News & Insight

Market Commentary

The UK economy contracted again in October, according to official figures released on Friday by the Office for National Statistics (ONS). The unexpected fall of 0.1% marked two consecutive months of negative growth for the first time since the onset of the pandemic in March and April 2020. Analysts pointed to the effects of the […]

Market Commentary

Prime Minister Sir Keir Starmer delivered a speech last Thursday at Pinewood Studios on the government’s ‘Plan for Change.’ In it, he set out “six milestones” to be completed before the next general election, with new targets on housebuilding, NHS waiting lists, policing and clean power. “Today, we publish new milestones, measurable milestones that will […]

Market Commentary

Buying a home is becoming more affordable relative to income, according to the latest Halifax Affordability Review released last Thursday, as the house price to income ratio continues to fall. Strong wage growth combined with lower house price inflation has made housing more affordable than a year ago, the research revealed. Since 2023, house prices […]

Market Commentary

UK inflation was 2.3% in October, according to figures released last week by the Office for National Statistics (ONS), the first rise in the UK’s consumer prices index (CPI) for three months. As well as faring worse than economists had expected, the figure was a significant increase on the 1.7% recorded a month earlier. It […]

Market Commentary

Last Thursday, Chancellor Rachel Reeves used her first Mansion House speech to outline her new plan for pension funds, intended to shake up UK pension saving and unlock £80bn of investment. Ahead of the speech, the Chancellor revealed that the government is backing a ‘megafund’ model to revolutionise UK pension saving. Based partly on similar […]

Market Commentary

Some of the topics covered in this edition are: Avoiding the unretirement ‘tax trap’ – Many over-55s are considering unretirement but are not aware of the tax implications, which could increase their tax liability. Navigating a multi-retirement reality – The retirement landscape is evolving, with more multi-retirement households and age gap relationships adding complexity to […]

Market Commentary

Rachel Reeves delivered the first Labour Budget in 14 years on 30 October, during which she announced £40bn of tax rises. She outlined a series of new tax and spending measures, some of which had been widely trailed prior to Budget day, saying, “This government was given a mandate to restore stability to our economy […]

Budget Updates

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 that is growing, creating wealth and […]

Market Commentary

he International Monetary Fund’s (IMF’s) new World Economic Outlook entitled ‘Policy Pivot, Rising Threats,’ outlines global growth expectations of 3.2% in both 2024 and 2025. The international soothsayer predicts that rate cuts are ‘poised’ to continue, inflationary pressures will ease, growth will be modest, while geopolitical risks ‘remain threats to global stability and growth.’ At […]

Market Commentary

Data released by the Office for National Statistics (ONS) showed that the Consumer Prices Index (CPI) rate of inflation fell to its lowest rate in three and a half years in September. Easing to 1.7%, the rate dipped well below the Bank of England’s (BoE’s) 2% target. Analysts had widely predicted a fall from the […]

Market Commentary

Keir Starmer vowed on Monday to rip up investment-blocking red tape and make regulation “fit for the modern age” as he wooed global business leaders in the hope of attracting companies to invest billions of pounds in Britain. Addressing the International Investment Summit, the Prime Minister said “It’s time to upgrade the regulatory regime, make […]

Market Commentary

Last Thursday, Bank of England (BoE) Governor Andrew Bailey spoke in an interview about the pace at which interest rates are being cut. With two more Monetary Policy Committee (MPC) meetings this year, the Governor said the Bank could afford to be “a bit more aggressive” with its rate reduction approach, while acknowledging inflation as […]