Category Archives: Financial News

Market update – April 2022

The news in 2022 has so far been dominated by Russia’s invasion of Ukraine. The grave human implications fed through into markets, with equities declining and bond yields rising (meaning bond prices fell). Commodity prices soared, as Russia is a key producer of several important commodities including oil, gas and Read the full article…

Posted in Financial News |

Spring Statement 2022

Chancellor of the Exchequer Rishi Sunak’s 2022 Spring Statement was delivered on 23rd March, acknowledging the rising cost of living without taking any major steps to address it. The rate of inflation has surged, with CPI (Consumer Price Inflation) reaching a fresh 30-year high of 7.0% in March. Looking ahead, Read the full article…

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State pension 2022/23 tax year

The flat-rate state pension has increased by 3.1% to £185.15 per week (up from the previous £179.60 per week) for the 2022/23 tax year. This equates to £9,660.86 per year or £805.07 per month. The state pension was changed to the current flat-rate system in April 2016, intended to simplify Read the full article…

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Market Update – December 2021

The news this month has been dominated by the new Omicron variant of the Covid-19 virus, first identified in South Africa. Global equity markets generally fell over November due to concerns around the economic impact, although have since recovered somewhat as a more positive view has developed – firstly that Read the full article…

Posted in Financial News |

UK Interest Rate increase

The Bank of England has raised UK interest rates for the first time since August 2018, with an increase from 0.1% to 0.25%. The impact of inflation on household bills was judged a greater risk than a possible slowdown in the economy due to the new Omicron variant of Covid-19. Read the full article…

Posted in Financial News |