Blog - Archive for 2018

2018 Budget

29th Oct, 2018

  Today (29th October) the Chancellor of the Exchequer, Philip Hammond, announced his second Autumn Budget. Traditionally the Budget is presented on a Wednesday, and Mr Hammond was keen to insist this change was not made to avoid his speech falling on Halloween. As usual the Budget covered everything from changes in welfare to changes […]

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Everyone needs a budget

15th Oct, 2018

Before I started work in this profession I used to think of budgets as only being useful when someone is struggling to make ends meet. Over time I realised that a budget is the bedrock of any financial plan, whether you have relatively little wealth or are very wealthy. In this post I will explain […]

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Investment markets: will there be a crash?

16th Aug, 2018

  It is very easy to find articles and videos which suggest there could be a crash in investment markets. So is this correct? The easiest answer to this question is: nobody knows. The best answer is: it really does not matter, as long as the following points hold true: Your investments are diversified Your […]

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Common financial pitfalls

6th Aug, 2018

When was the last time you reviewed your average spending or put some real thought into how much money you are putting aside? We all lead busy lives and many of us leave our finances on autopilot, including the use of direct debits and contactless payments. As a result you might experience the following financial […]

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Interest rates rise 0.25%

2nd Aug, 2018

The Bank of England’s Monetary Policy Committee has voted unanimously to hike interest rates from 0.5% to 0.75%, taking the Base Rate above 0.5% for the first time since March 2009. In this post I have answered some common questions about this change. Many mortgages and new retirement annuities will be affected by this change. […]

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Bank of England defers interest rate hike

10th May, 2018

At its May meeting, the Bank of England voted (7-2) to maintain it’s base interest rate at 0.5%. This was in spite of earlier indications it would raise rates by 0.25%. In this post I set out the reasons why the Bank of England has backtracked and the implications for financial markets. If you are […]

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Time is running out: tax year end

15th Mar, 2018

We now have less than 3 weeks until the end of the current tax year, so there is just enough time to make the most of your remaining allowances (if you hurry). In this post I have summarised some of the key allowances you can take advantage of. Please bear in mind that these options […]

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Interest rates remain at 0.5% – but are expected to rise sooner than expected

8th Feb, 2018

Today (8th February) the Bank of England’s Monetary Policy Committee (MPC) held its monthly interest rate setting meeting. The vote to hold the base rate at its current level of 0.5% was unanimous and was in line with analysts’ expectations. However in a surprise announcement the Governor of the Bank of England, Mark Carney, said […]

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