Quarterly Newsletter

Spring 2022

In this edition of the newsletter, we look at life insurance, investment, re-mortgaging and pensions so there is sure to be something of interest to people in all stages of life.

 

There is also a piece on how to reboot your life this Spring, and we address how the pandemic has changed the way in which clients interact with their advisers.

 

Receiving financial advice is paramount, both now and in the future and I trust that you find this latest newsletter of interest. I will be happy to discuss or provide any further information as required.

Autumn 2021

There are a range of articles in this edition, which include an update on the UK economic outlook, interest rates, unemployment and inflation.

 

We also hear from Colombia Threadneedle and Liontrust who provide their analysis on these topics.

 

From a protection perspective Royal London have provided an article on obtaining cover for high risk professions and how your job may affect the premiums you pay.

 

In addition Fidelity provide an update on sustainable investments and 2plan provide advice on getting the most from your Buy to Let mortgage.

Please feel free to download and get in touch if you have any questions.

Tax Tables and Budget Summaries

Budget Summary

Tax tables

Just before Christmas, the Chancellor asked the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast for 23 March. The timing and brief nature of the accompanying Treasury announcement reflected Mr Sunak’s wish to keep the Spring
Statement a low-profile event.


This was not meant to be a March mini-Budget, despite what many headlines have suggested. Mr Sunak believes in the once-a-year approach to major tax and spending changes, unlike some of his predecessors. However, in both 2020 and 2021, the pandemic put
paid to that aspiration.

 

2022 has already proved similarly disruptive to his singular Budget plans. Early in February, a little over three months after his Autumn Budget, Mr Sunak was back at the despatch box presenting proposals for £9 billion of spending in the form of council tax rebates and repayable loans to mitigate April’s 54% utility price cap rise. Seven weeks and the Ukrainian invasion later, the Chancellor was once again before Parliament, introducing new measures to
cope with soaring energy prices.


Tuesday’s public finance figures suggested the Chancellor had£25-30 billion of wiggle room and, to the surprise of some commentators, he used a good part of it in what looked suspiciously like a mini-Budget, complete with a deferred, rabbit-out-the-hat
income tax cut for 2024/25.