Worldwide Financial Planning

With confusion and worry (better described as negative imagination), it’s not that difficult for society to develop a ‘wait and see’ attitude, which could inevitably dry up supply, or demand, which creates the self-fulfilling prophecy of: The housing market will slow. And it did.

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.

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.

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.

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.

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.