Do you dream of retiring much earlier than your peers? Many ideas which originated in the US have made their way across the Atlantic. The latest financial innovation to join index-tracking investments, budgeting apps and exchange traded funds is the FIRE movement –...
Central banks around the world are beginning to cut interest rates with the European Central Bank leading the way. Source: US Federal Reserve, Bank of England, European Central Bank On 6 June 2024, the European Central Bank (ECB) became the first major central bank...
New rules have come into force governing the claims made by sustainable funds. As sustainable investing has grown in popularity, the issue of ‘greenwashing’ has moved into the spotlight. However, investors, turned fund detectives, have discovered that funds with...
The National Audit Office (NAO) has published a report on HMRC customer service which isn’t a happy story. Source: HMRC historic data, Office for Budget Responsibility (OBR) estimates A common tactic for grabbing a headline, be it a politician or organisation, is to...
As we count down to the general election in July, be wary of those manifesto promises not to raise tax rates. The Conservatives and the Labour party are going into the next election with the same key fiscal rule. This states that in five years’ time, total government...
April’s yearly inflation figure fell from 0.9% to 2.3%, so why does inflation still feel high? Source: Office for National Statistics (ONS) April’s Consumer Prices Index (CPI) showed annual inflation had fallen to 2.3%, its lowest level since July 2021 and...
Market responses to elections should be treated with caution. 2024 is a year of elections around the globe – in varying shades of democracy. On some counts, around 60 countries will vote, representing close to half of the world’s population. This includes eight of the...
It’s early days yet, but some pointers on tax have emerged from both the main parties. Within one week of the surprise firing of the general election starting gun, both the Conservatives and Labour have been promoting their tax plans. We can expect more to emerge in...
In mid-May 2024, the Dow Jones Index crossed the 40,000 threshold for the first time. You might have noted headlines in May that the Dow Jones Index of US shares had broken through the 40,000 mark for the first time. It may have sounded like a significant landmark,...
A useful new web tool has emerged, a little late in the game, in a joint effort from two government departments. In early 2023, HMRC and the Department for Work and Pensions (DWP) found they were unable to cope with the volume generated by a 5 April cut-off date that...
Gold is having its day in the sun, but for how long? Long before Bitcoin was even a twinkle in the eye of its alleged inventor, Satoshi Nakamoto, there was gold. If you did not trust rulers, institutions or paper money, gold was what you owned to protect your...
The fees for obtaining probate in England and Wales have increased. The fee charged to obtain probate in England and Wales has been increased from £273 to £300 (10%) and for confirmation in Scotland, which has a sliding scale by 2%. Northern Ireland revised its...
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