In a recent turn of events that could signal a positive shift in the UK’s economic landscape, a closely watched survey has revealed that UK consumers’ confidence in their personal finances has reached its highest level in over two years. According to research firm GfK, the outlook on individuals’ financial Read more…
UK pensions are on the cusp of a significant transformation, thanks to the concept of a “Pot for Life.” Since the introduction of auto-enrolment, which has seen a remarkable uptake with 88 per cent of eligible employees now participating in workplace pensions as of 2022, the focus has shifted towards Read more…
The Chancellor, Jeremy Hunt, has outlined a series of pension reforms and initiatives aimed at bolstering investment in the UK and refining the pension landscape in this latest Budget. These reforms include exploring a ‘pot for life’ model and enhancing investment in the UK economy through pension schemes. UK Pension Read more…
Jeremy Hunt unveiled a novel British Individual Savings Account (ISA) in his spring Budget statement that aims to invigorate investment in the United Kingdom. What is the new British ISA? The British ISA introduces an additional £5,000 tax-free allowance for investments in UK assets, supplementing the existing £20,000 limit. This Read more…
In a promising development for the UK economy, analysts from Bloomberg Economics and the National Institute for Economic and Social Research have forecasted that the inflation rate could fall below two per cent by April – for the first time in several years. This optimistic outlook aligns with recent economic Read more…