State pension rise 2018 – no cause to celebrate

State pension rise in 2018 is no cause to celebrate

The state pensions will rise by 3% next April, but it’s not all strictly good news. On the day that a CPI inflation rate of 3% was announced, the BBC website covering the rise had a picture of pensioners “dancing for joy”. The supposed reason for their jollity was that the 3% September inflation figure…

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Rise in popularity for venture capital trusts

New figures from HMRC show a large jump in investments in venture capital trusts in 2016/17.  In September HM Revenue & Customs (HMRC) issued updated statistics on the funds raised by venture capital trusts (VCTs). These showed that investment during last tax year reached £570m, an increase of over 28% on 2015/16. This was the…

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Inflation level triggers interest rate rise

First interest rate rise in the UK for a decade.

September inflation was just low enough to spare Mark Carney writing to the Chancellor. And helped spur the first interest rate rise in a decade. Each year the Chancellor of the day gives the Bank of England an inflation target to meet. Ever since Gordon Brown changed the inflation index used to the Consumer Prices…

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