Labour’s new policy on inheritance tax means that more estates could pay inheritance tax (IHT) in future. Whilst there are plenty of legitimate ways to reduce an IHT liability, there’s one which we often forget despite it being very simple. That’s giving money to your loved ones. Although gifting is simple, and might be something […]
With Christmas looming and President Elect, Donald Trump, promising the introduction of greater trade tariffs, the toy manufacturing industry is in a rush to move away from Chinese factories. Whilst news of greater tariffs under Trump has created more urgency, this isn’t a new problem. Toy giants such as Mattel and Hasbro have been trying […]
Overall Market Backdrop, November: Trump wins the 2024 U.S presidential election Ukraine strikes Russia with U.S made long-range missiles UK inflation rises while interest rates are reduced to 4.75% Click here to read more
Introduction Labour’s first budget for 14 years dominated the headlines, but with a US election in early November and constant attention paid to inflation figures, corporate results and interest cuts around the world, there was plenty of other financial news throughout October. UK £40bn of additional tax revenue was announced by the new Chancellor, Rachel […]
With no clear indication of who the winner will be ahead of the 5th November, the convincing nature of Trump’s win came as more of a surprise than the victory itself. Markets may have been pricing in a Trump win for some time, as he was polling well ahead of Biden earlier in the year. […]
The Laffer Curve is a concept accredited to economist Dr. Arthur Laffer. Laffer admitted that whilst he gave it a name, it’s been around as an idea in one form or another since the 14th century, when Muslim philosopher Ibn Khaldun wrote about it. It was also referenced in John Maynard Keynes work. In simple terms, […]
Overall Market Backdrop, October: Labour government presents inaugural Budget, announcing £100bn additional capital spending and £40bn tax increases Final campaigning takes place ahead of US Presidential election on 5th November European Central Bank announces 0.25% rate cut, taking deposit facility rate to 3.25%. Click here to read more
Pensioners will be handed an extra 4.1% per annum via the state pension in April 2025, thanks to the ‘triple lock’. The triple lock is a government policy which means that the state pension increases every April in line with whichever is the highest of: CPI (Consumer Prices Index) in September the year before; the […]
Introduction The Fed cut interest rates in September which, despite the Bank of England holding at 5%, is now expected to be the direction of travel for much of the developed world as it returns to some form of financial normality into 2025. China’s financial stimulus was another big story in September, as it was […]
The energy price cap rises by 10% from 1st October. Many people have been submitting meter readings and some are switching to fixed tariffs ahead of the change. Why Submit A Reading Now? Whilst you will be charged at the new price whether you submit your reading now or later, many energy bills are based […]