gilt bonds Archives - Philip J Milton & Company Plc

PM resigns – will uncertainty reign?

Philip J Milton & Company Plc — Fri, 26 Jun 2026 12:28:43 +0000

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 […]

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Unexpected growth in economic area

Philip J Milton & Company Plc — Sat, 06 Jun 2026 13:50:09 +0000

Shockingly (as we weren’t expecting it!) but the economy grew 0.6% in the first quarter – not quite sure how! Apparently, it was ‘services’ primarily. So, the extra 0.1% over what was expected is being headlined by the Government as wonderful news but sadly one swallow does not a summer make. On the same day, […]

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Market chaos silver lining

Philip J Milton & Company Plc — Sat, 18 Apr 2026 09:00:00 +0000

Good afternoon. Early days but the agreement to a ceasefire was much welcomed by the markets. It is an odd world when sometimes you are grateful that some of your assets fall in price, because they were the hedges against other things you have been holding. So, when oil and energy stocks slumped last Wednesday […]

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Hunting for safe havens

Philip J Milton & Company Plc — Wed, 25 Mar 2026 10:00:00 +0000

Where are all the safe havens? As the markets slip, even gold and silver fall (though as I have kept saying, they have been too dear anyway and ‘alternative safety’ assets need always to be cheap to start). Not that we’re chartists but the charts for those two have boded very badly indeed. We have […]

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Silver prices surge

Philip J Milton & Company Plc — Thu, 15 Jan 2026 09:00:00 +0000

I am still reeling from Silver’s 130% increase in 2025. Gold was a mere 53%. And yes, it has continued – £1,000 of silver on 1/1/25 is now £2,960 – I am becoming speechless. We have trimmed some of ours but still hold over £3million but as noted, we can’t hold it any longer as […]

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Happy Christmas one and all

Philip J Milton & Company Plc — Fri, 26 Dec 2025 13:26:31 +0000

A very Happy Christmas to one and all! Hopefully you and your families had a lovely day yesterday? Let’s also trust for a settled, positive 2026 with resolution to long-outstanding issues like the Russian aggression against Ukraine and some dynamic and long-term solutions for Israel and the Palestinians. We have had some good economic news […]

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Is the economy in good hands?

Philip J Milton & Company Plc — Thu, 18 Dec 2025 10:00:00 +0000

So we enter a new era with Labour ‘less trusted on the economy than Liz Truss’ Conservatives according to the last YouGov Poll. Indeed, the descent of the Labour dream seems to have been as sharp as the fall in YouGov’s share price now somewhat sorry for itself too and like Labour’s fortunes. I predict […]

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Toothless Budget lacked real drive

Philip J Milton & Company Plc — Thu, 04 Dec 2025 09:00:00 +0000

For readers here, the biggest pieces of good news were what she didn’t do, such as attacking pension tax-free lump sums or tax relief on contributions, no lifetime Inheritance Tax on gifts or changes to present allowances and no changes to CGT. We did our best to discourage people from taking their cash from pensions […]

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Stamp duty shenanigans dent confidence

Philip J Milton & Company Plc — Thu, 11 Sep 2025 09:00:00 +0000

Interesting times with politics and Stamp Duty shenanigans. They all affect investor sentiment too and confidence and upsets are not helpful. I do feel slightly sorry for Angela Rayner on this one in that one relies upon those completing the process to know what Stamp Duty to pay but of course if they were told […]

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Savings, tax and stocks to hold?

Philip J Milton & Company Plc — Mon, 08 Sep 2025 13:38:45 +0000

Last week we were greeted with even higher inflation figures, apparently fuelled by higher aviation costs though primarily the problem remains reaction to the Government’s increases in Minimum Wage, National Insurance and other business costs and taxes. Curiously, at the same time the cost of oil and gas has been very weak but not filtering-through […]

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