Budget caused uncertainty in the market There was some uncertainty within the housing market ahead of the Autumn Budget at the end of October, which was reflected in muted consumer activity. House price growth slowed ahead of the first Labour Budget in 14 years according to Savills. Mortgage rates rose slightly at the end of […]
Author Archives: matthew
Commercial Property Market Review – November 2024
Commercial property market outlook Despite anticipation of the Autumn Budget, Savills reported that the commercial property market remained stable in October, with some areas of growth. There was no change in pricing across any commercial asset class last month, with the average prime yield remaining at 6%. Eight sectors are now experiencing a downward pressure […]
In the news
Equity fund inflows on the up Statistics1 show that, during the first half of 2024, net inflows to equity funds were over £11.3bn, the best six-month recording for equity funds according to global fund network Calastone’s ten-year record. Of the most positive inflows, North America and global funds recorded £7.8bn and £7.2bn respectively, with emerging […]
Which pension personality are you?
A recent study1 has identified several distinct pension personality types, each with its own strengths and challenges. Which one resonates with you? Procrastination Pete and Paula are the most common type, often overwhelmed by the complexities of pensions. This group is likely to make poor decisions, such as hastily withdrawing a 25% tax-free lump sum […]
HNWIs on the rise – and their needs are changing
A new report1 suggests the wealth of ‘high-net-worth-individuals’ (HNWIs) – grew by 4.7% in 2023, with the HNWI population increasing by 5.1% to 22.8 million globally. What’s behind the increase? Global economic uncertainty, higher interest rates and rising political tensions led to significant declines in HNWI wealth (3.6%) and population (3.3%) in 2022. However, the […]
Finding midlife balance
Midlife can be demanding. Having moved onto – and, perhaps, up – the housing ladder, started a family and settled down, you would think you might have earned an easy ride. Yet midlife demands on your time and money can make you feel you are being pulled in a hundred different directions. Between supporting your […]
Economic Review October 2024
Economy set for short term Budget boost New economic projections produced by the Office for Budget Responsibility (OBR) suggest the Labour administration’s first Budget will provide only a ‘temporary boost’ to UK economic output. Chancellor Rachel Reeves revealed the independent fiscal watchdog’s latest forecast during her Autumn Budget delivered to the House of Commons on […]
Autumn Budget 2024
“Our mission to grow the economy” Chancellor of the Exchequer, Rachel Reeves, delivered the Labour government’s first Budget on 30 October with a promise to “restore economic stability” and “invest, invest, invest” to promote growth. In her statement, she outlined a number of new tax and spending measures that she said would create “an economy […]
Uptick in IHT receipts – what lies ahead?
Data1 has shown that Inheritance Tax (IHT) receipts have continued their ascent, with £2.8bn received in the April to July period this year. This figure is a substantial £0.2bn increase on the same period in the previous tax year (2023/24). Frozen thresholds continue to take their toll as IHT, once a tax reserved purely for […]
In the news
Money worries outweigh study concerns for almost half of students Have you got a child at university? If so, it’s likely, according to a new study1, that they’ll be more worried about the cost of living (a top-rated concern for 47% of students), than their academic studies (26%). Other main concerns of university students in […]
