What has seemed most unfair has been that those who have correctly “played by the rules” by saving conscientiously, paying down debts and spending reasonably, have been the ones that have suffered the most over the past few years.
Prices in top neighbourhoods, such as Mayfair and Kensington, will be flat next year after a slowdown that began in March with a coalition government budget that included a proposed "mansion tax", Knight Frank said on Friday.
Investors would be wise not to expect miracles out of Europe anytime soon, said Axel Weber, chairman of the board at UBS Bank.
Bonds come in all shapes and sizes – for example, there are government bonds, investment-grade corporate bonds, high-yield bonds and emerging-market bonds.
After all, statistics can be spun in any way we wish. However, the GDP figures that are so prominently in most economic statements from politicians seem to be one of the least efficient and reliable to be measuring the state of the economy.
The recent economic turmoil in Greece, Italy, Spain and Ireland would “no doubt have placed a heavy burden on both expat and UK investors”.
Vince Cable’s reference to tax havens as ‘sunny places for shady people’ at the Lib Dem’s conference, hits upon one of the hotly debated tax issues of the year. Monaco has been in the press a great deal over the past week – m
European banks have admitted they have a cost problem, and must now show skeptical investors they are doing all they can to lead a profitable life without the crutch of bloated jobs, bonuses and business lines.