Introduction Sluggish growth and high inflation were recurring themes in many major and emerging economies last month, as central banks across the globe sought to manage the impact of global economic headwinds. But interestingly, many emerging markets bucked this trend. As always, let’s take a closer look at the details. UK The UK economy saw …
If you were asked to make big financial decisions, how sure are you that you’d make the right ones. Well, a new study by PwC and YouGov has found that nearly nine in ten people feel confident or very confident in making decisions about their money. But the same research suggests that, for many, this …
Households all over the country are under huge financial pressure as double-digit inflation continues to bite, and people are becoming painfully aware that their regular income will only go so far as prices keep heading up. With that in mind, it’s understandable that many will be looking for ways to generate additional revenue, such as …
Introduction Economic growth remained subdued at best in many major markets throughout May, as high inflation continued to affect households and businesses across the world and hit confidence. But significantly, some emerging markets such as India have bucked this trend and seen impressive rates of growth. As always, let’s take a closer look at the …
Wanting to look after your family is one of the most natural impulses in the world, and that’s one reason why you’ll want to make sure your finances are in order, so you can provide for them after you’re gone. But another way to help your loved ones is to instill good financial habits into …
Interest rates have been heading in one direction for more than a year now, rising from 0.1 per cent in December 2021 to 4.25 per cent today. That’s had a very real and tangible impact on households in the form of higher mortgage repayments, and also pushed up the cost of borrowing for businesses too. …
Introduction High inflation continued to put the brakes on growth in many major economies throughout April, with the International Monetary Fund expecting global growth to fall from 3.4% in 2022 to 2.8% in 2023. As always, let’s drill down a bit further and take a closer look at what’s been going on across the globe… …
Silicon Valley Bank, the 16th largest bank in the US, was shut down by the country’s regulators last week, and we’ve now learned that HSBC has moved to buy the UK arm of the collapsed institution. Since the bank specialises in lending to technology companies, the rescue by HSBC will be a huge relief to …
Jeremy Hunt, the Chancellor of the Exchequer, has delivered his Budget, in which he unveiled big changes to pensions and childcare as part of an effort to tempt people back into work. Here’s our summary of the main announcements: Pensions The lifetime allowance – currently £1,073,100 – to be abolished The tax-free annual allowance for …
Typically, a person who receives a state pension will have made 35 years’ worth of National Insurance contributions.* But there will always be people who haven’t and will therefore miss out. You might have been off work for several years because you had children or caring responsibilities. Or perhaps you lived overseas, or were recovering …
