Archive for July 2017

No summer Budget, but something similar

Because of the election there will be no summer budget - but perhaps something similar.

The general election left the future of many spring Budget announcements up in the air, but that situation may soon change. When Theresa May announced her snap election in April, it threw a major spanner in the previous month’s Budget. There was no time to pass the 776 pages of Finance Bill before parliament shut…

Read More

Shares – China becomes an emerging market as MSCI finally opens up

China - now listed as a share market

China-listed shares are finally to be included in the leading emerging markets index. As we as highlighted in May, China has the world’s second largest equity market, but at present shares listed on the Chinese stock exchanges don’t figure in the MSCI Emerging Markets Index. The MSCI index is the most important equity index for…

Read More

Interest rates unlikely to rise

UK and US interest rates have performed an Atlantic crossing since 2010.

Last month saw the first suggestions that interest rates could increase soon, as UK and USA interest rates flipped. In June, the US central bank, the Federal Reserve, increased short term interest rates for the second time this year and the fourth time since December 2015. The 0.25% increase to 1.00% − 1.25% had been…

Read More

Inflation – the rollercoaster ride to zero

The latest inflation numbers show prices rising at their fastest rate for nearly four years. The May inflation data came as a surprise to many pundits. The expectation had been for inflation, as measured by the Consumer Prices Index (CPI), to remain at April’s level of 2.7%. Instead, National Statistics revealed that annual inflation had…

Read More