Cost of Living Crisis: Prices Rise While Pay Falls
ONS warms of falling wage increases amid the cost of living The UK wages continue to lag behind the cost of living, but the unemployment rate has dipped to 4.1% and job vacancies hit a fresh record high. Wages increased, but when inflation is factored in, income is down 0.8 Continue Reading
The Rise of the CBDC market
A central bank digital currency is a new form of money that does not exist in a traditional reserve account. CBDCs are presently mostly in the hypothetical stage with some in proof-of-concept programmes. China’s digital RMB is the first digital currency to be issued by a major economy. Central banks Continue Reading