BasicsFinance

What Salary Should You Be Making At Your Age? (UK Guide)

All other things being equal, there is a positive correlation between age and salary. In general, the older you get, the higher your salary should grow. With age comes experience, and older employees are typically in a better position to leverage their experience for more money. So you probably might find yourself asking: How much should I be earning at my age? Unfortunately, this…
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Finance

How Much Savings Can You Have To Qualify For ESA?

TL;DR: ESA income-based payout amounts are not affected if you or your partner have less than £6,000 in savings. If you have more than £16,000 in savings, you are not entitled to ESA benefits. If you have between £6,000-£16,000 in savings you receive a monthly income…
FinanceProperty

How Has Airbnb Affected the UK’s Housing Market?

What Is AirBnB? Unless you have been living under a rock you have probably heard of Airbnb. Founded in 2007, Airbnb has exploded into a multi-billion dollar business and operates in over 190 countries across the world. After all, the idea of being able to rent a cozy…
Finance

4 Day Work Week UK: Can It Realistically Work?

Where Did The 5-Day Workweek Come From? In the UK, the 40-hour/5 day work week originated in labor movements during the Industrial Revolution. Back during the 1800s, workers regularly worked 12-16 hour shifts 6 days a week. The first-ever mention of an 8-hour workday came from Tom Mann, a member of the Social Democratic Foundation, who formed an organization called the “Eight Hour…
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Finance

The Fastest Growing Sectors/Industries in the UK (2021)

In the business world, things are always changing. Industries can pop up in a short amount of time and entire industries can be rendered more or less obsolete in equally short periods of time. That is why when looking for a job, it is important to choose industries that…
Finance

Is Automation Good or Bad for the UK’s Economy?

One concept that has been at the forefront of political thought nowadays is automation. Several more left-leaning UK politicians, such as Labor leader Jeremy Corbyn, have claimed that automation is a threat to workers as it may drive huge swathes of workers to unemployment…
Finance

How a Weak Pound Could Affect Your Investments (Post-Brexit)

A weaker pound could potentially mean good things for both foreign and domestic investments. However, a weaker pound can make buying foreign and domestic goods more expensive and be bad for those who rely on a fixed source of income (e.g. pensioners). Deal Or No Deal The value of the British pound sterling has been very volatile in recent months. According to BBC Business, the purchasing…
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Finance

Could a Universal Basic Income (UBI) Work In The UK?

The idea of a basic income in the UK is not exactly new. UK MPs have been discussing the possibility of a Universal Basic Income (UBI) for much of the 20th and 21st centuries. What Is Universal Basic Income (UBI)? The idea behind a UBI is to provide every citizen with…
Finance

How the Gig Economy Is Changing the UK Workforce

The rise of the gig economy in the past 10 years has dramatically changed the landscape of the workforce. Increased globalization and the accompanying technological changes have created a new class of workers that are distinguished as being highly mobile, flexible, and agile…
Finance

Representative Money: Advantages and Disadvantages

In economics, people normally distinguish between 3 different types of money: Fiat moneyCommodity moneyRepresentative money. Before exploring representative money in-depth, let’s first go through a few brief definitions of each to understand the distinction between them. Fiat Money: Defined Fiat money is money that is backed by the government which has little to no intrinsic…
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