UK Government borrowing costs have soared in the wake of its Autumn Budget, with some gilt yields reaching levels not seen since 1998. Yields on the 30-year UK Gilt have reached above 5.22% – higher than at any point since 1998, as the Government looks to sell fresh bonds in order to fund its spending …
Introduction A New Year gives us the chance to look forward. We can expect more change in 2025 for personal finances, with a new Labour budget laid out and a returning President in the US. 2024 was a year of speculation and political change across the world, with President Trump and the Labour Party the …
Introduction The US election provided another definitive moment in what has been a politically charged year. With many countries holding elections in 2024, analysts have been second guessing what markets will do for some time. Whether Trump is popular outside the US is debatable, but his election victory was convincing and markets have responded positively …
The headlines will focus on the government’s decision to charge inheritance tax on any unused pension funds or death benefits. This is only part of the story, and there are a number of changes in the budget which makes a review of potential inheritance tax liabilities more important than ever. These measures are forecast to …
The Laffer Curve is a concept accredited to economist Dr. Arthur Laffer. Laffer admitted that whilst he gave it a name, it’s been around as an idea in one form or another since the 14th century, when Muslim philosopher Ibn Khaldun wrote about it. It was also referenced in John Maynard Keynes work. In simple …
Introduction Labour’s first budget for 14 years dominated the headlines, but with a US election in early November and constant attention paid to inflation figures, corporate results and interest cuts around the world, there was plenty of other financial news throughout October. UK £40bn of additional tax revenue was announced by the new Chancellor, Rachel …
In an extensive address marking Labour’s return after nearly 15 years, Chancellor Rachel Reeves delivered the Autumn Statement on 30th October 2024. Below, we provide a summary of the key changes relevant to the financial planning sector. For a detailed breakdown of tax rates and allowances for 2025/26, visit www.gov.uk Taxation and Non-Domicile Regulations Starting …
Cuts to interest rates are a key financial news theme in 2024 and we don’t expect that to change in 2025. Many central banks across the world are looking to reduce interest rates as inflation figures slowly return to normal. It is often heralded as great news for mortgage borrowers, but what about investors? Financial …
Introduction The Fed cut interest rates in September which, despite the Bank of England holding at 5%, is now expected to be the direction of travel for much of the developed world as it returns to some form of financial normality into 2025. China’s financial stimulus was another big story in September, as it was …
Speaking in the Downing Street ‘rose garden’, made famous during the pandemic for lockdown parties and ‘that’ Dominic Cummings interview, Keir Starmer delivered a sobering speech on 27th August that sets the tone for the budget at the end of October. It’s “going to be painful” he said, asking the country to “accept short-term pain …
