Spring Budget 2023 – Key Announcements

Jeremy Hunt, the Chancellor of the Exchequer, has delivered his Budget, in which he unveiled big changes to pensions and childcare as part of an effort to tempt people back into work. Here’s our summary of the main announcements: Pensions • The lifetime allowance – currently around £1.07m – to…

Autumn Mini Budget – Key Announcements

Kwasi Kwarteng, the new Chancellor of the Exchequer, has delivered a mini-Budget, dubbed The Growth Plan, in which he promises “a new approach for a new era.” The Chancellor has put tax cuts and driving economic growth at the front and centre of his fiscal plan, as the government seeks…

Do young people need more financial education?

Financial knowledge and awareness can affect countless aspects of our lives, from being able to budget for our weekly food shop and pay bills, to meeting our mortgage payments and having enough money to live off during retirement. So why are so few people receiving proper guidance and education on…

Are You Leaving Your Retirement Planning Too Late?

For many of us, old age and retirement can feel a long way off, and with the world seemingly lurching from crisis to crisis, many of us are focused on simply getting through the next few days and weeks, rather than looking too far ahead. However, that approach could simply…

HNW Individuals are Losing Money to Scams

The pandemic brought with it many unpleasant economic side-effects: problems in global supply chains and now, as the world tries to recover, rapidly rising inflation and interest rates. It also brought a considerable increase in fraud as scams proliferated: romance scams, investment scams and impersonation scams all increased significantly. Phishing…

How worried should we be about the price of food?

Andrew Bailey, the Governor of the Bank of England, made an apology last month. Not for inflation heading towards 10%, but for sounding ‘apocalyptic’ about the price of food. The possibility of more increases in food prices was a ‘major worry’ for the UK economy, he said, as he warned…

What Will Rishi Sunak Say in his Budget?

Chancellor of the Exchequer Rishi Sunak is expected to deliver his Spring Budget on March 23rd, in which he’ll outline his view of the country’s fiscal position. Mr Sunak has long been keen to stress that the money spent on the Government’s coronavirus economic support packages, such as the furlough…
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