Deposit protection to fall
The compensation for lost deposits is to be cut by £10,000. On the first Friday in July, a few days before the Budget, the Prudential Regulatory Authority (PRA) announced that the level of Financial Services Compensation Scheme (FSCS) protection for … Continue reading
Interest rates to rise
The Governor of the Bank of England (BoE) is hinting at interest rate rises again. “It would not seem unreasonable to me to expect that once normalisation begins, interest rate increases would proceed slowly and rise to a level in … Continue reading
The trouble with averages
Knowing what the average is may not be as helpful as you think. One of the facts which often appears in personal finance surveys is that people tend to underestimate how long they will live. At a time when retirement … Continue reading
Chinese whimpers not whispers…
The Chinese mainland stock markets have had a torrid two months. On 9 June MSCI, a major provider of global stock market indices, announced that this year it would not be including in its Emerging Markets Index mainland China shares … Continue reading
The £1,000,000 Inheritance Tax Exemption
Mr Osborne has made good his manifesto commitment to ease the burden of inheritance tax, but his approach is not simple. One of the surprises in the Conservative manifesto was the proposal to create a new transferable main residence band … Continue reading