Bank Reserve Deposits – How Money is ‘Really’ Created. More than 97% of all the money in the economy exists as bank deposits – and banks create these deposits simply by making loans. Every time someone takes out a loan, new money is created. Even among … Continue reading How Do The Banks Create Money?
The design of the new English banknotes, which will include an image of King Charles III, has been made public for the first time by the Bank of England. In 2024, it’s anticipated that the new bills will start to … Continue reading King Charles III Banknotes Unveiled
Britons saw their average pay rise by 6 per cent between June and August, but wages still failed to keep pace with runaway inflation. The government is on course for further clashes with public servants. According to the data, regular … Continue reading Why Are Wages Below Inflation?
The unemployment rate has fallen to its lowest level for decades, but pay pressures remain. Inflation is at its highest level for decades, and long-term illnesses are playing a major role another factor is the low wage earnings of workers … Continue reading Bank of England Issues Warning on UK Financial Instability
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, … Continue reading Cost of Living Crisis: Prices Rise While Pay Falls
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 … Continue reading The Rise of the CBDC market
