Recent stories in the press have raised concerns about pension planning or, rather, the lack of it. The Institute for Fiscal Studies has launched a wide-ranging review of the pension system, looking at whether people are saving enough and if more support is needed for people to use their funds appropriately. The Pensions Review is […]
The decision by Chancellor Jeremy Hunt to abolish the lifetime allowance on pension pots is an important one. Within a few minutes of the Chancellor sitting down after his Budget speech, we received several enquiries from clients wanting to know the implications of the announcement. The lifetime allowance limit was first introduced by Chancellor Gordon […]
We hope your 2023 has got off to a good start. The early data suggests that the economic situation continues to look brighter than it did for much of last year. The UK inflation rate eased in December from 10.7% to 10.5% with lower prices for petrol and clothing pushing down the headline rate. While […]
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 […]
Like all smart politicians, Chancellor Jeremy Hunt talked up the need for Britons to “face into the storm” ahead of presenting his Autumn Statement. But while some sections of society will have to play their part by paying more in taxes, the statement was nowhere near as painful as some commentators had been forecasting it […]
The financial markets may be complex in many ways, but in other ways they are very simple. After a turbulent few weeks, the appointment of a new Chancellor in Jeremy Hunt and the subsequent instalment of a new Prime Minister in Rishi Sunak has given the markets the one thing they crave more than anything […]
The Government may not have called Friday’s ‘fiscal event’ a Budget, but it certainly packed more of a punch than many Budgets put together. In just over 25 minutes on his feet, new Chancellor Kwasi Kwarteng took the biggest economic and political gamble in 50 years – the last time there was a tax cutting […]
In any other week, the Government’s much trailed announcement on energy prices would have dominated the news headlines. However, for entirely understandable reasons, Prime Minister Liz Truss’s package of measures – which could cost up to £150billion – almost slipped under the radar. A typical household energy bill will be capped at £2,500 annually until […]
The sooner the Conservative leadership race is concluded, the better. In the current economic climate, the last thing the UK needs is a caretaker Prime Minister managing the shop, and with no authority to take decisions on the pressing issues of the day, most notably the continuing cost of living and energy crisis. We now […]
Last week was Mental Health Awareness Week and one of our clients, Lee Mooney, has recently taken on a Trustee role at a local mental health charity. One in four people will experience a mental health problem in the UK every year. We all deserve support when in need, but we know how difficult it […]
