You need to be a millionaire to move to Wales

We began searching for the farm of our dreams in Wales as we planned our escape from Surrey. The problem was, so did every other dreamer in London and the south-east of England. Since lockdown, the rush to perform ‘lifestyle change’ has sent the price of the valleys sky high. In fact, I would go so far as to say that Welsh farmers must be downsizing to townhouses in Chelsea. We were already quite down. It was sad to be served notice on the land we have been renting to keep our horses. We knew we had to buy our own land this time. We quickly ruled out staying here.

Why now is the perfect time to invest in art

The Bank of England has told commercial banks to prepare for the possibility of negative interest rates. This last hypothetical spanner in the toolbox of monetary stimulus — since rates are stuck close to zero anyway and quantitative easing through bond-buying programmes has diminishing effects — sounds weird and worrying but has already been in use in Europe for some time. Its intended effect is to push the commercial banks to lend more to business by penalising them for depositing cash with central banks. But what on earth does it mean for personal savers? The fact is that all monetary policy since 2008 has been designed to stimulate moribund economies