News in Review
UK GDP unexpectedly shrank in October as production fell, Budget uncertainty lingered and rate cuts may be on the cards.
Financial decisions – put your best foot forward
According to research, 38% of UK adults consider major financial decisions while walking. Getting outside can boost mood and bring clarity if you’re thinking about pensions, investments or protection plans – remember to stay future-focused, balance risk and seek advice.
Mortgage Guarantee Scheme launched
The Mortgage Guarantee Scheme aims to sustain availability of high LTV mortgages by incentivising lenders with government-backed guarantees. First-time buyers and home-movers across the UK can benefit, but professional advice is essential to help you choose the right deal.
In the news
A third of people expecting to inherit at least £300,000 do not understand IHT, so families could miss out on maximising their wealth. UK dividends hit £35.1bn in Q2, down 1.4% annually, however there are signs of strong underlying growth
News in review
This week’s News in Review looks at the latest ONS data on the UK’s GDP, the IMF’s predictions for global growth, renewed US-China trade tensions and shifting mortgage rates.
Autumn housing market outlook
The UK housing market moves into autumn with steady momentum. Buyers can expect to benefit from improved affordability and negotiating power due to a high volume of homes on the market. This is influencing how sellers approach pricing.
Future proofing your finances this autumn
Autumn is a natural time to review your finances. Check pensions, savings and investments to ensure plans match your goals. Building short-term resilience and strengthening long-term security can help you feel confident about your financial future.
Other key points and closing comments
The Budget also includes targeted measures on savings, taxation of goods, transport, energy, and devolved government funding, alongside additional support for childcare.
Personal taxation, savings and pensions
The Budget maintains stability in personal taxes and pensions while introducing targeted changes to Capital Gains Tax, inheritance rules, and property-related reliefs alongside extending savings incentives.
Economic forecasts and cost-of-living measures
The Chancellor’s latest Budget focused on driving economic growth and easing pressure on households, with updated forecasts from the OBR and several new measures to support living standards.
