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candy49
386 Followers
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๐ Hive since 2016
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@candy49
60
7 months ago
uk
70% of Billionaires in Britain are self-made, unlike in Germany where only 26% are self-made (the rest inherited their money)
Here is the table comparing billionaires across Europe: source There are a lot of aristocrats in Britain, but apart from the Duke of Westminister who owns pri
@candy49
60
8 months ago
eu
Have any EU member states gone from being net recipients of EU funds to net contributors?
A big component underpinning the European Union's philosophy is the concept of "solidarity payments". The idea is that the wealthier states transfer money to the poorer statesโฆ
@candy49
60
8 months ago
germany
Was Germany the country to suffer the most from Brexit?
A "hypothetical" study has been released claiming that Britain's economy would have been 8% bigger if Brexit hadn't happened. The economist Julian Jessop responded asโฆ
@candy49
60
10 months ago
uk
The UK's Dependency Ratio is currently worse than China's
The Dependency Ratio is a ratio between dependents (children and pensioners) and the workers who support them. It's calculated by the following formula: There has been a lot of panic recently ab
@candy49
60
1 year ago
uk
The Bank of England has now reversed ยฃ300 billion of Quantitative Easing
... but it still hasn't got back to March 2020 levels, that will need another ยฃ200 billion of asset purchases to be reversed. Here is the chart: [source](
@candy49
60
1 year ago
uk
UK gilt yields soar - for the first time this century the UK is paying more to borrow than the US
Normally British and American bond yields track each other. For good reason, as they are both service dominated economies with big housing and financial sectors. But yields areโฆ
@candy49
60
1 year ago
uk
UK trade surplus with New Zealand jumps after trade deal
The Brexit transition ended on 31st December 2020, after which Britain was free to sign trade deals around the world. The trade deal with New Zealand was signed in October 2021โฆ
@candy49
60
1 year ago
uk
Why are Holiday Inn hotels housing migrants, but Premier Inn hotels arn't?
It comes down to business models. Holiday Inn are part of Intercontinental Hotel Group (IHG hotels and Resorts). They're a British multinational listed on both the Londonโฆ
@candy49
60
1 year ago
uk
The UK's trade deficit with China widened to ยฃ39 billion
This was down to a sharp decrease in exports of goods to China. (Services exports were up, but not enough to offset the decline in goods). Here is the table: [source](
@candy49
60
1 year ago
uk
The Pound's share of Global Foreign Exchange Reserves is at the highest since 2000
The Pound is now the third most held foreign currency (5.1%), after the dollar (57.74%) and euro (20.06%) according to the IMF. Here is the table: [source](
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