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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Britain’s Inequality Set to Rise as UK Crisis Takes Effect

March, 02 2017
watermark Economic news

Inequality and poverty rates in the UK are expected to get worse within a five year-period as the negative effects of welfare cuts starts manifesting and earning levels start slowing down. This particular analysis comes merely a week before Chancellor Philip Hammond’s scheduled spring budget announcement and is expected to increase government pressure with regards to economic easing as the dismal state of the sterling pound triggers an increase in fuel and food prices. UK’s inequality issue was recently discussed by UK politicians after the Brexit vote exposed a lot of UK citizens suffering the consequences of the said political vote. Real wage earnings in 2021 are expected to be a lot lower than 2008’s all-time low, the longest period of wage stagnation within the country for over 70 years.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.