News

Autumn Budget Statement October 2024

Before Rachel Reeves, the first woman Chancellor stood up on 30 October 2024 to deliver the first Labour Budget for 14 years, we were all warned that there was a “black hole” in the public finances and difficult decisions would need to be made. There were many rumours swirling around and so many leaks that... Read More »

Market Review – October 2024

UK Politics hit sentiment: concerns over the possible measures contained in the new Labour Government’s Autumn Budget – which is scheduled to take place on 30 October – undermined sentiment in the UK during September, with investors, consumers and businesses all showing signs of unease. In particular, the British Retail Consortium warned that UK consumer sentiment... Read More »

Market Review – September 2024

UK UK share prices fall during August: although many global equity markets successfully rebounded from sharp declines early in August, UK share prices posted a somewhat lacklustre performance amid fading hopes of further near-term cuts in interest rates. Investor sentiment was also dampened by mounting speculation over the possibility of higher taxes and spending cuts in... Read More »

Market Review – August 2024

UK Labour landslide: the Labour Party won a landslide victory in July’s General Election. New Chancellor of the Exchequer Rachel Reeves announced that the Budget will take place on 30 October and warned of “difficult decisions” on tax and public spending. The UK’s national debt rose to its highest level since the early 1960s, triggering conjecture... Read More »

Market Review – July 2024

UK An impending trilemma? Politics continued to garner headlines during June during the run-up to the General Election. Ahead of the election, however, the Institute for Fiscal Studies criticised the principal political parties for “ducking” key issues over tax and spending and warned that the winning party will face an immediate “trilemma” of raising taxes, cutting... Read More »

Market Review – June 2024

UK General Election on 4 July: the UK was placed on an election footing during May as Prime Minister Rishi Sunak announced a snap General Election. UK voters will head to the polls on 4 July. Although the announcement was unexpected, reaction from financial markets was comparatively muted. At present, polls indicate a clear win for... Read More »