These are the slides from a presentation to the Personal Finance Society’s
The slides highlight how three words sum up where we are – lower for longer. This is in terms of interest rates, but also savings rates, the value of the pound, confidence, and economic growth.
Meanwhile things like inflation and government debt will be higher for longer. And we must question whether Northern Ireland taxes can remain low for longer.
But whilst there are many similarities between now and 1975 – not least the EU Referendum – today is definitely not as bad as the mid-1970s. Not least because interest rates then were about 15%!