Brexit: no half-measures
Brexit took another turn during January, as UK Prime Minister Theresa May set out her vision for the UK’s exit from the European Union (EU). In a speech that set out the framework of her Brexit plan, she made it clear that the UK does not intend to stay in…
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Budget 2016
Budget 2016 George Osborne’s eighth Budget as Chancellor of the Exchequer proved something of a mixed bag, in which tax breaks for small businesses and savers appeared alongside a downbeat assessment of the global economy and the UK’s financial position. Although the UK’s deficit is still on target to be…
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Turbulent start to 2016
2016 got off to a turbulent start as ongoing concerns over global economic growth and falling commodity prices continued to weigh heavily on investor sentiment. China’s stockmarket was suspended after a 7% drop in share prices activated a so-called ‘circuit-breaking’ system designed to regulate volatility. The suspension led to sharp…
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Uk Winter Overview
Alongside speculation over US interest rates and concerns over China’s economic growth, investment-related newsflow during November was dominated by geopolitical developments. Following a terrorist attack in Sharm el-Sheikh in Egypt at the end of October, Paris fell victim to a series of atrocities in the middle of November. These attacks…
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Changes to Financial Services Compensation Scheme (FSCS)
From 1 January 2016, British savers will receive a lower guarantee on their deposits. At present, in the unlikely event that a UK bank or building society collapses, the Financial Services Compensation Scheme (FSCS) will pay compensation of up to £85,000 per person or small business, per authorised bank or…
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