Following his controversial ‘stealth tax’ Statement in November, the Chancellor made a raft of key personal taxation and pension announcements. The government pledged its commitment to the pensions Triple Lock, which will increase the State Pension in line with September’s Consumer Prices Index (CPI) rate of 10.1%. This means that the value of the basic […]
Monthly archives: February 2023
Looking to buy in 2023? Get planning
Even in times of economic turbulence, the fundamentals of house buying remain mostly the same. For those looking to make a purchase in 2023, it’s never too early to start planning. Why buy now? House prices have stayed high over the past year thanks to sustained buyer demand and restricted supply. Trying to predict future […]
News in Review
“There is an encouraging downward path of inflation in our central projection” Last week, the Bank of England’s (BoE) Monetary Policy Committee (MPC) voted by a majority of seven to two, to increase Bank Rate by 0.5 percentage points to 4%, its highest level for 14 years. The two committee members who opposed the half-point […]
Economic Review – January 2023
UK growth beats expectations The latest gross domestic product (GDP) statistics show the economy unexpectedly grew in November easing fears that the UK has already slipped into recession. Data released by the Office for National Statistics (ONS) revealed that the UK economy expanded by 0.1% in November. This figure was higher than any forecast submitted […]
News in Review
“The UK is poised to play a leading role in Europe and across the world in the growth sectors which will define this century” Last Friday, Chancellor Jeremy Hunt outlined his long-term vision for how to boost UK economic growth. This plan is based on four pillars which Mr Hunt said are “essential for any […]