The September meeting of the Bank of England’s Monetary Policy Committee gave the strongest signal yet that an increase in interest rates is getting closer. Whilst the September vote saw a majority remain in favour of keeping rates at its long term historic low of 0.25%, the 7-2 result belies the real situation. The statement […]
We take a look at the UK’s economic situation So the Office for National Statistics (ONS) has announced its initial estimates for the UK economy for the last quarter, declaring a potential 0.3% growth. And while this may not sound like much, it’s still a positive increase from the 0.2% during the 3 months prior […]
On 20th June, the Bank of England Governor, Mark Carney delivered a speech at The Mansion House in London. What was discussed at The Mansion House? The key reason for The Mansion House speech as to discuss the central bank’s interest rates. The speech came after the Monetary Policy Committee voted 5-3 in favour of […]
“Subdued”. It’s just one of those words isn’t it? It elicits a sense of submission. A feeling of powerlessness. But that’s the word CBI has used to describe how the UK economy is set to look over the coming months. Feeling the pinch Despite upgrading the initial growth forecast for 2017, it still sits with […]
So the votes are in, weve heard the Queen’s speech and Conservatives are once again residing in Downing Street. After a few weeks of uncertainty regarding the new minority government, the State Opening of Parliament took place on the 21st June. During the event, the Queen outlined draft laws planned by the newly formed government. Here’s […]
Amongst all the doom and gloom of current news, it’s always good to embrace the good news stories. And this month, the good news is really good news! Economic Growth It’s been officially announced by the International Monetary Fund (IMF) that our economy will grow at a much faster rate than predicted. With 2017 having […]
In recent years, I have taken the chance over the Christmas break to sit and consider the factors most likely to impact our clients over the year ahead. I do not profess to be a commentator nor economic forecaster, although even they missed most of the big events of 2016; but I do think it […]
The 2016 Autumn Statement In recent times client feedback has suggested that most of you feel rather inundated with information following the autumn statements and annual budget delivered by The Chancellor. With the advent of social media, and most professional organisations now issuing commentary or updates immediately following the announcements, we believe these events have […]
On Friday 24th June we awoke to the news that Brexit was a reality and the UK had delivered a somewhat unexpected shock to the western world and decided that it intends to leave the European Union. But should it have been such a shock? – was this not a ‘Black Swan’ moment that we actually […]
By the time of our next newsletter we’ll know the result of the EU Referendum. Having discussed the EU referendum with many clients and business partners it has sparked interesting debate. As the dust settles it will be interesting to see if the scaremongers from either side were right with their predictions. This is probably […]
As of 2nd June BHS is being wound down as none of the offers to takeover were deemed acceptable by the administrators. The past owners of BHS have been under severe scrutiny since entering administration, especially regarding the huge pension deficit that has been uncovered. Sir Phillip Green reportedly offloaded BHS for just £1 leaving […]
Be sure to have your say… The Chichester Observer and Spirit FM have published images of all 7 of the proposed options for the A27 sparking renewed debate around the City. Because of the controversial nature of some of the options, the debate is likely to be hijacked by those concerned about the impact to […]