The fact that chatter about a wealth tax is increasing to the point where it could become reality in the UK should not be a surprise. But it would be a very odd thing for a Conservative government to be the one to actually implement it.
As executive compensation continues to increase, more evidence emerges of the link between compensation and risky behaviour that could, in the most extreme cases, lead to the collapse of the firm and why not, the global economy.
And yet some CEOs’ bonuses are being subsidised by public money, especially in the UK where the taxpayer generously tops up salaries that are too low for employees to be able to live on.
There’s no easy way to put this: the central banks are like the naked emperor in the well-known story. And the only solution that could save us from the next recession is so politically sensitive that it will not be put into practice.
Indian markets and economy had an interesting fiscal year FY2015 (Apr 2014-Mar 2015). While early signs of recovery are visible — a reversal from the previous turbulent years — a lot is still needed for the promised “achhey din” (good days) to truly arrive.
Inflation will almost certainly go up, despite fears expressed by some policymakers and analysts that the world’s major economies are headed for deflation, research by insurance and pensions provider Legal & General shows.
An advance in annual gross domestic product of around 3% in recent years does not reflect the true potential of Pakistan, a country of 180 million. While recent positives highlighted in the second review of the IMF during its assistance programme for the country suggest the economy is taking constructive shape, a lot is still needed to sustain and enhance that momentum.