Monthly Archives: November 2023

Autumn Statement 2023

Posted on November 23, 2023 by - Budget Update

Westminster Bridge at sunset, London, UK

“Our plan for the British economy is working”

On 22 November, Chancellor of the Exchequer Jeremy Hunt unveiled the government’s latest tax and spending plans saying “we back British business” announcing 110 growth measures which he said would boost business investment by £20bn a year. The Chancellor said the government had taken difficult decisions to put the economy “back on track” and claimed, “our plan for the British economy is working.” He also stressed that “the work is not done,” before outlining his package of measures which he said would cut business taxes, raise business investment and get more people into work.

Commercial Property Review – November 2023

Posted on November 22, 2023 by - Commercial property

Property market review - November 2023

 

ESG credentials come to the fore in the industrial and logistics sector  

November’s UK Commercial Market in Minutes from Savills has highlighted the continued robustness in the industrial and logistics sector, despite a reduction in take-up during the year due to economic uncertainty.  

Home Finance – In the news

Posted on November 15, 2023 by - Mortgages, Property

Landlord not planning on selling his rental properties

 

Most landlords not selling yet 

Two in three buy-to-let landlords have no plans to sell any of their properties in the upcoming year, new research1 has revealed. While the new Renters Reform Bill had led some to predict a selling spree, it seems most are holding onto their investments – for now. Those with a single property (75%) and those with two or three (69%) are most likely to hold onto all their properties. In a turbulent market, rising interest rates are the main motivation for six in 10 landlords who intend to sell, a 15% jump on the previous survey. Nearly half claim that the rent they charge no longer covers their mortgage costs. 

Wealth – In the news

Posted on November 15, 2023 by - Financial News, Pensions

Pension savers want to exclude oil from their pension investments

 

More pension savers want to exclude oil 

New analysis1 has revealed an increase in the number of pension savers who would like to see the oil sector completely excluded from their pension investments, up from 15% in 2022 to 21% in 2023. Of the remaining 79%, almost half said they would only continue to invest in this sector if companies show a concrete commitment to cutting greenhouse gas emissions and improving their environmental impact. Alongside oil, investors were also concerned about companies contributing to deforestation and habitat destruction, predatory lending, and investments in alcohol and gambling. 

Money – In the news

Posted on November 15, 2023 by - Financial News, Pensions

Mum and Dad with their baby, cost of raising children soars 

 

Cost of raising a child soars 

Recent research1 has found that the cost of raising a child has increased by 10% over the last year, with the average UK family spending £223,256 in their offspring’s first 18 years. This works out at over £12,000 a year per child. The research looked at the different costs associated with bringing up children, ranging from essential through to leisure activities. 

Economic Review – October 2023

Posted on November 8, 2023 by - Financial News

 

Inflation rate holds steady

The Bank of England (BoE) Governor has described the latest batch of inflation statistics as “quite encouraging,” adding that he expects a “noticeable drop” in the headline rate when the next set of data is released later this month.

‘Megatrends are defining the future’

Posted on November 8, 2023 by - Financial News

Toddler helping Dad plug in his electric car, megatrend.

 

The emergence of new trends and advancements such as the advent of AI, electric vehicles and other ‘big picture’ global innovations are set to shape our future, presenting opportunities to investors interested in capturing these themes in their portfolios.