As prices, wages and inflation soars, the market is pricing a rise in interest rates before Christmas.

The Times reports that economists at Bank of America expect a modest 0.15 percentage point rise in December taking base rates up to .25%.

Base lending rates have not increased since 2018 and in March 2020 during the pandemic the Bank of England slashed rates to an historical low of 0.1%.

Central banks are between a rock and a hard place where they will be forced to raise rates to curb inflation but will pay billions more on their own borrowing. A rise of just 1% will cost the UK an additional £10 billion a year. The cost will be billions more for the US.

1.1 million job vacancies

Job vacancies in the UK have reached a 20-year high, which will slow economic recovery.

The ONS reports that the number of employees on payrolls showed another monthly increase, rising 207,000 to a record 29.2 million in September.

The Institute for Employment Studies (IES) said labour shortages were "affecting the whole economy, and where likely between a quarter and a third is explained by lower migration".

Tony Wilson, director of the IES, told the BBC there were now fewer unemployed people per vacancy than at any time in at least 40 years. This is down to fewer older people in work and more young people in education he said.

The number of vacancies hit another record high of 1.1 million and average weekly earnings, including bonuses, are 7.2% higher than this time last year. Wage rises, which have reach 15-20% in some sectors, are normally followed by higher inflation and consumer prices for all.

Business leaders want to be allowed to import the workers they need to fill labour shortages. However, the government wants an end to low-skilled and low-wage immigration.

The energy crisis is threatening to shut down manufacturing production in the UK within days unless the government takes urgent action. Businesses want the government to protect them from huge increases in energy costs as well as reducing or removing ‘green tariffs’, which puts them at a disadvantage compared to countries like China.

The UK is sitting on a gold mine of natural shale gas that the government will not exploit due to environmental concerns. The US takes advantage of its shale gas which is why prices are one sixth of UK gas.

While China powers industry with coal fired stations, the UK refuses to reopen new coal mines in order to meet environmental targets which Asian competitors ignore.

China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments.

Stock Markets could fall 10%, the Bank Of England has warned

Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted this week.

 

How can you protect yourself and profit from a stock market or property crash? 

Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf. Check with your administrator or financial adviser.

The answer is to learn about investing and become more financially aware. 

Financial education is the key to building and keeping wealth. Never stop learning! 

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, become a professional property investor, or would like tobe financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2 

Book now as spaces fill up fast...

#interestrates #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #bankofengland

As prices, wages and inflation soars, the market is pricing a rise in interest rates before Christmas.
The Times reports that economists at Bank of America expect a modest 0.15 percentage point rise in December taking base rates up to .25%.
Base lending rates have not increased since 2018 and in March 2020 during the pandemic the Bank of England slashed rates to an historical low of 0.1%.
Central banks are between a rock and a hard place where they will be forced to raise rates to curb inflation but will pay billions more on their own borrowing. A rise of just 1% will cost the UK an additional &pound;10 billion a year. The cost will be billions more for the US.
1.1 million job vacancies
Job vacancies in the UK have reached a 20-year high, which will slow economic recovery.
The ONS reports that the number of employees on payrolls showed another monthly increase, rising 207,000 to a record 29.2 million in September.
The Institute for Employment Studies (IES) said labour shortages were "affecting the whole economy, and where likely between a quarter and a third is explained by lower migration".
Tony Wilson, director of the IES, told the BBC there were now fewer unemployed people per vacancy than at any time in at least 40 years. This is down to fewer older people in work and more young people in education he said.
The number of vacancies hit another record high of 1.1 million and average weekly earnings, including bonuses, are 7.2% higher than this time last year. Wage rises, which have reach 15-20% in some sectors, are normally followed by higher inflation and consumer prices for all.
Business leaders want to be allowed to import the workers they need to fill labour shortages. However, the government wants an end to low-skilled and low-wage immigration.
The energy crisis is threatening to shut down manufacturing production in the UK within days unless the government takes urgent action. Businesses want the government to protect them from huge increases in energy costs as well as reducing or removing &lsquo;green tariffs&rsquo;, which puts them at a disadvantage compared to countries like China.
The UK is sitting on a gold mine of natural shale gas that the government will not exploit due to environmental concerns. The US takes advantage of its shale gas which is why prices are one sixth of UK gas.
While China powers industry with coal fired stations, the UK refuses to reopen new coal mines in order to meet environmental targets which Asian competitors ignore.
China&rsquo;s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments.
Stock Markets could fall 10%, the Bank Of England has warned
Financial markets and stocks and shares could see a &ldquo;sharp downturn&rdquo; with lower expectation of an early economic recovery from the lockdown the Bank of England predicted this week.
&nbsp;
How can you protect yourself and profit from a stock market or property crash?&nbsp;
Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf. Check with your administrator or financial adviser.
The answer is to learn about investing and become more financially aware.&nbsp;
Financial education is the key to building and keeping wealth. Never stop learning!&nbsp;
Keep watching or listening to my free podcasts on iTunes and subscribe to my <a href="https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg/featured">YouTube channel</a> for regular financial news and updates.
If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this <a href="https://charleskelly.clickfunnels.com/phase-2-vsl-funnel-2020-latestvh98rpn3">free on demand training</a>.
I will give a special free gift which can help you to immediately transform your finances when you attend the online training.
Click on this link to watch the free training now <a href="https://bit.ly/3wLWqx2">https://bit.ly/3wLWqx2</a>&nbsp;
Book now as spaces fill up fast...
#interestrates #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #bankofengland

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.&nbsp; Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.&nbsp; Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. &nbsp; For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips Podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. 

Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. 

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.  

For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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