Personal Finance

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

October 10, 2019
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…
Read more
Personal Finance

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

October 9, 2019
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…
Personal Finance

How the Gig Economy Is Changing the UK Workforce

September 17, 2019
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…
Personal Finance

Representative Money: Advantages and Disadvantages

September 10, 2019
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…
Read more
Personal Finance

Commodity Backed Money vs Fiat Money

September 5, 2019
If you have spent any time around financial circles, odds are you have heard the two terms commodity money and fiat money. While both are types of money, commodity money and fiat money are differentiated based on what they represent and what grounds their…