistic outlook, the City’s recent half-year results reveal a more positive story. Amidst the gloom, several prominent UK companies are thriving, showcasing both a revival for established firms and the rise of exciting …

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Potential Economic Disaster for the West Looms Amidst US Political Turmoil

China, once seen as a cheap manufacturing hub, has transformed into a formidable competitor across various sectors including green energy, engineering, software, and consumer goods. To protect its economy, China is now taking measures to safeguard against potential sanctions and other pressures. As concerns grow over a potential international crisis arising from Taiwan, it is …

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Jeff Prestridge: The Longevity of Britain’s Warren Buffett

There is a scarcity of good fund managers in the market, and even fewer who can maintain their success over a long period of time. Nick Train of Lindsell Train is one of those rare individuals. He has been managing the investment trust Finsbury Growth & Income since late 2000 and has achieved an impressive …

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Could Hamish McRae: The Urgent Need for a Rethink in Taxation

The Government’s ignorance of how its own actions impact economic growth is a puzzling phenomenon. Jeremy Hunt’s focus on the de-banking scandal is an exaggerated reaction to the money-laundering legislation of 2017, which pressured banks to be more cautious about their customers. However, the Chancellor should reconsider his approach to business taxation once he has …

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Alex Brummer asserts that the US downgrade highlights the detrimental impact of politics on optimism, attributing it to the inability to control federal spending.

The Fitch downgrade of the US’s credit rating to ‘AA’ has caused a stir in financial markets and sparked a response from the Biden Administration. This is reminiscent of the reactions in 2013 when the UK was downgraded after the Great Financial Crisis. It is noteworthy that the American downgrade has implications for the credit …

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