A study of non-mortgage debts by comparison website money.co.uk has revealed that the average amount of personal debt in Plymouth went up from £3,150 in 2020 to £4,137 in 2021 – a rise of 31% – but that pales in comparison to the average across the UK as a whole, which has soared by more than double from £9,246 to a whopping £25,879 per person.
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Liverpool hoping for intervention from Reds legend
LIVERPOOL manager Jurgen Klopp is not allowing himself to even contemplate the dream scenario of a dramatic end to the title race where former captain Steven Gerrard does his old club a favour at Manchester City.
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Private equity managers won the financial crisis. A decade since the world economy almost came apart, big banks are more heavily regulated and scrutinized. Hedge funds, which live on the volatility central banks have worked so hard to quash, have mostly lost their flair. But the firms once known as leveraged buyout shops are thriving. Almost everything that’s happened since 2008 has tilted in their favor. Low interest rates to finance deals? Check. A friendly political climate? Check. A long line of clients? Check. The PE industry, which runs funds that can invest outside public markets, has trillions of dollars in assets under management. In a world where bonds are paying next to nothing—and some have negative yields—many big investors are desperate for the higher returns PE managers seem to be able to squeeze from the markets. The business has made billionaires out of many of its founders. Funds have snapped up businesses from pet stores to doctors’ practices to newspapers. PE firms may also be deep into real estate, loans to businesses, and startup investments—but the heart of their craft is using debt to acquire companies and sell them later. In the best cases, PE managers can nurture failing or underperforming companies and set them up for faster growth, creating outsize returns for investors that include pension funds and universities. But having once operated on the comfortable margins of Wall Street, private equity is now facing tougher questions from politicians, regulators, and activists. One of PE’s superpowers is that it’s hard for outsiders to see and understand the industry, so we set out to shed light on some of the ways it’s changing finance and the economy itself.