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.
The “100-year life” is no longer a fantasy. Although living longer is a cause for celebration, it does raise the question of how long you need to work before you can afford to retire. If demographic models have changed so much over the past century, we need to revise our understanding of retirement and how we fund it.
Potential interest rate cuts are on the horizon in the UK, following a steady rate of 5.25%. On the other side of the world, Japan's central bank has increased borrowing costs, marking the end of negative interest rates globally. These pivotal changes pose pressing questions for what’s next for the current bull market.
IQ’s quick guide to the 2024 Budget delivered by Jeremy Hunt. Hunt announced a reduction in national insurance contributions which will be offset by the abolition of the “non-dom” tax regime and other tax increases on vapes, tobacco and business-class flights.
Almost nobody is surprised to learn that the UK is now officially in recession. So all eyes are now on the Bank of England, wondering when it is going to cut interest rates and ease pressure on households amid the cost-of-living crisis.
February and March are particularly important months in the tax calendar. Here is a list of all the things you can do to be as tax-efficient as possible before the tax year closes.
Wall Street has recovered well after a setback earlier this month. Too well? Are things overheating? Major shipping companies have stopped using the Red Sea through which almost 15% of global seaborne trade usually passes. How will this disruption impact inflation?
