Life has a funny way of turning out differently to how we expect it. When faced with the unpredictable twists and turns of fate, it is comforting to have the support of the right protection cover for your needs. Rising bills reinforce need for protection Increased household bills, mortgage and rent costs, mean that protection […]
Author archives: charlie
Gender division and money matters
Despite women’s earning power increasing significantly over recent decades, the division of financial responsibilities does not appear to have evolved. A survey1 of 4,000 UK adults earlier this year found that women still typically have greater oversight of domestically focused financial matters, such as household costs (67% of women versus 51% of men) and utility […]
News in Review
“I don’t think that we can say definitively that interest rates have peaked” Last week, during their final meeting of 2023, the Bank of England’s (BoE’s) Monetary Policy Committee (MPC) voted by a six to three majority to retain Bank Rate at 5.25%, with the minority voting to the rate by 0.25%. This outcome was […]
News in review
“This balanced proposal provides much-needed predictability and stability to EU car and battery makers at a time of fierce global competitive pressure” Last week the European Commission proposed a three year postponement on the imposition of tariffs on electric vehicles (EVs) traded between the UK and the EU. Originally agreed as part of the Brexit […]
News in Review
“A critical turning point” World leaders gathered in Dubai, United Arab Emirates (UAE), last Thursday for the 28th United Nations climate change conference (COP28). At the invitation of UAE President, Sheikh Mohamed bin Zayed Al Nahyan, King Charles addressed heads of state, leaders of governments and delegates at the opening ceremony. The King called on […]
Economic Review – November 2023
OBR cuts economic growth forecast Revised forecasts from the Office for Budget Responsibility (OBR) suggest the UK economy is set to grow more slowly over the next two years than previously predicted. Chancellor Jeremy Hunt unveiled the independent fiscal watchdog’s latest projections during his Autumn Statement delivered on 22 November. The updated forecast predicts the […]
Autumn Statement 2023
“Our plan for the British economy is working” On 22 November, Chancellor of the Exchequer Jeremy Hunt unveiled the government’s latest tax and spending plans saying “we back British business” announcing 110 growth measures which he said would boost business investment by £20bn a year. The Chancellor said the government had taken difficult decisions to […]
News in Review
“We are beginning to win the battle against inflation” Some positive economic news was delivered last week in the form of better-than-expected inflation data for October. The latest official release from the Office for National Statistics (ONS) revealed that in the 12 months to October, the Consumer Prices Index (CPI) rose by 4.6%, down from […]
Residential Property Review – November 2023
Residential supply and demand less downbeat According to the Royal Institution of Chartered Surveyors (RICS) October UK Residential Market Survey, demand is still falling faster than supply. New buyer enquiries posted a net balance of -28% during October, marking eighteen successive months in which this indicator has been in negative territory. Nevertheless, the latest reading […]
Commercial Property Review – November 2023
ESG credentials come to the fore in the industrial and logistics sector November’s UK Commercial Market in Minutes from Savills has highlighted the continued robustness in the industrial and logistics sector, despite a reduction in take-up during the year due to economic uncertainty. The weaker demand has given warehouse space occupiers the opportunity to be […]