The Fiscal Compass
The Fiscal Compass breaks down complex financial news, global market trends, and economic policies into clear, concise insights that matter to you.
- Indexed issues, last 90 days
- 13
- Latest publication
- Sep 29, 2026
- Audience
- Checking…
- Earliest in this view
- Jul 7, 2026
Latest issues
Why the Government Cannot Please You (opens the original)
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Every autumn brings the same ritual. A Chancellor stands at the despatch box, numbers are read aloud, and within hours commentators are picking apart who gained and who lost. This year it is Chancellor John Healey’s turn, delivering the first full Budget of Andy Burnham’s government on 28 October. Behind the headlines sits a much simpler and more uncomfortable truth: the government cannot spend what it does not have, and every choice it makes about where the money goes is really a choice about w
Are Pensions Becoming Too Expensive to Protect? (opens the original)
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Next April, the full new State Pension is expected to rise from £241.30 to £250.70 a week. For someone receiving the full amount, that is an increase of around £489 over a year. The rise is likely to be determined by average earnings growth of 3.9%, under the triple lock, which guarantees that the State Pension rises each year by whichever is highest of inflation, average earnings growth or 2.5%.For an individual pensioner, £489 is a relatively straightforward increase in income. For the governm
The AI Race: How Much Risk Is Too Much? (opens the original)
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On 9 September, a little-known AI researcher posted a resignation letter on X and inadvertently forced hundreds of millions of people to confront a question they had mostly avoided. Could artificial intelligence actually pose a threat to human safety, and if the experts building the technology cannot agree on the answer, how are markets supposed to respond in the meantime?What happened, and why it travelledJacob Coxon spent time at both OpenAI and Anthropic before resigning from the latter this
Why Is Energy So Expensive in Britain? (opens the original)
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From 1 October, the typical UK household’s annual energy bill rises by £60, taking it from £1,663 to £1,723. Ofgem has been direct about the cause. Higher wholesale gas prices, driven largely by volatility connected to the conflict in the Middle East, are pushing costs up again. It is the second confirmed rise this year, following a steep increase over the summer after tensions around Iran and disruption near the Strait of Hormuz unsettled global gas markets.Why does a shock happening thousands
Is Everything Becoming an Asset? (opens the original)
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A first-edition Pokémon card sold for $16.49 million in February 2026. Not a rare painting, not a piece of property, but a piece of card stock featuring a cartoon, graded and authenticated like a diamond. In the same few months, the amount of money flowing through prediction markets, platforms where people bet on the outcome of real-world events rather than the performance of a company, roughly quintupled. Across an increasingly wide range of everyday objects and activities, from trainers to tra
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