Labour have won the 2024 UK General Election with a significant majority – gaining over 400 seats and an estimated 35% of the vote. From taxes and pensions to how the stock market has reacted, here’s what a new Labour government could mean for you and your money.
It’s six weeks until the end of the tax year. During market volatility, it’s even more important to take advantage of every possible instrument, allowance and wrapper to shield your hard-earned money from the taxman.
Evidence suggests that inflation has peaked, oil prices are down by around 40% from last year’s highs, and it is looking increasingly as though 13 October 2022 was when the markets bottomed out.
Following a positive start to the year in the financial markets, the last few days have seen a downturn. Regional markets dampen investor sentiment, China’s Covid cases soar and US tech companies slash workforces.
The current tax year will end on the 5 April 2023. You must have used all this year’s tax reliefs and allowances by this date. Don't let them go to waste!
Following a traumatic 2022, the first Lowdown of the year finally brings some good news for investors… China reopened and the FTSE 100 Index hit its highest level for nearly five years.
