BBC’s misleading Tax Credit graphic

The BBC currently use this graphic in Tax Credit articles:

Tax Credit Impact Chart by BBC

The middle-earning couple are NOT better off due to changes in the Tax Credit system, it has no impact on them whatsoever, so the chart title is deliberately misleading.

The low earning single parent needs to do an extra 20 minutes of work per day to avoid being worse off financially (that’s merely an observation of the mathematics, not a suggestion or endorsement of the policy change).

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Give me some sugar

Can you see what is wrong with this graph?

sugar consumption per person uk

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A couple of stats

I went to a brunch briefing recently, titled ” The Future of Europe: An Investor’s Guide” where I was especially impressed with one of the panelists, Louise Cooper. A couple of her observations struck me:

  • The effective average retirement age in France is 59; in Japan it is 69
  • £100 invested into the FTSE 100 in 1984 would be £1,500 in 2014. However, if the money was only kept in the market on the up days, it would be worth £124tr now. So take with a pinch of salt claims of being able to time the market.