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For most of the period since we have had records, the UK has held a positive net international investment positions versus the rest of the world. But the UK is now a net debtor. What are the reasons for this extraordinary reversal and what does it mean for the exchange rate?
George VI was the unexpected king. His human qualities reinforced the spirit of social solidarity which helped Britain to victory in war and recovery in peace.
In the long run, in an Internet society, it is claimed, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others, to work as they did in the 20th century. - Is this true?
A consideration of the evolution of the asset and liability position of the UK's household, firm and government sector prior to the financial crisis and where we currently stand in terms of adjustment that is still required.
Edward VIII reigned for just 325 days. The history of his reign is in large part the history of the abdication. However, as Prince of Wales, Edward had been the first heir to the throne to find a genuine role for himself, as a spokesmen for the ex-service generation.
Rapid economic growth in the emerging worlds has placed downward pressure of manufacturing wages in the advanced world. With increasingly lower real interest rates putting upwards pressure on asset prices, these twin forces have the propensity to accelerate income inequality. What do the facts say?
George V’s reign coincided with the fall from power of five emperors, eight kings and eighteen other dynasties. But in Britain the monarchy gained in popular esteem and this helped to preserve parliamentary government in the difficult years between the wars.