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	<title>Rachel Reeves Archives - Philip J Milton &amp; Company Plc</title>
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	<title>Rachel Reeves Archives - Philip J Milton &amp; Company Plc</title>
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		<title>Wobbles at the top?</title>
		<link>https://www.miltonpj.net/2026/05/14/labour-facing-change-at-the-top-amid-wobbles/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Thu, 14 May 2026 08:00:00 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[Philip Milton Comment]]></category>
		<category><![CDATA[Trump]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[market reaction]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[citywire]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[Keir Starmer]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[passive trackers]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[space]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[passive investing]]></category>
		<category><![CDATA[Labour Budget]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12302</guid>

					<description><![CDATA[<p>Well, potentially all change at the top. I remembered this quotation from a more contrite and accommodating man during the now old 2020 Labour leadership election. “When they [CPS staff] made mistakes, I carried the can. I never turn on my staff and you should never turn on your staff. I will carry the can [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/05/14/labour-facing-change-at-the-top-amid-wobbles/">Wobbles at the top?</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Markets, US highs and ongoing uncertainty</title>
		<link>https://www.miltonpj.net/2026/05/06/markets-uncertainty-and-us-highs/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Wed, 06 May 2026 16:36:29 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[transferring investments]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[losing money]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[Philip Milton Comment]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[FTSE100]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[UK stock market]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Bank of England]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[FTSE250]]></category>
		<category><![CDATA[slump]]></category>
		<category><![CDATA[US stock market]]></category>
		<category><![CDATA[sustainable income]]></category>
		<category><![CDATA[risk]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12289</guid>

					<description><![CDATA[<p>Just for a change, it is very difficult to interpret what is happening at the moment and to note the effects on markets. I say that tongue in cheek as of course, it is always difficult and when it appears that it isn’t, that is when complacency can preface an upset, so beware! The US [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/05/06/markets-uncertainty-and-us-highs/">Markets, US highs and ongoing uncertainty</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Global uncertainty but spring is here</title>
		<link>https://www.miltonpj.net/2026/04/04/spring-arrives-amid-global-uncertainty/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 11:55:58 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[dementia]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[attendance allowance]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[oil prices]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[Iran war]]></category>
		<category><![CDATA[uncertainty]]></category>
		<category><![CDATA[Iran conflict]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[spring]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[Easter]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Brent Crude]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12269</guid>

					<description><![CDATA[<p>Welcome to spring and longer days (with all the clocks springing forward too). It’s always lovely to see new life bursting forth, oblivious to everything else happening in the world and ever was it thus. In this we have something to appreciate, regardless of all the geopolitical traumas or indeed personal afflictions which may be [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/04/04/spring-arrives-amid-global-uncertainty/">Global uncertainty but spring is here</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Hunting for safe havens</title>
		<link>https://www.miltonpj.net/2026/03/25/where-are-the-safe-haven-funds/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Wed, 25 Mar 2026 10:00:00 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[capital gains tax]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[turmoil]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[Iran conflict]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[Trump]]></category>
		<category><![CDATA[Israel]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[silver]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[miners]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[taxation]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[gilt bonds]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[oil prices]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[Iran war]]></category>
		<category><![CDATA[tax year end]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[high oil prices]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12254</guid>

					<description><![CDATA[<p>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 [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/03/25/where-are-the-safe-haven-funds/">Hunting for safe havens</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Dollar doldrums and silver surfing</title>
		<link>https://www.miltonpj.net/2026/02/13/dollar-down-and-silver-surfing/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Fri, 13 Feb 2026 11:45:45 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[REIT]]></category>
		<category><![CDATA[portfolio]]></category>
		<category><![CDATA[silver prices]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[self-assessment]]></category>
		<category><![CDATA[gold prices]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[silver]]></category>
		<category><![CDATA[IG index]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[stock portfolio]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[Sterling]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[Dollar]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[shares]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[America]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12194</guid>

					<description><![CDATA[<p>Quietly and gently and perhaps almost unnoticed, the US Dollar had been seeing a drift downhill before strengthening again over last week. Against Sterling it has now been the lowest since September 2021, having fallen by over 26% since the Pound’s trough in July 2022. We are not so unhappy as we have currency in [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/02/13/dollar-down-and-silver-surfing/">Dollar doldrums and silver surfing</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Some growth but inflation bites</title>
		<link>https://www.miltonpj.net/2026/01/30/small-uk-growth-but-inflation-bites/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Fri, 30 Jan 2026 09:00:00 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[value investors]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[dot.com bubble]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[oil prices]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[miners]]></category>
		<category><![CDATA[silver]]></category>
		<category><![CDATA[REITs]]></category>
		<category><![CDATA[gold]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12178</guid>

