Archive | Money Matters

Conservatives win a majority.

This election briefing is provided strictly for general consideration only. The information contained in this briefing is produced by TOMD and is based on their understanding of the election results (as at 12/12/19), which may change. For information only. Always seek professional advice before acting. The result is in. Following six weeks of intense campaigning,…

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BREXIT saga rumbles on

Extract from Redwood Financial’s Economic Review August 2019 With the second deadline now less than 60 days away, it remains unclear how the Brexit saga is ultimately going to play out, although the chance of a no-deal scenario continues to rise. While efforts to negotiate a new Brexit deal are continuing, the current position is…

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Inflation rises unexpectedly

Extract from Redwood Financial’s Economic Review August 2019 The headline rate of inflation edged above the Bank of England’s (BoE) target last month, amid concerns sterling’s recent decline could exert further pressure on prices. Data from ONS showed that the Consumer Prices Index 12-month rate – which compares prices in the current month with the…

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Markets

Extract from Redwood Financial’s Economic Review August 2019. Data compiled by TOMD In August, trade tensions between the US and China continued to weigh on sentiment. Statements from President Trump and China’s commerce ministry on 29 August, detailing that the countries were engaged in trade talks, brought some respite to global equities at the end…

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Retail sales rise

Extract from Redwood Financial’s Economic Review August 2019 The latest retail sales figures proved to be stronger than analysts expected, buoyed by the largest rise in online spending for three years. Official data published by ONS showed that retail sales volumes rose by 0.2% during July, defying the consensus market forecast which had predicted a…

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Employment at new record high

Extract from Redwood Financial’s Economic Review August 2019 The latest batch of employment data released by the Office for National Statistics (ONS) shows that the UK labour market remains in robust health, with the total number of people in work rising to another record high. Statistics from the Labour Force Survey showed that a net…

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No-deal BREXIT prospects rise

Extract from Redwood Financial’s Economic Review July 2019 The possibility of a no-deal Brexit has increased significantly over the course of the past month despite further warnings over the potential economic consequences such a situation could incur. On 23 July, Boris Johnson was officially confirmed as the new leader of the Conservative party and thereby,…

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Fears of imminent recession

Extract from Redwood Financial’s Economic Review July 2019 Although the economy returned to growth in May, fears of a slowdown are mounting, with some economists warning that the UK may be on the verge of a recession. Official gross domestic product (GDP) data released by ONS shows that the UK economy grew by 0.3% in…

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Pay growth strongest in a decade

Extract from Redwood Financial’s Economic Review July 2019 The latest batch of labour market statistics shows that UK workers’ basic pay is now growing at the fastest rate in nearly 11 years. According to data from the Labour Force Survey, average weekly earnings, excluding bonuses, rose by an annual rate of 3.6% in the three…

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UK Productivity puzzle

Extract from Redwood Financial’s Economic Review July 2019 Recently-released figures have revealed that the UK’s sustained period of declining labour productivity continued during early 2019. The UK has suffered with weak productivity levels since the 2008 global financial crisis. In the 10 years following the financial crisis, productivity stagnated, with the UK witnessing the slowest…

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