The Budget
29/11/2025 by Tony Redondo This budget represents the death of aspiration, threatening to drag the UK from sluggish growth into recession. The OBR (Office for Budget Responsibility) has downgraded forecasts, indicating that real household disposable income and living standards growth over this parliament will be the second worst since the 1950s. By the end of […]
£30 Billion
22/11/2025 by Tony Redondo After months of speculation, U-turns and chaos, this Labour government’s second budget is nearly upon us with Chancellor Rachel Reeves looking to bridge a £30 Billion fiscal gap next Wednesday, 26 November. Reeves’ 2024 budget left only £9.9 billion of headroom against fiscal rules in 2029-30, a cushion that has long […]
The Dunning-Kruger Effect
15/11/2025 by Tony Redondo The Dunning-Kruger effect occurs when a person’s lack of knowledge and skill in a certain area causes them to overestimate their own competence. By contrast, this effect also drives those who excel in a given area to think the task is simple for everyone, leading them to underestimate their abilities. Currency […]
Déjà Vu
08/11/2025 by Tony Redondo Tuesday, 4 November. In an unusual move, Chancellor Rachel Reeves assembled a hastily arranged press conference at short notice just three weeks ahead of her second budget, due on 26 November. In October 2024, the Chancellor’s first budget statement increased tax by £40 billion per annum on average and annual borrowing […]
Dumped
01/11/2025 by Tony Redondo Currency Exchange Rates Update The Pound Sterling was well and truly dumped in October, dropping against 98% of global currencies, its worst month since September 2022 (Truss/Kwarteng mini-Budget turmoil) and recording its worst monthly run in nine years against the Euro. Last month, the Pound lost nearly 1.6% in the last […]