The financial crisis of 2008 left deep scars on the British economy. The average UK household is now estimated to be 16% poorer than it would have been had that crisis never occurred.
Given that average annual household income is around £55,200, this suggests each one is losing out to the tune of £8,800 per year.
German lender pledges to deliver higher growth, returns and payouts
Discussions came as Colm Kelleher tries to pressure Swiss government to back down over proposed capital rules
Stacking subs
The budget primary balance produced a surplus of 10.3 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Fitch upgraded Greece’s rating by one notch to ‘BBB’ with a stable outlook. The upgrade reflects the rapid public-debt reduction, sustained budget surpluses, a resilient economy, and stronger banking-sector fundamentals, while long standing external and structural weaknesses continue to weigh on the rating.
Prime Minister Kyriakos Mitsotakis is aiming to play a long game ahead of the next elections and is trying to keep New Democracy MPs on the same page despite their obvious disappointment about the centre-right party’s lacklustre opinion poll numbers.
Greece became the first EU nation to actively participate in the US strategy to replace “every last molecule of Russian gas” with American LNG when it inked a deal on Sunday to help Ukraine meet its winter energy demands.
Home prices in America won’t come down without systemic reform
Regulatory gaps mean firms can have ‘much more leverage and a different investment appetite’, reinsurance boss says