					<description><![CDATA[<p>It’s been good to see some economic growth with an unexpected 0.3% figure in November. Services and production rose and construction fell. The results at least counter some of the previous slippage but won’t be giving a great annualised figure regardless – but all helping.  Likewise, whilst we read a colossal 700,000 graduates are unemployed, [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/01/30/small-uk-growth-but-inflation-bites/">Some growth but inflation bites</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Happy New Year for farmers</title>
		<link>https://www.miltonpj.net/2026/01/06/happy-new-year-for-farmers/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Tue, 06 Jan 2026 10:00:00 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[UK Budget]]></category>
		<category><![CDATA[business rate relief]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[holiday park schemes]]></category>
		<category><![CDATA[shares]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[stock markets]]></category>
		<category><![CDATA[Labour Budget]]></category>
		<category><![CDATA[Inheritance Tax]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[FTSE]]></category>
		<category><![CDATA[IHT]]></category>
		<category><![CDATA[Budget 2025]]></category>
		<category><![CDATA[UK shares]]></category>
		<category><![CDATA[farm tax]]></category>
		<category><![CDATA[interest rates US]]></category>
		<category><![CDATA[farmers]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[agricultural rate relief]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12147</guid>

					<description><![CDATA[<p>A Happy New Year. I hope that your celebrations of all Christmas really means was good and joyful and that you have seen-in the New Year with relish! Already the days are opening-out and spring, albeit very cold, is daring to peek through the wintry gloom. What a nice Christmas present for ‘farmers’ with the [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2026/01/06/happy-new-year-for-farmers/">Happy New Year for farmers</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Welcome to our new clients</title>
		<link>https://www.miltonpj.net/2025/11/24/clients-new-and-old-very-welcome/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Mon, 24 Nov 2025 14:56:46 +0000</pubDate>
				<category><![CDATA[Philip's Comments]]></category>
		<category><![CDATA[investment trusts]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Philip J Milton comment]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[portfolio]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[clients]]></category>
		<category><![CDATA[value investors]]></category>
		<category><![CDATA[ISA]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[good advice]]></category>
		<category><![CDATA[Budget advice]]></category>
		<category><![CDATA[UK Budget]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[share prices]]></category>
		<category><![CDATA[tax hikes]]></category>
		<category><![CDATA[dividends]]></category>
		<category><![CDATA[CGT]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12078</guid>

					<description><![CDATA[<p>Good afternoon. It is a pleasure to welcome a number of new clients bringing funds to our fold – thank you very much indeed for the confidence expressed and looking forward to having you in our Elite Club! We don’t take ‘just anybody’, either! We guarantee one thing – that we shall try our best [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2025/11/24/clients-new-and-old-very-welcome/">Welcome to our new clients</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>Budget ‘black hole’ is filling with rumour if nothing else…</title>
		<link>https://www.miltonpj.net/2025/11/24/budget-rumours-swirl-amid-speculation/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Mon, 24 Nov 2025 10:00:00 +0000</pubDate>
				<category><![CDATA[Weekly Columns]]></category>
		<category><![CDATA[interest rates UK]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[UK Budget]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[tax hikes]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[UK Autumn Budget]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[Budget rumour]]></category>
		<category><![CDATA[Westminster]]></category>
		<category><![CDATA[chancellor]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12091</guid>

					<description><![CDATA[<p>This Wednesday, (November 26) the Chancellor will unveil her much-anticipated Autumn Budget and reveal her latest plans for filling the alleged ‘£20 billion black hole’ in the public finances. Or is it £30bn? So what will be in Rachel Reeve’s Budget and how might it affect you? That is certainly the £20billion question because, as [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2025/11/24/budget-rumours-swirl-amid-speculation/">Budget ‘black hole’ is filling with rumour if nothing else…</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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		<title>What the Chancellor should be saying in a pre-Budget speech…</title>
		<link>https://www.miltonpj.net/2025/11/12/chancellor-gives-pre-budget-speech-joke/</link>
		
		<dc:creator><![CDATA[Philip J Milton &#38; Company Plc]]></dc:creator>
		<pubDate>Wed, 12 Nov 2025 09:00:00 +0000</pubDate>
				<category><![CDATA[Weekly Columns]]></category>
		<category><![CDATA[financial scams]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[UK Budget]]></category>
		<category><![CDATA[autumn Budget]]></category>
		<category><![CDATA[the Budget]]></category>
		<category><![CDATA[tax increases]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[Rachel Reeves]]></category>
		<category><![CDATA[UK stock markets]]></category>
		<category><![CDATA[chancellor Rachel Reeves]]></category>
		<category><![CDATA[Philip J Milton]]></category>
		<category><![CDATA[Budget 2025]]></category>
		<guid isPermaLink="false">https://www.miltonpj.net/?p=12096</guid>

					<description><![CDATA[<p>We try not to do politics in these columns but following headlines suggesting Chancellor Rachel Reeves may well become the first to increase Income Tax in 50 years in fact (breaking manifesto pledges in the process), we had a little go at envisaging her speech before the November 26 Budget. (The following is tongue in [&#8230;]</p>
<p>The post <a href="https://www.miltonpj.net/2025/11/12/chancellor-gives-pre-budget-speech-joke/">What the Chancellor should be saying in a pre-Budget speech…</a> appeared first on <a href="https://www.miltonpj.net">Philip J Milton &amp; Company Plc</a>.</p>
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