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 […]
Latest News from Radcliffe Cooper
This section is regularly updated to bring you news of important developments in financial planning matters.
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 […]
Click to view the detailed analysis of the recent Autumn Budget
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 […]
The Government has released data showing that a huge £1.4bn is currently sat unclaimed and unused in Child Trust Funds (CTFs). CTFs were made available to all children in Britain born between 1 September 2002 and 2 January 2011. Parents were issued a voucher for £250 or £500 to be paid into the CTF at […]
Competition for jobs in the UK has reached its highest level in three years, with more than two jobseekers per vacancy, according to new research from jobs site Adzuna. The report reveals a 0.5% drop in advertised vacancies, with 857,000 roles available in August, down from July. This indicates a potential stagnation in the UK […]