2020 Budget prioritises relief for struggling businesses
As the COVID-19 pandemic continues to rage, many businesses are struggling to cope financially – but small businesses (those with a rateable value of less than £51,000 per year) are deemed to have been the worst hit.
For full briefing click here. Property Market Review March 2020
ARE YOU READY FOR ‘THE GREAT WEALTH TRANSFER’?
Over the next three decades, the asset-rich ‘Baby Boomer’ generation is expected to pass down a record-breaking amount of wealth to their often debt-saddled and rent-paying Millennial and Generation Z offspring. Money matters are never the easiest topic, but if this intergenerational wealth transfer is to be handled successfully, families need to start discussing it.
For full briefing click here. Your Wealth Spring 2020
Spring Budget: What does it mean for the housing market?
While it is true that this year’s highly anticipated Spring Budget speech, delivered by new Chancellor Rishi Sunak, was understandably dominated by the government’s emergency measures to protect the British economy and population from the impact of COVID-19, there were other positives to be gleaned on the future of the housing market.
For full briefing click here. Residential Property Review March 2020
RATES CUT TO RECORD LOW
The Bank of England (BoE) sanctioned two emergency rate cuts during March in a bid to address the impact of the COVID-19 pandemic, leaving interest rates at a historic low of 0.1%.
For full briefing click here. Economic Review March 2020
DON’T LET ‘DECISION FATIGUE’ IMPACT YOUR FINANCES
A recent survey has found that people in Britain suffer from ‘decision fatigue’ when it comes to financial planning.
Lack of time and mental space for tackling difficult money issues means that less important decisions are prioritised instead. Over half (52%) of survey participants said they would make time to compare holiday destinations but only one in three (29%) said the same about considering their pension options.
For full briefing click here. Your Money Spring 2020