The early introduction of this tax cut raises the possibility of an election in early 2024 as the Conservatives weigh up whether this is long enough for workers to feel the benefit against the potential for a rate hike if inflation stays high. The Office for Budget Responsibility’s assessment of the outlook was lukewarm at best.
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How your mortgage rates are calculated
By Worldwide Financial Planning
Categories
Mortgage
The role of a central bank is to keep an economy in check. One of their biggest risks is wage inflation. That can cripple economies, as businesses who are struggling with inflation themselves are being asked for wage rises as their staff struggle with hiked costs.
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DROP IN HEADLINE INFLATION PROVIDES POSITIVE MOMENTUM FOR MARKETS
David Cameron’s appointment dominated the headlines and successfully attracted attention away from Suella Braverman’s acrimonious departure from government. But Cameron’s return doesn’t do much for the government in the longer term. It remains far behind in the polls and the recent King’s Speech had little to allow it to regain political momentum.
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Protecting estates in the event of a divorce
By Worldwide Financial Planning
Categories
Financial Planning
It’s worth knowing if you are making a gift to assist a house purchase, lenders can often insist that the amount gifted isn’t repayable and they ask that is confirmed by the parent in writing. This isn’t always the case.
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MARKETS LOOK TOWARDS RATE CUTS AS CENTRAL BANKS TRY TO TAMP DOWN EXPECTATIONS
Central bankers have naturally spent this week trying to calm expectations that the next move is a step down and most have been sticking to the higher-for-longer scenario. The tension between these two positions means markets remain uncertain and continue to be driven by each day’s news flow.
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Common investment mistakes and useful tips
By Worldwide Financial Planning
Categories
Financial Planning, Investment
Don’t get discouraged when the values are not going up. If the markets aren’t rising, you shouldn’t really expect to make returns during that period. There are doldrums, and you must sit them out. You can’t pop into a money market fund in cash and hop back into the market when: ‘it’s ready’.