Author: Tony Redondo

AI

04/10/2025 by Tony Redondo Leading AI executives and thinkers share a stark message. People have approximately 18 months to retain their advantage over AI (artificial intelligence) in the workforce. AI is transforming employment in complex ways with 25-40% of jobs globally exposed to AI disruption. Job displacement is occurring in roles involving routine tasks, but […]

Inflation

27/09/2025 by Tony Redondo The OECD (Organisation for Economic Co-operation and Development) thinks the UK will be hit by the highest level of inflation of any major economy this year. The OECD expects the UK’s inflation problem to persist, ending this year at 3.5% and ending 2026 at 2.7%, a long way from the BoE’s […]

Tax

20/09/2025 by Tony Redondo Britain’s taxes are so high that putting them up again would cost more than they raise according to top US economist Dr Arthur Laffer, the brains behind the Laffer curve. Dr Laffer, who advised Mr Trump during his 2016 campaign and was formerly an adviser to Ronald Reagan and Margaret Thatcher […]

Debt

13/09/2025 by Tony Redondo The UK is the sixth most indebted nation in the world with a sovereign debt level a fraction below 100% of GDP (Gross Domestic Product). First place goes to Japan at 256%, then Italy at 135%, the USA at 119%, France at 110%, and Canada at 107%. At the bottom of […]

Musical Chairs

06/09/2025 by Tony Redondo A torrid first week of Starmer’s “phase two” reset of his government with three resignations and a wholesale cabinet reshuffle. It’s been like watching a game of musical chairs, only on the Titanic. First, Deputy PM, Deputy Leader of the Labour Party and Housing Secretary Angela Rayner jumped before she was […]

Dominoes

30/08/2025 by Tony Redondo Will it be France or the UK that triggers the next financial crash that sees a number of highly indebted countries economies fall like dominoes? France’s debts are out of control. There is no space left to raise taxes any further. The political establishment can’t agree on anything other than kicking […]

Stormy Autumn Ahead for Britain

23/08/2025 by Tony Redondo Who remembers 1976 and the ignominy of Labour Chancellor Dennis Healey going ‘cap in hand’ to the IMF (International Monetary Fund) for an emergency bail-out and then the winter of discontent in 1978-1979? Sadly, we all better bone up on history as there are a growing chorus of voices suggesting history […]

Global Wealth

16/08/2025 by Tony Redondo The latest UBS Wealth Report shows that global wealth amounts to USD 471 trillion, with the USA contributing 35%, China 19%, Japan 4.5%, just ahead of the UK, Germany, and France. Europe, comprising the EU, UK, Switzerland, Norway, and Turkey, accounts for 22% with 80% of the world’s wealth divided between […]

A conflicted Bank of England

09/08/2025 by Tony Redondo A conflicted BoE (Bank of England) duly delivered the expected 0.25% interest rate cut last Thursday to take rates down to 4%. It’s the fifth time rates have been cut since last August and takes UK interest rates to their lowest level since March 2023. What was unexpected was the much […]

It’s Decision Time

02/08/2025 by Tony Redondo It’s decision time for the BoE (Bank of England) when they meet on Thursday to decide on the next move in UK interest rates. UBS, Barclays and Lloyds amongst others are expecting a three-way split decision given conflicting data point on a weakening labour market and sticky inflation with five members […]