May 9, 2023 - Parkworth

Money – In the news

Digital pound likely this decade The Treasury and the Bank of England have started consultations on a potential digital pound, or central bank digital currency (CBDC), that could be used by households and businesses instead of cash for everyday payments in-store and online. Chancellor Jeremy Hunt said, “We want to investigate what is possible first, […]

Wealth – In the news

Land driving surge in UK’s net worth Recent data from the Office for National Statistics (ONS)1 shows that the UK’s net worth rose by £1trn in 2021, to total £11.8trn, the largest annual increase on record (9.2%). This rise can be attributed to the increasing value of land, accounting for over 60% of net worth. […]

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