Mini Budget Summary Summer 2020

(announced on 8th July 2020) Key Headline Announcements On Wednesday, 8 July 2020, the Chancellor, Rishi Sunak, pledged to protect, support and create jobs and get pubs and restaurants going again as he unveiled a package to kickstart the economy’s recovery. While updates to the associated Treasury Direction and HMRC’s Guidance are awaited, the key updates are as follows: Job …

Where’s the best place to live in Britain?

Before you consider purchasing a property or renting a house, deciding where to live could be one of the most important decisions you make. Get it wrong and you will either be unhappy with where you live, or face the costs associated with moving home again.  Thankfully, the annual Halifax Quality of Life survey can give some guidance in making …

Who runs the world?

There is an old adage that says “if you want a job done, ask someone who is busy”.

In the world of insects, most of the work is done by the females; all daughters of the Queen of the colony. In the animal kingdom the lionesses do the hunting but when it comes to human beings the burden is generally shared with both men and women carrying out the work.

Recent statistics show that more and more women are entering the workplace, pushing employment levels to a new high.

The World In A Week 50 – Planes, Trains And Automobiles

It was media heaven last week as the headlines screamed about the worst week for investors since the global financial crisis in 2008

The Coronavirus has encapsulated the fears of investors; like the disease, they fear the spread and fallout in markets will ultimately lead to the next recession.

Policymakers around the world look to grapple with the consequences of transport and supply chain disruptions resulting from efforts to contain the outbreak.

A degree of forbearance is needed for companies who have been affected the most from the global supply chain disruption.

It is important that any policy response needs to be granular and specific, as the previous blunt tool of interest rates cuts will arguably not be sufficient in this instance.

Investment company assets reach £200bn milestone

Assets managed by investment companies have surpassed £200 billion for the first time. An investment company often referred to as an investment trust, is a form of a collective investment fund. It has a closed-end structure, which differs from unit trusts or open-ended investment companies OEICS), where new units are created and cancelled based on investor demand.

Fix the roof when the sun is shining!

Nobody knows for sure when the UK economy might next enter a period of recession. Based on historical economic cycles, we do appear to be long overdue a recession; various technical indicators and some commentators have suggested that the process has already begun.

It’s official. We are going nowhere fast

It’s official. The UK economy has shrunk in size for the first time in seven years. According to the latest official figures from the Office for National Statistics (ONS), the British economy contracted during the second quarter.

Liquidity is the new king of investing

When it comes to investing money, liquidity should be highly significant consideration.

Liquidity is the ability to get access to your money when you need it.

An instant access cash deposit account with a bank or building society is a example of a liquid investment, as are stocks traded on a listed equity market, such as the London Stock Exchange.

Modern Monetary Theory branded ‘rotten’

Many organisations have made a case for Modern Monetary Theory (MMT) in recent years. In simple terms, MMT is an argument that nations that issue currencies, like the UK and Pound Sterling, can never run out of money in the same way individuals or corporations can. It hinges on the claim that governments can print currency to fund substantial government …