Autumn Budget & Spending Review 2021 “An economy fit for a new age of optimism”
Posted by Andrew_Smith on Thursday 28th of October 2021
Long read - This will take around 15 minutes to read
Chancellor of the Exchequer, Rishi Sunak, delivered his third Budget and the results of his Spending Review on 27 October, declaring that it begins "the work of preparing for a new economy post-COVID." The Chancellor struck an upbeat tone during the key fiscal event, as he outlined his vision of “an economy fit for a new age of optimism, where the only limit to our potential is the effort we are prepared to put in and the sacrifices we are prepared to make.”
Economic forecasts
The Chancel...
Autumn Budget highlights
Posted by Andrew_Smith on Wednesday 27th of October 2021
In Chancellor Rishi Sunak’s second financial statement this year, there were few surprises as he looks to fix the economy following the pandemic.
With inflation climbing and interest rate rises on the horizon, Britain is at a critical period in terms of its economic future. Multiple lockdowns caused the UK economy to slump by 10% while the government spent more than £100 billion supporting jobs.
Now the economy is recovering the chancellor is under increasing pressure to balance the books and claw back money spent on fighting the Covid cri...
Be wary of the crypto-craze
Posted by Andrew_Smith on Friday 22nd of October 2021
You might be thinking about whether to invest in crypto currencies. We explain why it may not be the right choice, and how to better approach your portfolio.
This year has been eventful for bitcoin, with the cryptocurrency reaching a record high and then almost halving in value all in the space of six weeks. The walk-back in May from Tesla’s Elon Musk in his support of bitcoin underlined concerns around the idea of cryptocurrencies as a stable investment. Musk – previously an outspoken supporter – announced his company would not be accept...
Can your pension sustain your retirement?
Posted by Andrew_Smith on Thursday 7th of October 2021
Working out how long your pension pot will need to last – as life expectancy rises – is worth thinking about sooner than later.
The lockdown caused many people to reassess their lifestyles, which for some meant choosing early retirement. But what retirees have found is that pension pots are not matching the period of time needed to enjoy a comfortable life.
Life expectancy is going up. The Office for National Statistics offers an online calculator which gives an estimate of life expectancy – and with it an idea of how many years people w...