Today the IPPR has released a report on poverty in the UK. As always care is needed as the answer mostly depends on how you define poverty starting with whether you chose an absolute definition or a relative one. With the latter poverty is always likely to be with us no matter how well off we become. But their report covers a couple of the themes of my work beginning with the issue of housing costs.
This is caused by the growth of people living
in the private rented sector and the increasing cost of rents: housing costs for private tenants have risen by almost half (48 per cent) in real terms over 25 years.
Lassie Rockets to £7,600 World Record Price Sheep Dog Pup
Four five-figure sales to a top of £13,800 for fully broken dogs, plus a new world record price of £7,600 for an unbroken puppy just turned nine-weeks-old, were recorded at Skipton Auction Mart’s latest two-day timed online working sheep dog sale this week. (Tues & Wed, May 18 & 19)
Setting the world record price for a pup achieved an official sale was Welshman Glynne Jones, of Pentir, near Bangor in Gwynedd, with his March 12-born Pentir Lassie, an unusually lilac coloured bitch, which smashed the previous record of £6,100 established at Skipton’s previous online sale in January for an 11-week- old black and white bitch, Bet, from another well-known Welshman David Evans, who also clinched £13,800 top call at the latest renewal.
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Yesterday brought falls and then no little panic to the world of Bitcoin and the other cryptocurrencies. This is how the London Financial Times reported events.
Cryptocurrency markets swung in chaotic trading and related stocks were hit after Chinese regulators signalled a crackdown on the use of digital coins, which have soared in price this year. Bitcoin tumbled as much as 30 per cent to a low of $30,101, before clawing back its losses to less than 8 per cent.
The selling was quite a panic as human emotion took over and I noted people tweeting that it had hit US $32k almost immediately after they had tweeted it had hit US $33k. Those sort of falls are described variously as catching a falling knife or piano as buyers find that purchases immediately go sharply offside. There is an element of time here because there is invariably a bounce if you can hold you position long enough. It is usually triggered by what is called a “capitulation” with someone getting out at any price an