House prices continue to rise – but for how long?

UK house price growth accelerated in September, driving average property prices in London and across the UK to a record high. House prices across the UK increased by 4.7% to £245,000 in the year to September, up from 3% growth in August. London’s average house prices...

Biden win boosts markets

Global markets have rallied in response to the recent declaration that Joe Biden has won the US election. The end of uncertainty about the race’s outcome saw London’s FTSE 100 rise 1.5% to 5,994.58 points in early trade, with similar gains seen across...

Tax investigations on the rise

The number of arrests, dawn raids or interviews carried out by HMRC in respect of corporate and high net worth individuals jumped 40% last year. Criminal actions launched by HMRC’s Offshore Corporate and Wealth (OCW) unit increased to 70 in the 2019/20 tax year, up...

Investment trusts continue to surge

In 2018, Cass Business School produced a study that took into account every issue they could think of that might distort the comparison between investment trusts and open-ended funds and still found that the trusts had outperformed by about 1.4% a year over the...

Be wary of the vaccine stock market boost

Stock-index futures were already on the rise after Democrat Joe Biden was projected the winner of last week’s presidential election over the weekend — all but eliminating one source of uncertainty. Then, Pfizer Inc. and BioNTech early Monday reported what was...

Landlord dilemmas

Private rents in Britain’s cities have fallen by as much as 15% over the past year as tenants quit urban areas for a new life in the suburbs or the countryside, data shows. What has been described by some as an “exodus” from the cities sparked by the Covid-19 pandemic...

Capital Gains Tax reforms

The capital gains tax (CGT) system could be made simpler and fairer by reducing the annual exempt amount and raising rates to match income tax, according to a recent report from the Office of Tax Simplification (OTS). This comes after Chancellor Rishi Sunak asked the...

UK stock market: The upside to a lack of confidence

There are plenty of reasons for investors to be fearful about buying cheap UK shares just now. After all, the outlook for the global economy remains very uncertain. And the domestic economy could face a particularly challenging period due to Brexit. However, low...

Second mortgage holidays

Homeowners whose finances have been affected by COVID-19 will be able to apply for mortgage payment holidays of up to six months, despite plans to end this type of financial support on 31 October. The move follows the announcement of a month-long lockdown in England...

What does the close US election mean for investors?

After a much closer contest than the polls had forecast, markets have been forced to align with a new reality and not the one they were probably expecting. The recent election did reveal one thing. It showed the Democratic “blue sweep” of America the pollsters had...