Acting as the “Bank of Mum and Dad” (BoMaD) has become a vital role for many parents and grandparents in the UK, helping children or grandchildren with major life milestones like buying a home, attending university, or starting a career. Recent research from estate agent Savills suggests that half of first-time buyers get help from […]
The UK is bracing for a record-breaking exit of 16,500 millionaires in 2025, the biggest millionaire outflow globally, according to Henley & Partners’ Wealth Migration Report. New tax rules are being blamed for the forecast exodus. The end of non-domiciled resident (“non-dom”) tax breaks, higher capital gains tax, and changes to inheritance tax on overseas […]
May Economic Background: Trump’s trade policies bring tariff tensions back into focus China responds with global outreach and trade realignment Bank of England cuts interest rates from 4.5% to 4.25% Click here to read more
Introduction It’s almost impossible to write any commentary on financial markets this year without mentioning Donald Trump. After the turmoil of April, and the dramatic tariff announcements which sent markets into a spin, May was relatively sedate in comparison. United States US equity markets bounced back in May. The S&P 500, the Nasdaq Composite and […]
Price rises have accelerated to 3.5% according to the Office for National Statistics (ONS) Consumer Price Index (CPI) measure of inflation for April 2025, released on 21 May 2025.
Savers are at risk of making mistakes if they act upon rumoured reforms to ISAs.
The Government has launched plans to make wide-ranging changes to how major pension funds are structured, with legal requirements to invest in UK assets.
April Economic Background: President Trump’s April 2nd “Liberation Day” signifies start of new global trade landscape U.S-China trade tensions escalated, causing increased volatility in financial markets Trade uncertainty weighted on business confidence, easing inflation but dampening growth forecasts Click here to read more
Introduction Geopolitics continues to dominate the financial news as markets continue to react to Trump’s unpredictable tariff war. In 2024 the US was not just the world biggest economy, it was firing on all cylinders, as Trump returned for a second turn. At the end of the first quarter of 2025 the question on many […]
HMRC is urging both workers and retirees to double-check their tax codes at the start of the tax year to avoid potential issues. In recent emails to taxpayers, HMRC outlined four key reasons why a tax code might be incorrect.These include: Changing jobs Pay adjustments Alterations to workplace benefits, such as changes to a company […]