The new Gilded Age - but only for the few Anyone struggling to make ends meet, trying to survive from one payday to the next, will be amazed to discover the we are now at the “peak of the second Gilded Age”. These words are those of Josef Stadler, the Global Head of the Ultra High Net Worth division at UBS, commenting on a report on the way that the wealth of the rich has risen over the last period.
UK economy: running on empty Just when Theresa May and the Tories would have been hoping for some respite after a dismal conference period, the OBR (Office for Budget Responsibility) has sent a shockwave through British political and business circles. In its annual “Forecast Evaluation Report” (FER), published this month, the OBR downgraded the UK’s economic outlook, having revealed that both GDP and productivity growth had consistently fallen short of OBR predictions over the last two years.
Britain: The decline and fall of Theresa May Theresa May, having ridden high in the nine months following her coronation as Tory leader and prime minister back in 2016, has now met with a dastardly fall. Since the June general election result - which robbed her of her parliamentary majority - everything seems to have gone belly up.
