The cricket season may only now be slowly getting underway, but May saw the Chancellor score two centuries which, in different times, would have deeply worried investors, with implications for tax planning.  Every month the Office for National Statistics (ONS) publishes a detailed summary of the public sector finances, showing how much the public sector…

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The debate about the relative benefits of investments trusts and investment funds (unit trusts and OEICs) could be coming back into focus.  Investment trusts have a history going back over 150 years, long before the first unit trust appeared in 1931 or, later still, the birth of the open-ended investment company (OEIC).The major difference between…

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The state pension triple lock may not survive much longer. The impact of Covid-19 on earnings could mean a change in the way that state pensions are increased in each year. If nothing is done, it could give pensioners a large income boost, but cost the government dearly. At present, the new (single tier) state…

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The adoption in the UK of a transatlantic approach to income tax could appeal to a cash-strapped Chancellor. “…only the little people pay taxes.” That 1980s comment by the New York Hotel owner Leona Helmsley sums up an attitude that many taxpayers still believe to be true. Today the same idea often manifests itself in…

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The second quarter of 2020 saw a substantial switch back from the falls of the first quarter. Index 2020 Q2 Change FTSE 100 +8.8% FTSE All-Share +9.8% Dow Jones Industrial +16.4% Standard & Poor’s 500 +21.8% Nikkei 225 +17.8% Euro Stoxx 50 (€) +16.0% Shanghai Composite +8.5% MSCI Emerging Markets (£) +17.7% 2020 so far…

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