Thinking about everyone’s favourite subject, it was striking to read that a well-known UK consumer confidence index indicator released in the last few days was flat for the third month in a row, with an accompanying write-up that included the comment that ‘despite political carry-on in the Westminster bubble with the clock ticking on Britain’s eventual departure from the EU, consumers are holding firm and remain unshaken by the daily headlines of turmoil and intrigue’. Too right that there is a real and breathing UK economy still out there… and that the ongoing Brexit debate does not need to exclusively define the UK economy and its prospects.
Welcome to March, a time in the past when I have gone all Shakespearean in my written musings and quoted the famous words imagined uttered to Julius Caesar before his assassination. It looks as if the Ides of March (typically regarded as the fifteenth day of the month) will be just after a series of further Brexit related votes which could provide the greater clarity consumers, industrialists, politicians and investors seem to desire. As one economic survey, focused on the view of UK manufacturers, strikingly put it recently: ‘The march of the makers has turned into a painful crawl, where only certainty about the Brexit way forward can ease the sector’s pain’.
The Spring Statement is not meant to be a major event. In announcing the date of the Statement this year, the Treasury emphasised that “there will now only be one major fiscal event each year”, i.e. the Autumn Budget. However, on the day after a 149 vote government Brexit defeat, the Chancellor’s view on the UK’s financial and economic situation could hardly be classed as a routine report.
Consider getting organised this winter season by de-cluttering and updating your financial plan.
The momentum of a fresh start makes the new year an ideal time to get things in order in your life and your finances. Schedule some time to check in on your accounts, organise tax documents, automate bill paying and go paperless to simplify things and set yourself up for success.
12 Resolutions for 2019
Start the new year right by reviewing and revamping your financial plan.
December 18, 2018
Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run – and even sooner? We’re talking about your financial plan – your fiscal health, if you will. The start of a new year is a great time to review your plan and make any necessary revisions. With that in mind, here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure.
Chris Bailey, European Strategist, Raymond James Investment Services:
Your Personal Invitation to a Presentation on: MARKET TURMOIL – How to deal with it
Thursday 6th December, Longridge Golf Club, Complimentary drinks and canapes on arrival, Presentation starts at 3pm and 7:30pm prompt.
In the latest edition of our Monthly Market Commentary: After the Flood, Raymond James’ European Strategist Chris Bailey reviews the global and economic events that have shaped the past month and shares his outlook for the markets as we approach the end of the year. Click below to download and read the latest issue.
BUDGET NEWSLETTER October 2018
A Budget in October is unusual, but there are two main reasons why the Chancellor’s performance marginally pre-empted Halloween this year. The first is that we are now in the new cycle of Autumn Budgets and Spring Statements, the première of the latter having been made on 13 March. If the pundits are to be believed, the second reason is down to politics. Mr Hammond is reported to have wanted to get the Budget process underway before the next round of parliamentary battles over Brexit began again in earnest.