Anthony

The Government will collect £331bn in income tax this year, and spend £333bn on welfare. In other words, we now spend more on people not working than we raise from those who do. And the cost? Debt per person has risen from £11.5k in 2000 (inflation adjusted) to over £41k today.

Client was a VP at a large company. 62 years old. Was going to work until 65. January: called into HR. Severance package. Sign by Friday. He called me that afternoon. "I think I just got retired." No transition. No goodbye lunch. No plan. His whole identity was that job. His social life was those people. His purpose showed up every morning at 7:45am. The money was fine. We figured out the money in two meetings. The identity took a few years. He told me recently: "The hardest part wasn't losing the job. It was realizing I'd built my whole life inside someone else's building." Retirement that happens to you hits completely differently than retirement you choose. Millions of people in their 60s are navigating this right now and nobody is talking about it.

The International Energy Agency is this morning suggesting people should work from home, avoid air travel and drive at lower speeds to help tackle impending oil shortages The International Energy Agency (IEA) has issued a list of “demand side measures” that governments, businesses and households could take to alleviate the impact of soaring oil prices and disruption to supplies It has also recommended that ministers could reduce road speed limits, reduce car access to designated zones in large cities and give vehicles with odd-numbered plates access on different weekdays to those with even-numbered plates. Fatih Birol, the IEA executive director, said: “The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market. In the absence of a swift resolution, the impacts on energy markets and economies are set to become more and more severe.” The report also recommended that travellers “avoid air travel where alternative options exist” and switch from private cars to public transport