With election fever running at its peak, the Labour party’s new proposal to give us all four extra bank holidays might seem like a popular move, but there will be financial gains and losses for many of us. Small business owners stand to lose money, with the the Centre for Economics and Business Research (CEBR) … Continued
It’s a ‘Here we go again’ sort of day today as we all assimilate the news that Donald Trump is now president of the United States. Just like with Brexit, our message to all our clients is not to panic. Stop watching the news, don’t read the headlines and ignore the noise. This is not … Continued
Let’s face it, if you drive past a Waitrose it’s quite likely that you’re passing through a fairly well-to-do middle class area. Whilst other food retailers don’t have quite the same status-affirming presence, a Waitrose gives off an unmistakeable air of ‘middle-class-ness’.
The Chancellor will need to reduce borrowing by £32bn in 2019-20 – the biggest ever annual cash consolidation – in order to meet his Budget surplus target by the end of parliament, according to a new post-Budget briefing report published by the Resolution Foundation.
Sales of luxury property in London have seen a considerable slump following Chancellor George Osborne’s sharp increase to stamp duty. Property industry observers have given warnings that the situation is becoming more and more harmful to the property market. Douglas & Gordon, an estate agency with particular expertise when it comes to property in the capital, have seen a drop of almost two thirds in sales of top-end homes in the “prime central” areas of London.
The 46th Annual Meeting of the World Economic Forum took place from 19th January for four days in Davos, Switzerland. The main agenda was entitled “Mastering The Fourth Industrial Revolution”, with many of the delegates discussing the impact of rapid technological shift on many industries. The mood was uncertain – some might even say gloomy – with Marc Benioff, CEO of Salesforce, stating that “as a society, we are entering uncharted territory.”
As we all turn over a new leaf and enter 2016 with a fresh year ahead of us it rather seems that China has missed the New Year memo!
After uncertainty over Chinese markets affected worldwide stocks in 2015, the beginning of 2016 has seen a similar story. The Shanghai Composite market dived 7% on Monday 4th January, prompting the triggering of a suspension rule after just thirty minutes of trading.
Turning Services Into Experiences
Financial planning, when it’s done right, is a pretty amazing experience. A prospective client comes to see you in the belief they’ve simply got a pension or investment problem, and ends up (a few weeks or months later) with a plan that’s changed their life and their relationship to money.
The warning signs for the Chinese economy began way back in July, when the Shanghai Composite Index lost more than 8% on a single day. Overall, during the month of July the market suffered its worst month for six years, losing 29% from the peak June price.
In August 2015, unemployment increased for the second month in a row, adding weight to the arguments of ratesetters in the ‘lower for longer’ camp. Latest ONS figures showed the jobless total up 25,000 in the three months to June to a total of 1.85 million, however, the unemployment rate itself did not shift. Interest rates were held in early August by a vote of 8 to 1, as the Bank released its latest inflation report showing expectations that a first rise would come in or around February 2016.