After seemingly weeks of dull weather, the warm sunshine of the last week in Devon and Cornwall reminds us that Summer is on its way. Unlike many commentators I view this week’s new lending figures from the Bank of England with guarded optimism. The good news is that money is starting to flow more freely, with an increase in lending to individuals and an improving trend in corporate lending, particularly by Barclays and Nationwide, which have together lent an additional £11b over the last year.
6 June 2013: A Professional Women’s 'Lunch and Learn' event is to turn into a regular occurrence after it was given a big thumbs-up from its delegates. The lunch event was held at Seabrook Clark Wealth Management's office in Exeter.
I have always taken a keen interest in history and particularly if the past can offer any useful lessons for investing. In 1986, ‘Big Bang’ marked the start of deregulation of the City and the move from human to electronic trading reflecting the pressures of globalisation. Until then, we are led to believe that the City had been a more genteel place, where each Summer traders would take time out to watch cricket, Wimbledon and Ascot.
We have more than 11,500 pages of tax legislation, the longest in the world. Little wonder then that the Office of Tax Simplification is tasked with streamlining our 400 tax reliefs, allowances and exemptions. Whilst the ‘tax tail should never wag the investment dog’, tax is nevertheless a key consideration for financial planning. After all a pound of tax saved is at least as good as a pound of investment growth.
In a long overdue announcement, Michael Gove, the Education Secretary has signalled that all children will be taught personal finance under the new revised national curriculum. I am delighted that the need for a basic level of financial knowledge at school has been recognised. The younger generation face huge financial challenges in the coming decades – funding university fees, buying a first house and adequate pension provision to name but three key issues.
Thank you to everyone who attended our launch party at Exeter Golf and Country Club and made it a most enjoyable and memorable evening, as well as a raising £237.55 for FORCE Cancer Charity. A big thank you to Justin Urquhart-Stewart as our keynote speaker, who gave a highly informative and entertaining talk. Press coverage in the Western Morning News.
After seemingly endless debate and discussion, this week sees social care as one of the flagship issues to be included in the Queen’s speech for the coalition government’s plans for the next session of parliament. The admirable aim of the reforms is to put the social care sector alongside the NHS at the heart of the welfare state for the first time, something overlooked when the NHS was set up in 1948.
Many people unsurprisingly rank a divorce as one of the most stressful events in their life, as well as posing one of the greatest threats to their financial security. Even Dragons’ Den tycoon, Duncan Bannatyne, who has built up an estimated £430 million fortune, is not immune from these pressures as his recent divorce shows.