Commercial Property Review – October 2023

Industrial and warehouse space in demand   New analysis has highlighted that the most in-demand UK commercial property sector currently is industrial/warehouse space, as companies look to facilitate and improve their ability to deliver online purchases to customers as efficiently as possible.   According to data from Sirius Property Finance, buyer demand for hospitality and leisure assets […]

News in Review

“The UK economy is holding up but remains in a precarious state” The most recent data from the Office for National Statistics (ONS) highlighted a modest 0.2% expansion in August, following a sharp 0.6% reduction in July. The monthly growth was in line with expectations from a Reuters poll of economists. Contributors to the growth […]

Investor implications – Dividend Allowance cuts

With the UK in the midst of a sharp tax-raising drive, understanding the full impact of fiscal changes on investments has arguably never been so critical. One area that has been subject to particularly draconian reductions is Dividend Allowance, with changes in this area likely to have a significant impact on many investors.  Six-year slide  […]

News in Review

“It’s great to see financial services firms reporting another positive quarter” Financial services activity held relatively firm in the third quarter, according to the latest Financial Services Survey released last week by the Confederation of British Industry (CBI). In total, optimism and business volumes grew slightly less quickly than in the buoyant second quarter. Moreover, […]

Mortgage Charter provides relief 

A helping hand for mortgage holders was announced at the start of August by Chancellor Jeremy Hunt with a view to providing support to residential mortgage customers suffering from rising interest rates.  Three-part plan  The Mortgage Charter has three key elements:  More flexible  Further flexibility relates to customers approaching the end of a fixed-rate deal.  […]

Lifetime Allowance removal provides pension boost 

Several months have passed since the Spring Budget, which, although not necessarily packed with good news stories, held one announcement that certainly did bring considerable cheer to higher rate taxpayers. A recent survey has revealed the dramatic impact that Chancellor Jeremy Hunt’s decision to scrap the pension Lifetime Allowance (LTA) is having on people’s retirement […]

News in Review

“Our new estimates indicate a stronger performance for professional and scientific businesses” The UK’s economy has grown faster since the start of the pandemic than had initially been stated, according to new data released last week by the Office for National Statistics (ONS). Under the updated figures, the UK’s economy is estimated to have grown […]