UK Chancellor Philip Hammond has revealed the true cost of Brexit to the British public in his first Autumn Statement. Hammond announced that Government finances would be £122 billion worse off by 2021 as a result of Britain’s decision to leave the European Union. As a result, the Government will no longer be attempting to…
The UK economy grew by 0.5% in the three months post-Brexit, according to the Office for National Statistics (ONS). This growth was down from the 0.7% experienced in the previous quarter, but above analysts expectations of 0.3%. The services sector was largely responsible for the growth, rising by 0.8% whilst agriculture, manufacturing & production and…
The governor of the Bank of England, Mark Carney, has announced that the fall in the value of Sterling will result in a rise of inflation on goods and services, starting with food prices in the next few years. Mr. Carney spoke at a public roundtable where he announced the rise, and warned that the…
More than three-and-a-half million savers using Britain’s most popular current account will see their interest rates cut in half later this year. High street giant Santander was last night accused of ‘kicking savers in the teeth’ after announcing plans to slash rates by six times the amount the Bank of England reduced interest rates earlier…
More than 90,000 Royal Mail staff have been warned that their final salary pension is “unaffordable” and could be shut down, as experts warn a raft of other private companies will follow suit. Royal Mail has written to employees telling them their “gold-plated” pension scheme may be closed because a deterioration in financial market conditions means…
Leaving the EU could cause a major funding blow to UK Universities. 2.3 million students studied at universities across all levels in the UK in 2014- 2015. 436,585 of these, roughly 19%, came from other countries. In recent years there have been more students from other EU member states enrolling in universities throughout Britain, with…
Britan’s Most Valuable Tech Firm’s £24.3 Billion Takeover in Jeopardy What seemed to be the biggest major takeover of a UK company since leaving the European Union by the Japanese internet firm Softbank Group has been placed into doubt. The deal for the largest tech firm in the UK, Arm Holdings for £24.3 billion (29…
Using Home to Fund Retirement is a “Delusion” says former Minister Steve Webb, Britain’s former Pensions Minister, has stated that planning to downsize your home to secure a retirement income is a “delusion”, according to the BBC. He said that the 3 million British people who are relying on their homes for retirement are in for…
Weak Pound Attracts Overseas Investors “like Bees to a Honey Pot” With the weak pound tumbling after the Brexit vote, Sterling has attracted serious investors throughout the world to dig deep and make substantial returns. Financial analysts predict a saving of 10% which will enable foreign investors to save 100,000 on a 1 million pound house…
If you are returning to the UK after being resident overseas, there are things you can do to make your move as seamless and tax-efficient as possible. There are many reasons why you may be considering a move back to the UK after living overseas. It could be part of your retirement plan or you…