Protecting your wealth during tough times

If you are employed or run your own business, challenging times can affect your finances. It’s worth remembering though that wealth management planning can (more…)

UK economy healthy entering 2018

As we enter 2018, there are signs that the British economy is healthy and should continue to grow in 2018.

When the vote to (more…)

UK drops out of world’s top five economies

The chancellor Philip Hammond has said that Britain is now the sixth largest world economy, having previously held a solid place in the top five.

The Office of Budget Responsibility has changed its growth forecast for the economy. It had previously stated that it expected the economy to grow by 7.5% over the next five years, but has now revised this down to 5.7%.

Although productivity has risen a little, it remains low and is not expected to significantly increase in the future. With no firm trade agreements yet decided and the amount that the government must pay to the EU before leaving not yet agreed upon, uncertainty over Brexit – which Cheshire West and Chester voted in favour of, but Liverpool and Wirral voted against – remains a factor.

Despite these negative indicators, Hammond remains optimistic and said:

“London is the number one international financial services centre. We have some of the world’s best companies. And a commanding position in a raft of tech and digital industries that will form the backbone of the global economy of the future. Those who underestimate Britain, do so at their peril.”

As the sixth largest world economy, Britain is still a large economic country, with many residents coping well financially. Stocks in UK and US companies are high, and with the help of an investment planner, good returns can be made by investing in British companies. Mark Dampier of investment shop Hargreaves Lansdown recommends putting a third of a person’s wealth in money, a third in shares and a third in bonds in order to protect wealth.

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Banks support task force on climate change

Mark Carney, Governor of the Bank of England, is encouraging banks and companies to show their support for the Task Force on (more…)

Wirral labour market maintains good state

The Office for National Statistics (ONS) provides information about the Wirral economy, and its recent Wirral Labour Market Profile report (more…)

OECD predicts slowdown in economic growth

The Organisation for Economic Co-operation and Development (OECD) has revealed a somewhat gloomy outlook for the British economy up to 2019, predicting that UK economic growth will slow down to 1.1%.

Brexit was not blamed by the OECD for the slowdown, but the organisation presumes that there will be a transition period after Britain leaves the European Union in 2019 and this will have an adverse economic effect. The OECD slow growth forecast is based on low productivity, inflation, the weak pound and consumer debt.

Wage growth is less than inflation. In the short term, the OECD expects that this will cause more consumers to dip into their savings, bolstering consumer spending for a while. In the long term, however, consumer spending may slow down.

The slowdown in economic growth is not confined to the UK, however, with the OECD expecting growth to increase only marginally in most world countries.

Financial experts have stressed that the OECD forecast may not be accurate. As Samuel Tombs of Pantheon Economics said:

“Forecasting for the UK economy in 2019 really is complete guesswork.”

If more British businesses invest in expansion, the actual growth of the UK economy could higher than the OECD predicts.

Individuals can achieve little to affect the management of the UK economy or their local Chester economy., but they can have control of their own asset management and invest in financial products that increase the growth of their money beyond the growth level of the British economy.


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British economy performing better than expected, figures show

The latest Office for National Statistics (ONS) figures on the British economy are better than many financial analysts predicted.

The (more…)

Manufacture Live celebrates Liverpool’s manufacturing success

Manufacture Magazine is hosting the Manufacture Live event at Liverpool’s ACC Exhibition Centre this month.

Over 100 manufacturers are (more…)

How will interest rate rises affect your finances?

The Governor of the Bank of England, Mark Carney, has hinted that the Bank of England base interest rate will soon rise. Many financial experts believe that this will happen in November 2017, and expect it to (more…)

Millennials concerned about ethical investments

A recent YouGov poll found that 13% of people aged between 18 and 34 (often known as millennials) wanted their money invested ethically. This (more…)

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