banking Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/banking/ North Devon's Leading Wealth Managers Mon, 04 Aug 2025 14:30:11 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png banking Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/banking/ 32 32 Raising tax without result https://www.miltonpj.net/2025/08/01/tax-collecting-without-result/ Fri, 01 Aug 2025 09:00:00 +0000 https://www.miltonpj.net/?p=11925 It seems this Government is being the most successful at raising the rates of tax yet collecting less cash as a result – and doing untold harm to the economy as well as consumer and business confidence the same time. No, this isn’t political comment; it’s simply financially factual.   Whatever one’s politics and no, it’s […]

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]]> Are you losing money to your ‘savings’ account? https://www.miltonpj.net/2024/10/09/are-you-losing-money-on-your-savings-account/ Wed, 09 Oct 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11434 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 […]

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]]> Oil prices and energy concerns https://www.miltonpj.net/2024/10/05/oil-prices-rise-how-will-it-affect-us/ Sat, 05 Oct 2024 13:39:34 +0000 https://www.miltonpj.net/?p=11423 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 […]

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]]> Who needs financial advice? Can you afford not to? https://www.miltonpj.net/2024/10/02/investment-advice-is-vital-to-all-walks-of-life/ Wed, 02 Oct 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11430 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 […]

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]]> Interest rates remain static – will this affect you? https://www.miltonpj.net/2024/09/25/interest-rates-remain-static-for-autumn-2024/ Wed, 25 Sep 2024 12:18:30 +0000 https://www.miltonpj.net/?p=11370 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 […]

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]]> Our 39th anniversary as a wealth manager https://www.miltonpj.net/2024/09/13/philip-j-milton-and-co-39th-anniversary/ Fri, 13 Sep 2024 11:18:36 +0000 https://www.miltonpj.net/?p=11354 Well, the years rush past… August marked the Firm’s 39th anniversary. From a lowly beginning to becoming one of the largest independent financial advisory and wealth management firms in the area and now discretionarily managing over £1/4billion, we trust with a reputation to reflect that success for itself, its staff and most importantly for all […]

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]]> Great British ISA plans will not be allowed to hatch https://www.miltonpj.net/2024/09/11/great-british-isa-plans-fail-to-hatch/ Wed, 11 Sep 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11374 Plans for the ‘Great British ISA’ have been shelved before they were hatched, sadly. The idea was unveiled in the previous Government’s final Budget (as it turned out) earlier this year by the then-Chancellor Jeremy Hunt. The scheme would have allowed savers to invest an extra £5,000 into London-listed equities on top of the existing […]

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]]> Sterling effort, investment and taxes https://www.miltonpj.net/2024/08/30/sterling-strong-against-dollar-investment/ Fri, 30 Aug 2024 15:45:37 +0000 https://www.miltonpj.net/?p=11340 The US Dollar’s the lowest against Sterling since April 2022. That’s a 20% ascent for Sterling since the Sept 2022 low. It has been weaker these last few weeks as it is expected that interest rates will be cut even though US inflation readings are mixed. Currency volatility can work for you or against you […]

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]]> US tech, justice and taxes https://www.miltonpj.net/2024/07/24/vote-us-tech-and-taxes/ Wed, 24 Jul 2024 13:35:05 +0000 https://www.miltonpj.net/?p=11301 Just two weeks after the Election and avoiding politics altogether this time, I shall neither labour any points or be too liberal with my commentary on markets and tax-planning. You may think that I am unable to reform my approach, though I hope that the style of writing does not treat you as green around […]

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]]> Election results https://www.miltonpj.net/2024/07/05/election-results-good-luck-to-the-new-government/ Fri, 05 Jul 2024 21:10:28 +0000 https://www.miltonpj.net/?p=11293 I realise this is hot on the heels of the last missive (it’s a short one!) but whatever your politics, I offer my hearty congratulations to Sir Keir Starmer on his success yesterday. The outcome is very decisive and we wish him and all of his soon-to-be-assembled team all the very best in managing our […]

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