UK Debt Rises
|2 Trillion first ever In August 2020|
Debt and Credit Solutions:
Borrowing from Home Pensions and From Countries abroad has left the UK Government with a heavy burden, Supporting the country during Cov-19 with heavy unexpected costs, seems protecting its citizens brings the debt to an all-time.
Though Much progress with Homeworking and companies initiating Remote Business Measures, UK looks to hit a difficult repayment wall Period over the next 12 months and perhaps longer.
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UK GDP Debt
|Gross at 100% post-1960-61|
ONS claims UK sees the Highest recorded GDP domestic gross at 100% post-1960-61 financial year. Chief economist Samuel Tombs at [PM], views that the UK’s borrowing set to remained on its present course in 2020 to reach its highest share of GDP since WW2?
The Chancellor’s 2020 Autumn Budget
|Estimated 17% of GDP|
With the Budget Just around the corner, a over-cautious Chancellor will be reviewing his figures to balance off the books and take necessary measures to return the country’s financial status to a norm as quickly as he humanly can, This Financial year Borrowings would seem to be ready to reach 17% of GDP
|8.7% and July 6.6%.|
For the 4th consecutive month, restaurants have seen a marked boost in revenue and clientele, brought about by the Coronavirus outbreak and the government’s OK on opening for the public.
Recorded Growth for June at 8.7% and July 6.6%.
Though this is good news, it has made little dent on the Country’s, Debt reduction, The Economy fought to recover in August by a 2.1% and it would seem the scheme of eating out was a success to businesses
UK jobless figures reveal 4.5% between June and July highest in 3 years
|Recovery after Covid-19?|
Finance jobs worth pursuing in 2020 -2021.
- Insurance Claims Adjusters
- Tax Associate.
- Financial Analyst.
- Credit Analyst.
- Data Analyst.
- Budget Analyst.
Entrepreneurs Working Online
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While China’s SZ
|Cashless(DCEP) Digital Society|
China’s new Digital Currency Electronic Payment (DCEP).
Government Piloted using a lottery system in Shenzhen south of china actioned to gauge the effectiveness of its a system. China’s BOC’s 10 million yuan in digital currency gift to 50k applicants in its National lottery.
Those taking part from a two million line up, only 50k successful applicants were lucky to have received digital WeChat-or Alipay “red packets” valued at 200 yuan each and were happy as it was just in time for the Mid Autumn Holidays, these Red packets [cash redeemed vouchers] are exchangeable as direct payment methods for purchasing or spending in the city’s stores and restaurants
This advanced technology will be the direction China is taking With its digital DECP technology, away from paper and traditional coins.
Westerners Working From Home
The New and Growing ”Home Work” sharing resources with a team perhaps group, brings other new intelligence and surveillance to your privacy, you may not be aware, but UK companies are seeing a huge surge in monitoring requirements from company and bosses,
Bosses and companies regard this new arena of work from home as will lead to shirkers and lazybones who abuse the system and confidence they are given, hence introducing new sneak technology, to capture your work ethics and activities from your screen is on the up!
Software companies are developing better methods of implanting monitoring to already established business software, perhaps an ‘add on” but you can be sure this is just the tip of the bigger iceberg.
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