Worldwide Financial Planning

While a proposal to introduce rent controls was widely criticised, other measurers such as a land tax have long been pushed by policy experts to boost house building.

Another call to tax big business and spend more on public services will likely go down well with the country at large as well.

In June, the regulatory body governing pension transfers (FCA) scrapped the starting position for transferring a company pension (Defined Benefit Scheme).

The starting position used to be that it was always unsuitable.

In simple terms, your company pension is guaranteed by your company. The company invests its money (a fund) to provide the best returns and meet its liabilities to you. If it doesn’t do well enough, it has to make up the shortfall, unlike a personal pension (where you are transferring to) where YOU have to make up the shortfall.

The test flight is undoubtedly a defiant response to the to the additional sanctions imposed on the dysfunctional state this week by the UN in response to their earlier nuclear test.

Less alarming domestic developments come in the form of the Bank of England's latest decision not to raise interest rates yet again.

There has been a stampede to transfer assets from company schemes as the transfer values have soared particularly in light of the Brexit vote.

This week the natural disasters keep on coming, with another potentially more damaging storm about to hit the south-east cost of America, and at the time of writing there is breaking news of a huge earthquake in Mexico that might have caused many fatalities.

The economic impact of these events is always difficult to estimate.