PM resigns – will uncertainty reign?
Goodbye Sir Keir, hello tomorrow. Sadly, I fear he won’t be missed greatly and with negligible legacy to remember though we must recognise that any such change creates opportunity for uncertainty. It may seem that a certain new MP is crowned without competition.
We can then only hope he will have better economics than the...
Markets, US highs and ongoing uncertainty
What is likely to happen in today’s Spring Statement?
The Spring Statement is ‘not a Budget’ says the Chancellor as she prepares to unveil her plans for the UK economy in Parliament today (Wednesday).
Rachel Reeves has already pledged she will not be raising taxes, saying this would only happen with ‘one financial event a year’ – the Autumn Budget but measures announced will...
Trump inauguration and UK economy
Well, despite record low temperatures for a presidential inauguration so the event is moved inside, over here spring is in the air with new bird song, Albert the Peacock’s beautiful train almost complete, bulbs are showing and snow drops are emerging. Let us hope for good things to come and a great summer!
In the...
A bad Budget for business – but it could have been worse
The Budget has finally been unveiled and while many in the financial and wealth management sector are of the opinion it wasn’t quite as bad as we feared, the Chancellor’s package of measures revealed last Wednesday contained some nasty elements too.
In our opinion it was a business-negative Budget which won’t help the objective of...
A bad Budget for business?
Welcome to the Budget. I suppose we can say ‘it wasn’t as bad as it could have been’ (as inferred previously that perhaps the snowstorm of released rumours was designed to frighten everyone witless) but there were some very nasty things in there impacting many people.
I (nor independent commentators) don’t think she needed to...
Will Budget Day set the cat amongst the pigeons?
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...