Worldwide Financial Planning

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.

While the market is easily fooled by headlines so too, unfortunately, are central banks. The true state of the economy won’t be clear for months so policy makers have to make do with the data they have, while the impact of today’s decisions won’t be apparent for another year.

The outlook hasn't really altered but investors are expecting both inflation and interest rates to remain higher for longer.

So start with learning from the past. Why didn’t other resolutions work and why did some actually succeed.

The imposition of new security laws on Hong Kong by China has eroded the territory's independence and looks set to end the 'one country, two systems' approach.