Worldwide Financial Planning

Staggeringly, only 72 per cent of the population are on track for at least the minimum standard of living. Read that again. Twenty per cent will hit moderate, and eight per cent will be comfortable.

The Bank of England has increased interest rates to the highest level in 15 years as it confirmed a 0.25% hike. The UK has continued to close the gap on the US as the Bank of England chose to increase at the 14th consecutive interest rate meeting to
take the bank’s base rate to 5.25%.

"Retirement should be a glorious thing, a time to fulfil all that you couldn’t before because of time, and I’ll do my utmost to ensure I cover the money side so you can." Peter McGahan.

Financial markets received a boost as UK inflation fell faster than expected. The Consumer Prices Index slowed from 8.7% to 7.9%, the biggest improvement in two years, as petrol and diesel prices fell.

Forget the direct taxation, also consider the indirect taxation: Remember when you didn’t have to pay for education, for university fees, when you didn’t have to pay for parking in a town, or when you didn’t have to pay for parking to visit your dying parent in a hospital. Just where is the money going?

A sharp drop in US inflation helped lift financial markets as US inflation dropped to its lowest in over two years. Headline CPI inflation dropped from 4% to 3% in June. Core inflation (excluding volatile food and energy costs) declined more slowly from 5.3% to 4.8%.