Category Archives: Financial News

Market update – July 2022

It is impossible to write about the current economic situation without first mentioning the humanitarian impact of the conflict in Ukraine. Tens of thousands of people have been killed or injured, including a huge number of civilians. Some 5 million refugees have already fled to other countries, with a further Read the full article…

Posted in Financial News |

Increasing interest rates

The Bank of England has now raised the UK interest rate five times since December 2021, gradually increasing from 0.1% to the current 1.25%. UK inflation (as measured by CPI – the Consumer Prices Index) increased again in May – to 9.1%, its highest level since 1982. In the US, Read the full article…

Posted in 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…

Posted in Financial News |

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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