Economic Review December 2020

Brexit trade talks Following a gruelling nine-month negotiation process, the UK and EU finally agreed and signed a post-Brexit trade deal just a day before the transition period ended. Although the UK officially left the EU on 31 January 2020, trade had continued on the same basis during the 11-month transition period. The two entities … Continue reading “Economic Review December 2020”

Economic Review November 2020

Spending Review Chancellor Rishi Sunak has announced government spending plans for the coming 12 months as part of his Spending Review, delivered to the House of Commons on 25 November. During his statement, Mr Sunak said the government had already spent £280bn supporting the economy through the pandemic and pledged a further £55bn over the … Continue reading “Economic Review November 2020”

Economic Review October 2020

UK recovery slows The latest gross domestic product (GDP) statistics show that, while the UK recovery did continue in August, the pace of growth has slowed and output still remains significantly below pre-coronavirus levels. Data published by the Office for National Statistics (ONS) revealed the UK economy grew by 2.1% in August. A significant proportion … Continue reading “Economic Review October 2020”

Managing your money in Brexit Britain

Well, we’re out. Except, not quite. Though the UK’s official departure from the EU was marked at 11pm local time on 31 January, very little has in fact changed yet. Over the next 11 months the UK will continue to follow EU rules and regulations (though it will no longer have a say in them), … Continue reading “Managing your money in Brexit Britain”

Woodford funds to wind down – what it means for investors

The UK’s most celebrated fund manager, Neil Woodford, has been sacked following a string of poor decisions. His fund’s failure leaves investors and pension fund members with potentially heavy losses – and many questions. The investment funds managed by Neil Woodford are to be wound up, some five months after their trading was suspended. The … Continue reading “Woodford funds to wind down – what it means for investors”

Investors take steps to protect against a downturn

Fears of a global downturn and other pressures such as Brexit are prompting UK investors to take a defensive stance. Higher-growth equities are being ditched in favour of more stable bonds and gold, which are seeing extraordinary demand. The US-China ‘trade war’, economic slowdown in Germany and worries about a no-deal Brexit have given the … Continue reading “Investors take steps to protect against a downturn”

Brexit delay spurs the housing market

The slowdown in the housing market caused by Brexit uncertainty is showing signs of shifting, thanks to the postponement of the UK’s leaving date. Asking prices are bouncing back as more homeowners decide they can wait no longer. After more than six months of falling buyer enquiries, the slowest house price growth for six years … Continue reading “Brexit delay spurs the housing market”

July’s inflation statistics: another gloomy sign about the UK’s prospects?

What conclusions can be drawn from the most recent inflation statistics? Is it a sign of the UK’s ongoing weakness, alongside slower wage growth, and therefore another reason to avoid UK assets? Or should investors be encouraged by lower inflation? After all, it continues to lag wage growth, and at some points consumers must surely … Continue reading “July’s inflation statistics: another gloomy sign about the UK’s prospects?”

Philip Hammond is in an unenviable position as he delivers his latest Budget

Philip Hammond is in an unenviable position as he delivers his second Budget as Chancellor on 22 November. He needs to pull a rabbit out of a hat, but it’s proving very difficult to catch.  The UK’s finances are far from restored to health, and yet the population has no appetite for further austerity. He … Continue reading “Philip Hammond is in an unenviable position as he delivers his latest Budget”

Are you ready for the savings crunch?

Years ago we had the credit crunch – will the savings crunch be next? A double-whammy of low interest rates coupled with inflation could cause your ‘safe’ cash savings to erode.  Maybe it’s time to look at some alternative strategies. You know the traditional hierarchy of investments? (Actually, no. I have a life. Ed.)  Well, … Continue reading “Are you ready for the savings crunch?”