government Archives - Philip J Milton & Company Plc

Raising tax without result

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...

ISA reform looks likely – but no details as yet!

A shake-up of Cash ISAs seems on the cards as the Government has given its clearest indication yet that it is looking to reform the system. That’s a good thing as it will encourage people to see ‘investing’ as different from ‘saving’! As reported by online financial news platform Citywire, City Minister Emma Reynolds has...

‘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...

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...

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...

Great British ISA plans will not be allowed to hatch

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 £20,000...

Election Eve looms

Well, we are almost there. Have you cast your vote yet (by post)...? Election Day is tomorrow and if you have an unused postal vote, you can still take it to your polling station and hand-in the envelope. However, first, to cheer you up and to change the subject, next Christmas is now nearer than...

Economic ups and downs

Just as we think things have brightened, out comes the inflation figure at 4% versus the expected 3.9%. That was blamed on tobacco and alcohol – the latter also as duty rose on wine last autumn, based on alcohol strengths. It is as if the government doesn’t realise that increasing taxes on products increases inflation......

Raising tax without result

ISA reform looks likely – but no details as yet!

‘Low key’ Spring Statement contained few surprises

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

US wobbling subsides – for now

What will happen in the October Budget?

Oil prices and energy concerns

Great British ISA plans will not be allowed to hatch

Election Eve looms

Economic ups and downs

Risk Warning

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Philip J Milton & Company Plc

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