On taking office, the Chancellor warned that ‘everyone will have to make sacrifices’ in order to help balance public finances and support the economy get back on track. In this Newsletter we look at the main measures announced in his Statement Please click on this linkto access our summary.
What the Chancellor, Kwasi Kwarteng, presented to the House of Commons on Friday was definitively not a Budget, it was ‘The Growth Plan’. The sixth Chancellor since 2016 was careful to avoid the ‘B’ word, despite the huge sums of spending and borrowing that he announced – greater than in most, if not any, real Budgets, let alone mini-Budgets. When the Autumn Budget proper emerges – probably in November or December – it is most unlikely to contain anywhere near such a wide range of radical and costly measures as were announced on 23rd September.
In this Newsletter we look at the impact of the changes and the energy support packages due to operate from 1st October. Please click on this linkto access our summary.
The Autumn Budget has now been published and sets out measures to be introduced to address the Chancellor’s post pandemic commitment to ‘build back better’. Please click on this link to access our summary.
Coronavirus has certainly focused the mind on what is and isn’t important – a personal lifestyle re-set button if you like. For many of you with more pressing things to worry about than money, the only message that you’ll want to hear from Pinnacle Financial Services & Wealth Management at this time is that – financially speaking – things will be alright in the long run. We would like to reassure you that we firmly believe this to be the case. Centuries of financial history show that stock markets always bounce back – even if they have to ‘climb a wall of worry’ to do so. It’s always a matter of time – we just can’t tell you how much time.
