chancellor Rachel Reeves Archives - Philip J Milton & Company Plc

Chancellor tears but not for us

So, very unconvincingly the Prime Minister supporting the Chancellor’s dire financial announcements brought the wrong sort of tears to her eyes, promptly seeing the cost of long-term UK Government debt rise by a whopping 5% and Sterling losing a cent instantly. Fortunately that was short-lived but we’re still paying far more than at the...

‘Low key’ Spring Statement contained few surprises

The Chancellor’s Spring Statement did not contain a great deal we hadn’t already heard and no immediate prospects for economic growth. In a relatively low key affair, Rachel Reeves set out her latest update on the economy and restated plans to cut the welfare budget as well as making cuts to Government departments, as we...

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...

US wobbling subsides – for now

Wobbles in the States saw the Nasdaq lose 4% in one day – not much in one sense but the biggest one-day loss since October 2022, all the same. An 890 point drop on the Dow worried people too. Are these very dramatic changes a sign of negativity to come for the US? Remember as...

Off-piste, risk and the economy

Having grabbed a week to visit Chamonix and on one day to travel up to Aiguille du Midi (3,842 metres) to view Mont Blanc (4,805metres), gave me an opportunity to see ‘risk’ in a different context. The height, the highest I have ever been excluding flights, puts risk in a different perspective altogether The engineering...

Are Cash ISAs under threat from the Chancellor?

Regular readers of this column will know we are not entirely (or certainly not universally) in favour of Cash ISAs simply because the balance of interest rates versus inflation means you can effectively be ‘losing’ money by having many thousands sat in an ISA ‘doing nothing’ as well as letting inflation eat it away. Saving...

Trump tariffs and market wobbles

We woke to face the reverberations from the threatened tariffs against Canada and Mexico by President Trump, amongst others and the EU and possibly the UK next. The markets are wobbling and the Dollar strengthening as it is feared the US will have to raise interest rates to support its policies as well as...

Chancellor tears but not for us

‘Low key’ Spring Statement contained few surprises

What is likely to happen in today’s Spring Statement?

US wobbling subsides – for now

Off-piste, risk and the economy

Are Cash ISAs under threat from the Chancellor?

Trump tariffs and market wobbles

Risk Warning

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Philip J Milton & Company Plc

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