Entries by Philip J Milton & Company Plc
Inflation drops and Budget looms
So UK inflation surprised to the downside – good news. This should lead the Bank of England to keep its promise to cut interest rates. The only fly in the ointment is what government bonds tell us? They’re worried globally but specifically in the UK about the Budget and probable extra borrowing (via these...
What will happen in the October Budget?
At the end of this month the Chancellor will unveil the first UK Budget under Labour in almost 15 years and there is a great deal of uncertainty as to what might be in it.
Chancellor Rachel Reeves will present her first budget to the House of Commons on Wednesday, October 30 at around 12.30pm.
With...
US stocks and the Budget
Hurricane Milton wreaked havoc in Florida but nothing like the worst expected. We trust this namesake won’t be doing the same with markets! Helen was not so impressed it followed right after Hurricane Helene as well. This is a once-in-a-lifetime storm, we were told and as ever, the risk to life the biggest fear...
Are you losing money to your ‘savings’ account?
Shocking recent figures have shown that more than 250,000 adult cash savings accounts with £10,000 and above deposited in them are earning 1% or less.
This is despite a growth in savings rates and relatively high interest rates over the past two years and frankly it shouldn’t still be happening, but it is.
We typically aim...
Oil prices and energy concerns
Good afternoon. Along with Mr Felix Milton, I have just returned from an encouraging and helpful conference with ACFA – I have not been for a few years so it was a good and worthwhile event to recharge batteries.
We were reminded of the value of the advice and service which a good financial adviser...
Who needs financial advice? Can you afford not to?
There was a timely reminder of the invaluable advisory and guidance interactions we have with so many of our clients when two senior investment professionals noted they too have advisers, when many might assume they ‘can’t need them’.
Perhaps we don’t blow our own trumpet enough in reminding clients how valuable our assistance to them...
Interest rates and investment trusts
Interest rates remain static – will this affect you?
Interest rates are set to remain at 5% until after the Government’s Budget at the end of October.
The Bank of England confirmed on Thursday (September 19) the rate would remain static, with inflation remaining stubbornly at 2.2% and above the ‘magic’ 2% target.
At its latest meeting, the bank’s Monetary Policy Committee (MPC) voted by...
