interest rates Archives - Page 2 of 3 - Philip J Milton & Company Plc

House prices drop as interest rates increase

House prices have dropped by the biggest yearly decline for 14 years, according to Nationwide. The data for July was shortly before the Bank of England increased interest rates yet again, taking it from 5% to 5.25%, spelling more uncertainty for mortgage holders. The BBC has reported the latest from Nationwide, which said affordability was becoming...

Probate delays adding extra costs for bereaved families

Families are seeing potential extra costs due to delays of up to several months before probate is granted after a death – but there are some things you can do to keep the costs down. A grant of probate is a legal requirement for anyone handling the estate of a deceased person, before any inheritance...

Gilts, Sterling recovery and markets

So the UK Government has sold the most expensive Gilt since 2007, paying 5.668% till redemption in October 2025. That is significantly higher than the rates which were applying only a few years ago. Unless inflation abates (and wage figures today don’t help) then the cost of servicing the National Debt will rocket and...

Rising interest rates – act now if you need a new deal

As was widely predicted, the Bank of England (BoE) raised interest rates by half a percentage point to 5% on Thursday in its ongoing attempts to reduce inflation, which now stands at 8.7% after not dropping as expected. While the CPI (consumer price index) for inflation dropped into single figures in April, it has stayed...

Inflation and cautious optimism

So Sterling has hit its highest level against the Dollar since April last year and the Euro since August. Whilst it reduces the value of investors’ overseas’ assets, strength is positive and I can say ‘expected’ though whether it is on confidence in the UK and our economic prowess (or others’ regression) is hard...

Pound coins pile with small plastic house on top

Planning ahead: Money changes still to come in 2023

What else is likely to happen in the months ahead to affect your outgoings and money matters, especially with costs continuing to increase, at least in the short term? London-based newspaper Metro has undertaken an interesting exercise looking at possible changes to household bills still to come in the rest of this year. Most are fairly...

Brainstorming concept, knowledge sharing

Investment psychology and trusts

Albeit a little belated, I hope you had an enjoyable Coronation weekend. Whatever your views on the process, no other country in the world can replicate what we can produce so all applause to the thousands involved in whatever way they achieved such a successful event - and a restful holiday weekend, I trust...

Coronation, cost of living & currency

Before anything else, we hope you had a really Happy Coronation Weekend! Well done your Majesties! So, US growth is lower than expected, unemployment is rising in the UK and the US as job vacancies are falling and that is seen as good news so the markets react without great negativity... why? It may sound bizarre...

Latest on the banks crash and why forecasts are unreliable

So, a mini bank collapse (compared to the larger ones) which has passed without significant contagion, saw bank shares across the globe fall in value by $0.5trillion in a week, the most since the pandemic panic. This will affect investors’ portfolios everywhere as banks represent a large portion of market indices too. Goldman Sachs loses...

People sat around a table with a Union Flag on it

What’s the state of the nation?

So the Autumn Statement is behind us. Taxes are up and so we now face the highest tax burden since WW2 as well as ‘enjoying’ the biggest public spending since the 1970s.The ‘Office for Budget Responsibility’, a relatively recently created quango and chaired by Richard Hughes, (Ed Miliband’s former policy adviser who was a...

House prices drop as interest rates increase

Probate delays adding extra costs for bereaved families

Gilts, Sterling recovery and markets

Rising interest rates – act now if you need a new deal

Inflation and cautious optimism

Planning ahead: Money changes still to come in 2023

Investment psychology and trusts

Coronation, cost of living & currency

Latest on the banks crash and why forecasts are unreliable

What’s the state of the nation?

Risk Warning

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Philip J Milton & Company Plc

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