Jeremy Grantham of GMO is known for his economic and stockmarket analyses.One of his key themes is that we are in an era of dwindling commodity reserves and rising prices over the long term.When it comes to oil, he says, this is still true. US fracking is a "red herring".
The fracking glut has merely "given us a global time out from the inevitable oil squeeze". The world has never spent more in developing new oil supplies as last year around $700bn. And we have never found less, replacing only 4.5 months' current production.
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
