Category: Economic News

8 Results Shown

Budget 2017 – A Britain fit for the future?

Concerns over the fairness of wealth distribution amongst different generations, notably the problems faced by many young people in relation to purchasing their first property, dominated much of today’s budget speech. We take a look at the key measures that the government announced. Economic outlook The Chancellor announced that the Office for Budget Responsibility (OBR) has forecast productivity growth downwards for the next five years, reaching 1.6% in 2022. Further, debt forecast is to peak this year and government borrowing is predicted to fall each year reaching £25.6 billion in 2022/2023. Pensions and Savings tax The ISA annual sub ...


Green shoots?

The move itself was neither large nor unexpected. Rates are just back where they were before the referendum. Recent questioning of the wisdom of such a move while real wages are shrinking, notwithstanding that the Bank had more or less committed itself to raising rates in August, it would have needed some transparently bad news for the Bank to have ...

Response to FCA consultation on DB pension transfer

On Wednesday 21st June the FCA published new proposals on advice relating to pension transfers where consumers have safeguarded benefits, primarily for transfers from defined benefit to defined contribution pension schemes. Paul McNamara, CEO of EValue commented: “EValue welcomes the FCA consultation on DB pension transfers which seeks to imp ...

Election 2017: What are the key policies around pensions and long term savings?

As the countdown to the general election begins, despite the odd leak and potential U-turn, we take a look at the policies of the main parties on key pension and long term savings issues. The Triple Lock The level of future increases to the State Pension looms large in the main parties’ manifestos. Despite introducing the triple lock in 2010, as ...

The 2016 Autumn Statement: A country that works for everyone?

Economic Outlook Despite the forecast that the UK is set to be the fastest growing major economy in 2016, the Chancellor announced that the Office for Budget Responsibility (OBR) has forecast growth to slow and inflation to rise over the next two years. Pensions The government announced that it intends to publish a consultation before Christmas in ...

FCA issues risk warnings relating to Lifetime ISA

On Tuesday we posted a blog by Mark Grimes, where he discussed the 5 considerations consumers must make when choosing between investing additional contributions in either their pension, or the previously announced Lifetime ISA.  Yesterday the FCA released a consultation paper, CP16/32 Handbook changes to reflect the introduction of the Lifetime IS ...

What impact could negative interest rates really have?

The Theory In general, economic theory suggests that a lowering of interest rates should help stimulate a stagnating economy. The idea is that, in order to avoid lower returns on cash reserves held with central banks, commercial banks will make money more readily accessible to customers. This, in turn, should encourage small businesses to take out ...

Bank of England lowers Interest Rates to 300-year low

Why a cut in interest rates? This stimulus package and the headline news that the BoE would be lowering interest rates to a 300-year low, came after recent signs of lowered expected economic growth in many industries. Specifically, a sharp fall in the service sector, factory activity down and the UK construction industry shrinking at its fastest ra ...