{"componentChunkName":"component---src-templates-post-js","path":"/bank-caused-baby-boom/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5e01f56aa519b30038b167cb","title":"Bank caused baby boom","slug":"bank-caused-baby-boom","featured":false,"feature_image":"https://images.unsplash.com/photo-1571942727532-a67a4bf9845a?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Do you have a kid that turned 10 this year? If so, you may remember that heady time when (according to the Bank of England) everyone rushed to have children because of...low interest rates.","custom_excerpt":"Do you have a kid that turned 10 this year? If so, you may remember that heady time when (according to the Bank of England) everyone rushed to have children because of...low interest rates.","created_at_pretty":"24 December, 2019","published_at_pretty":"24 December, 2019","updated_at_pretty":"24 December, 2019","created_at":"2019-12-24T11:24:26.000+00:00","published_at":"2019-12-24T11:28:50.000+00:00","updated_at":"2019-12-24T11:28:50.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Tuesday 24th December 2019\n\nGet straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nLow interest, high libido\nDo you have a kid that turned 10 this year? If so, you may remember that heady\ntime when (according to the Bank of England) everyone rushed to have children\nbecause of...low interest rates. New research shows that when the Bank slashed\nthe base rate in the aftermath of the financial crash, it made life a lot more\naffordable for thousands of families with variable rate mortgages. It estimates \n14,500 extra babies were born in 2009\n[https://www.theguardian.com/business/2019/dec/23/bust-to-boom-how-uk-central-bank-boosted-births-after-2008-crisis] \nas a result. OK boomer.\n\n\nTik Tok owner eyes London\nByte Dance, the parent company of the popular video app, is looking for a home\nfor its new global HQ, and London is in the running\n[https://www.thetimes.co.uk/edition/business/tik-tok-s-chinese-owner-byte-dance-considers-london-move-in-response-to-us-scrutiny-0wxbgphmj] \n(paywall article) alongside Dublin and Singapore. The news comes amid concerns\nexpressed by US politicians that Tik Tok has censored content that criticised\nBeijing. The app, which is popular among young people who post viral videos, has\nhad 1.5 billion downloads worldwide.\n\n\nWhy no female governor \nAndrew Bailey was recently appointed as the new governor of the Bank of England.\nHis only flaw (for some)? The fact that he is a white man. In its 320-year\nhistory, the institution has never picked a woman as its leader\n[https://www.bbc.co.uk/news/business-50872107]. Bev Shah, the founder of Hive, a\ndiversity promoter, explains this is because the “entire structure” of the Bank\nis “not very diverse”, hampering the possibility that a non-white man from its\nranks could one day become governor.\n\n\nTis’ the season to...work\nWhile many of us are opening presents and tucking into turkey on Christmas Day,\nwell over a million people in the UK will be working\n[https://www.mirror.co.uk/money/million-brits-set-spend-christmas-21153791],\naccording to the Trade Union Congress (TUC). Their figures show 1,104,000\nworkers in industries such as nursing, hospitality, and social care will keep\nBritain ticking over during the holidays. In response, the TUC Chairman Francis\nO’Grady has said: “We owe a huge debt to all those working on Christmas Day”.\n\n\nMerry Christmas from the Minute! \nWe’re off to eat, drink, and bend our families’ ears about the money news. The\nMultiply Minute will be back in your inbox on Friday 27th.","html":"

Tuesday 24th December 2019

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

Low interest, high libido

Do you have a kid that turned 10 this year? If so, you may remember that heady time when (according to the Bank of England) everyone rushed to have children because of...low interest rates. New research shows that when the Bank slashed the base rate in the aftermath of the financial crash, it made life a lot more affordable for thousands of families with variable rate mortgages. It estimates 14,500 extra babies were born in 2009 as a result. OK boomer.

Tik Tok owner eyes London

Byte Dance, the parent company of the popular video app, is looking for a home for its new global HQ, and London is in the running (paywall article) alongside Dublin and Singapore. The news comes amid concerns expressed by US politicians that Tik Tok has censored content that criticised Beijing. The app, which is popular among young people who post viral videos, has had 1.5 billion downloads worldwide.

Why no female governor

Andrew Bailey was recently appointed as the new governor of the Bank of England. His only flaw (for some)? The fact that he is a white man. In its 320-year history, the institution has never picked a woman as its leader. Bev Shah, the founder of Hive, a diversity promoter, explains this is because the “entire structure” of the Bank is “not very diverse”, hampering the possibility that a non-white man from its ranks could one day become governor.

Tis’ the season to...work

While many of us are opening presents and tucking into turkey on Christmas Day, well over a million people in the UK will be working, according to the Trade Union Congress (TUC). Their figures show 1,104,000 workers in industries such as nursing, hospitality, and social care will keep Britain ticking over during the holidays. In response, the TUC Chairman Francis O’Grady has said: “We owe a huge debt to all those working on Christmas Day”.

Merry Christmas from the Minute!

We’re off to eat, drink, and bend our families’ ears about the money news. The Multiply Minute will be back in your inbox on Friday 27th.

","url":"https://multiply.ghost.io/bank-caused-baby-boom/","uuid":"6a813c0e-3ba6-4755-98f4-8b6850e81bfc","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e01f56aa519b30038b167cb"}},"pageContext":{"slug":"bank-caused-baby-boom"}},"staticQueryHashes":["176528973","2358152166","2561578252","2731221146","4145280475"]}