Latest News and Articles
Improved terms, together with the erosion of tax allowances elsewhere, are making ISAs a favourable option for the new tax year. Since their launch, successive Chancellors have made revisions to Individual Savings Accounts (ISAs). Before his Budget proposal of an extra £5,000 for a ‘UK ISA’, the current Chancellor made arguably his biggest…
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The UK headed to the polls this week for a variety of local elections, where the Conservatives have suffered, losing councillors at a much higher rate than their worst predictions. Although Labour has gained by winning a number of marginal areas such as Hartlepool and Redditch, they have lost out on some votes to the…
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British households will breathe a sigh of relief this week as data from research company Kantar indicated an easing in grocery price inflation, falling to a 30-month low of 3.2% in the four-weeks to mid-April. This was down from 4.5% the previous month, the lowest it has been since November 2021. However, this does mean…
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Welcome to the latest edition of Caves Quarterly, where we review key market and financial news from the last few months, and look ahead to the future. In this edition, we explore the main takeaways from the Spring Budget, as well as the probable lowering of interest rates in 2024 and potential effects on your…
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It was announced this week that the UK economy grew for the second month in a row in February. Gross domestic product (GDP) rose 0.1% in the month, causing optimism that the UK’s technical recession may be coming to an end. Although we have now seen two consecutive months of increases, GDP still remains below…
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UK shop price inflation released this week provided an early indication of the direction of travel for the March inflation figure due to be released later this month. Shop price inflation fell to its lowest figure since December 2021 to 1.3%, indicating that the huge price increases seen over the last 2 years may finally…
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It was a strong week for financial markets with investors cheering central bank interest rate decisions. On Wednesday, the Federal Reserve (Fed) held US interest rates at the range of 5.25%-5.5%. The move was widely expected, but what pleased the market was that Fed officials are still forecasting three rate cuts for this year. There…
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This week saw Donald Trump and Joe Biden each gather enough backing to set up a re-run of the 2020 battle for the White House, as they both secured their parties’ presidential nominations. Taking place on the 5th November, fireworks can be expected with no love lost between the two candidates. With just…
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The “British ISA” announced in the Spring Budget is expected to be delayed until after the general election, most likely becoming available in April 2025. The British ISA, which allows savers to invest £5,000 a year tax-free into the British stock market, will not be introduced in the new tax year after the Treasury concluded…
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Weekly Market Update – 10/05/24
It was a positive week in global financial markets, with all of the major indices making headway. US futures pointed to more gains on Friday, leaving the S&P 500 index on course for a third consecutive weekly rise. The rally was given fresh impetus yesterday by data that supported the case for Federal Reserve interest…
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