Money Observer: What Piketty has in common with reality TV

‘Who says a reality television show can’t convey an important message?’ asked my friend Elly Steinberg, who is a documentary film-maker. She was referring to The Great British Benefits Handout on Channel 5, where three unemployed families who live on benefits were each given £26,000. Some of them managed to get a business off the ground, invest in education and become self-sufficient. The important message … Continue reading Money Observer: What Piketty has in common with reality TV

Money Observer: Why I invest in water and robotics

It has been a year and two months since I began investing. Shortly after I became a staff writer at Money Observer, I decided to put my money where my mouth is and invest in the stock market. At the time, we were coming up to the political surprise that was the EU referendum and the world was characterised by uncertainty – an ongoing theme … Continue reading Money Observer: Why I invest in water and robotics

Money Observer: Lessons from the monkey sanctuary

Last week I went on a holiday to Tel Aviv. Given how weak the pound is, my friend and I booked an EasyJet flight, rather than a flight with British Airways, which shows you movies, or El Al which serves surprisingly nice meals. The fact that my chair doesn’t recline and the tea isn’t free doesn’t bother me if the flight is good value. Neither … Continue reading Money Observer: Lessons from the monkey sanctuary

Money Observer: How about making trainers more sustainable

I have never heard a laugh as loud as the one let out by my local cobbler when I brought him my old trainers. ‘We don’t re-heel trainers, nobody does,’ he said when he stopped laughing. Given how mundane and popular trainers and sneakers are, it seems surprising there is no easy way to repair them. Clever start-ups have come up with a taxi service … Continue reading Money Observer: How about making trainers more sustainable

Money Observer: Here’s what Brexit is doing to our diet

As we know, inflation is upon us, and it’s on an upward trend. Once a month, the Office for National Statistics (ONS) determines the price of a basket – think of a shopping basket – of goods and services typically bought by UK households. This is used to calculate the consumer prices index measure of inflation. I wanted to peek inside that basket of goods … Continue reading Money Observer: Here’s what Brexit is doing to our diet

Money Observer: What the travel industry tells us about the state of globalisation

Many UK-listed companies reported profits this year, but certain businesses did not: notably travel and leisure sector firms such as Easyjet. After six consecutive years, Easyjet’s growth success story has stalled, because it has been unable to reduce its costs in the face of lower revenues. Brexit is part of the story of course. With the pound weakening, more Brits are opting for ‘staycations’. The … Continue reading Money Observer: What the travel industry tells us about the state of globalisation

Money Observer: On gold

In Greek mythology, King Midas famously craved the ability to turn everything he touched into gold. At first he was delighted to turn a twig into gold, but once he realised his family and even his food would turn into the metal too, he understood that gold should never be the first priority. Many financial experts recommend buying gold as a hedge against falls in … Continue reading Money Observer: On gold

Money Observer: Why our politicians should be able to price a potato

It’s often said that politicians are so detached they don’t even know the price of a pint of milk or a loaf of bread. In 1992, then-president of the United States George H W Bush was forced to admit he did not know how much a gallon of milk cost during a debate with Bill Clinton, whose rural background earned him the admiration of the … Continue reading Money Observer: Why our politicians should be able to price a potato

Money Observer: Boxed in by London’s rental market

When 22-year-old Joe Peduzzi came to view a room in east London at the end of 2015, he was in for a surprise. The double room in Bethnal Green costing £480 a month plus bills that he expected was in fact a mattress in a shed in a corner of the communal living room of a flat. One year on from what became known as … Continue reading Money Observer: Boxed in by London’s rental market

Money Observer: The sinister side of bank lending

The other week I went to see a play called Labyrinth at Hampstead Theatre in London. It’s impressive to see a play that manages to be engaging while explaining an issue as complex as the Latin American debt crisis. The protagonist, John, is a young graduate who joins a US commercial bank in the late 1970s. He quickly realises that he has to make a … Continue reading Money Observer: The sinister side of bank lending