You can download this update here Interest rate peak may be approaching Last month the Bank of England (BoE) announced another hike in its benchmark interest rate but hinted that rates may now be nearing a peak, as the tide in its battle with inflation begins to turn. Following its latest meeting held at the … Continued
You can download this update here UK growth beats expectations The latest gross domestic product (GDP) statistics show the economy unexpectedly grew in November easing fears that the UK has already slipped into recession. Data released by the Office for National Statistics (ONS) revealed that the UK economy expanded by 0.1% in November. This figure … Continued
You can download this update here Investment focus for the new year By any comparison, the past 12 months have been tough for investors with a series of shocks impacting markets and, as 2023 dawns, uncertainties remain. One constant on the investment horizon, though, is the requirement to be strategic with your portfolio. A sound … Continued
You can download this update here Bank Rate raised again In mid-December, the Bank of England (BoE) announced another hike in its benchmark interest rate and warned that further increases are likely in order to sustainably return inflation to target level. Following its latest meeting which concluded on 14 December, the BoE’s nine-member Monetary Policy … Continued
You can download this update here OBR forecasts long but shallow recession Updated projections from the Office for Budget Responsibility (OBR) suggest the UK is facing a long but relatively shallow recession which will see households hit by a record drop in living standards. Chancellor Jeremy Hunt unveiled the independent fiscal watchdog’s latest forecasts during … Continued
You can download this update here “We will face into the storm” On 17 November, Chancellor of the Exchequer Jeremy Hunt delivered his fiscal plan to “tackle the cost-of-living crisis and rebuild our economy” stating that the government’s three priorities are “stability, growth and public services.” The Chancellor struck a defiant tone during the key … Continued
You can read a pdf version of this update here Chancellor’s fiscal statement delayed The government has pushed back the date of its much-anticipated Medium-Term Fiscal Plan in order to ensure it is based on the “most accurate” economic forecasts available. Chancellor Jeremy Hunt had been due to deliver his first fiscal statement detailing how … Continued
Welcome to our quarterly newsletter Your Window on Wealth. If you would like to discuss any of the items in this edition, please call us for an appointment on 01332 913006. If you would prefer to download this, you can do so here The growing need for intergenerational planning With the next 30 years set … Continued
You can read a pdf version of this update here A day after Bank Rate rose from 1.75% to 2.25%, Chancellor Kwasi Kwarteng delivered his first statement on 23 September, outlining a series of tax cuts and measures aimed at boosting economic activity and growth. Moving straight to the pressing matter of energy costs, Mr … Continued