Economic Review – November 2021
Inflationary pressures mount Official statistics show the UK headline rate of inflation now stands at a 10-year high, with surveys pointing to further upward pressure as firms continue to report rapidly-rising cost burdens. Data released last month by the Office for National Statistics (ONS) revealed that the Consumer Prices Index (CPI) 12-month rate – which […]
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News in Review
‘The global recovery is strong but imbalanced’ Last week saw the Organisation for Economic Co-operation and Development (OECD) publish its latest appraisal of world economic prospects. In a relatively upbeat assessment, the Paris-based soothsayer predicted that global growth will hit 5.6% this year before moderating to 4.5% in 2022 and 3.2% in 2023. However, the […]
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Balancing money and mindset to become a financial wellbeing ‘all-rounder’
A new study1 has found that people with a financial adviser are over four times more likely to display high levels of financial wellbeing than those who have never received financial advice. Financial wellbeing relates to the control people have over their financial future. Those with high levels tend to not only meet their long-term […]
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Investing through the ages
Creating plans and setting goals are important at all stages of life, even if they inevitably change as we progress through life’s journey. Similarly, investment strategies also need to adapt as we move from one life stage to the next. Twenty and thirtysomethings Arguably, financial decisions made in early adulthood are more important than any […]
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News in Review
“We need to bolster our protections against this new variant” Following the discovery of the COVID-19 Omicron variant on UK shores, Boris Johnson took to the Downing Street podium on Saturday to announce “temporary and precautionary” measures to contain the spread of the variant. First detected in South Africa last Wednesday and labelled a ‘variant of concern’ […]
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News In Review
“If we are serious about going for growth, then 2022 has to be a year of detail and delivery” During a week which saw the government confirm it was cancelling the Leeds leg of the HS2 high-speed rail line, the Confederation of British Industry (CBI) said more needed to be done to end the North-South […]
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Regulator notes vital insurance need
Earlier this year, the Financial Conduct Authority published the results of its latest Financial Lives Survey. These showed, among other things, that COVID-19 had presented a severe test for the population’s finances, and that about a quarter of UK adults displayed signs of low financial resilience. Such signs include over-indebtedness, low levels of savings and […]
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