UK economy Archives - Philip J Milton & Company Plc

Market chaos silver lining

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...

Is the economy in good hands?

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...

A message from the Chancellor…

Good afternoon. I have just returned from a relaxing and much-needed break which took us to bustling Hungary, Slovakia and Austria. Yes, I took the computer though the inbox defied my occasional review so apologies if you are still awaiting my reply! I returned to an unexpected speech from our Chancellor. I should like to...

Our 40th and great numbers

The UK Economy grew by 0.3% in the first quarter – which is good news though some of it is clawing-back losses from before. However, the underlying trend shows very little improvement and as noted last time, the general employment situation is worsening. In a nutshell (and stating the obvious), the more unemployed and the...

Growth, debt and the Titanic…

I was reminded recently that on 14 April it was the anniversary of the Titanic hitting the iceberg, in 1912. Had it hit it head-on, it would not have sunk. Are there analogies here for President Donald Trump’s tariff announcements…? This is either the fact that 90% of the problem isn’t obvious or maybe that...

Inflation slows but is it the calm before the storm?

While the news inflation slowed in March to 2.6% is welcome and an interest rate cut is widely expected next month, it may simply be a brief glow of light to ward off the spectre of ‘stagflation’ a little longer. The recent quakes from Trump’s tariffs have subsided for now and some analysts are upbeat...

Tariffs leave shaken shares and markets

Well, the world is still coming to terms with what has been unleashed upon it and the volatility in the financial markets as a result. Not only have shares been shaken-up but other things are not necessarily reacting as they ‘should’ and perhaps for ‘other’ reasons. I am also taking this opportunity to wish...

Trump tariffs – don’t panic

This is not long after my last missive but clearly President Trump’s tariffs are creating temporary havoc. However, it is very disconcerting and especially when a whole year’s ‘normal’ returns for investors can be wiped out in just a day’s movement on a market. No-one alive has faced tariff announcements of this nature. The last...

‘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...

Days left to make ISA and Pension contributions before Financial Year ends

So the dearly departed are coming to the rescue of the Chancellor, as Inheritance Tax receipts for the period from April 2024 to February 2025 topped £7.6billion and that is before the swingeing increases in the Autumn Statement where these death duties will affect pensions and businesses too. The figure is projected to grow another...

Market chaos silver lining

Is the economy in good hands?

A message from the Chancellor…

Our 40th and great numbers

Growth, debt and the Titanic…

Inflation slows but is it the calm before the storm?

Tariffs leave shaken shares and markets

Trump tariffs – don’t panic

‘Low key’ Spring Statement contained few surprises

Days left to make ISA and Pension contributions before Financial Year ends

Risk Warning

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Philip J Milton & Company Plc

Financial Ombudsman Service