Well – there’s been no shortage of news over the past few weeks, has there? Much of it has been about the EU Referendum, of course – both the run-up and the aftermath! And inevitably much of the Referendum coverage focused on the economic consequences of staying in or coming out. Since we all voted we’ve seen the pound fall against the dollar and the euro. People are worried about the effect on their pensions, or on the value of their houses. And nobody really knows what the economic future holds. Will there be a recession?
Of course, it’s only natural that we are concerned about our financial security and about what the future might hold for us – whether as individuals or as a country. There’s only so much economic news and economic forecast one can take. But with the news that the Bank of England is set this week to lower interest rates to their lowest ever since the Bank was founded, there’s more to come. Continue reading