Season’s Greetings from Phillip Bates & Co Financial Services

As we approach the end of 2022, we look back on what has undoubtedly been a turbulent year economically around the world. For those of us in the UK, it has also been one of the more extraordinary years politically with three different Prime Ministers.

There are, however, some tentative signs that inflation may have peaked with figures last week showing an easing to 10.7% and we can only hope that this downward trend continues as we move into 2023.

Global stocks also rose following similar news out of the United States with annual consumer price growth slowing to 7.1%, compared to 7.7% the previous month.

These are positive signs after what has been a difficult year for many, something that is reflected in the economy and investment values.

But while we hope to see continuing downward pressure on inflation, it is unlikely there will be a sudden bounce back in fund values.

However, while there will likely be further volatility, if inflation figures continue to fall, the levels of volatility should reduce with the resulting uplift in values.

As we are always reminding our clients, your portfolios are about the long-term, about ensuring that you can make the financial choices you want to for you and your loved ones.

We look forward to continuing to provide all our clients with the best possible advice and support in 2023.

In the meantime, on behalf of all the team at Phillip Bates & Co Financial Services, I would like to wish you and your families a Happy Christmas and a Prosperous New Year.

Our office will be closed between 23^rd December and 3^rd January.