The Chancellor’s Spring Statement did not make for easy listening last week. Rishi Sunak’s announcements on the raising of the National Insurance threshold by £3,000 and the 5p a litre cut in fuel duty were welcome. Likewise, the promise that he would reduce the basic rate of income tax from 20p to 19p in 2024 […]
This month will see Jan Jones, one of our colleagues at Phillip Bates & Co, raising money for children’s hospice Claire House, by trekking in the Himalayas. Jan, part of our accountancy team, will be travelling to Nepal to trek to Everest Base Camp, a trek of over 80 miles at high altitude and temperatures […]
Waking up to reports this morning of an assault on Ukraine, one’s first thoughts are with potential loss of life and liberty and, sadly, how this may affect the rest of the world. There was an absolute inevitability that markets would fall sharply first thing. This is the result of uncertainty, more sellers than buyers, […]
You may have seen some headlines recently about the Trust Registration Service (TRS), which was established by HMRC in 2017. The TRS is a register of the beneficial ownership of trusts and new rules introduced on October 6, 2020, extended the scope of the trust register. Trustee clients need to be aware of their obligation […]
It seems that every way we look at the moment, uncertainty reigns. At home, we have the uncertainty caused by rising energy costs, the latest rise in interest rates (now 0.5% following last week’s Bank of England decision) and the corresponding concerns over people’s cost of living. Then, there is the continuing saga surrounding Prime […]
Looking back at my end of year message to clients a year ago, we were still to face the most testing period of the pandemic and the UK was just days away from leaving the European Union. Despite these substantial challenges, 2021 has been a year when the markets have shown remarkable resilience and investments […]
Chancellor Rishi Sunak is pinning his hopes on a supercharged boost to productivity to ensure future economic growth. The Budget unveiled by Mr Sunak had more of the hallmarks of former Labour Chancellor Gordon Brown than one you would typically associate with a Conservative government. Rather than austerity, Mr Sunak announced an extra £150billion of […]
We are delighted to share the news with clients that our client administrator Emma Bowen is getting married to Pete Chegwin on Sunday, October 3rd at Thornton Manor in Wirral. The couple have had to change their plans twice in the last couple of years due to the pandemic, so we are thrilled that their […]
The other major announcement concerned the so-called ‘Triple Lock’. This ensures that the state pension is supposed to increase every year in line with whichever of inflation, the average wage increase or 2.5% is the highest. The Conservative manifesto at the 2019 election said that the Triple Lock would remain in place for the duration […]
The Government has made a series of important announcements this month as it seeks to address the two biggest issues in its in-tray – the need to start paying down the debt incurred as a result of the pandemic and, secondly, the social care crisis. The requirement to tackle how social care is funded has […]
