Worldwide Financial Planning

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.

A little trip to www.nationaldebtclock.co.uk is pretty illuminating as your watch the UL's debt (currently £1.87 trillion) rise as £5,170 per second and interest per year at over £45 billion.

Translated into dollars and piling them on top of each other, they would take your nearly 164,000 miles - or 69% of the way to the moon in height.

A consequence of the government's new position is that much of the planned legislation has had to be abandoned and the focus will mostly be Brexit.

Looking at the different borrowers, homeowner borrowing was down 12% on last year (March to March), first time buyers up 12% on the year, and home movers down 33% year on year (by lending volume i.e. the amount of money loaned).

Interestingly remortgaging was up 24% year on year by volume.

Uber has raised $12bn in funding and is valued at $69bn despite having made substantial losses throughout its existence.

It is one of a number of tech-based companies which have been hugely popular with private capital searching for the next big thing in a period of sluggish GDP growth.