Worldwide Financial Planning

It's quite disturbing to find out that 8.5 million breadwinners in the UK have no life insurance at all. The Association of British Insurers calculates that households are £263 billion underinsured potentially leaving dependents to deal with extraordinary hardship on top of the pain and despair of losing someone they love. That's a big gap.

Central bankers are splitting into two camps, the inflation is real and it's time to start hiking side vs. the inflation is temporary and the economy still needs to be on low rate life support side.

The latest figures put the latter in the ascendency.

As F Scott Fitzgerald stated "The test of first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time and still retain the ability to function."

While its likely that article 50 is irreversible; to achieve the hard Brexit that seemed inevitable only a few months ago, a lot of things need to happen.

A weak and unpopular prime minister needs to keep together a fragile government, public support needs to be maintained in the face or worsening economic conditions and mounting costs, and serious technical challenges of regulation and infrastructure, many of which are not yet fully understood, need to be solved.

With our leaky splashing buckets (spending and poor tax planning) we make our way through the week filling our (baths) bank accounts with cash trying to get to the point where we can soak and relax.

This week all the focus has been on the G20 summit that is taking place in Germany.