Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Britain’s top credit rating is at risk because of Prime Minister David Cameron’s planned European Union referendum, according to Standard & Poor’s. In a statement on Friday, S&P lowered the outlook on the country’s AAA rating to “negative” from “stable.” That means there’s a one-in-three chance of a downgrade in the next two years. It…
Go into any house in England and you will be offered some tea. Barge in. Just walk in to a nana’s house. “Oh, sorry,” the nana will say. “Can I get you a cup of tea?” The nana will walk slowly to the kitchen. She will boil a fresh kettle of water and warm a…
Bank of England Governor Mark Carney has attacked eurozone austerity. Photograph: Andy Rain/EPA The Bank of England governor, Mark Carney, has launched a strong attack on austerity in the eurozone as he warned that he single-currency area was caught in a debt trap that could cost it a second lost decade. Speaking in Dublin, Carney…
The UK is becoming a nation of grafters. With living standards at their lowest in a decade and real-term wages falling 8 per cent since the financial crisis, more people are cramming extra work into evenings, weekends and even their lunch hours to supplement their main incomes. Officially, the average number of hours Britons work each week…