The Pound remained lower against the dollar after Liz Truss was announced as the next UK Prime Minister on Monday, replacing departing Conservative leader Boris Johnson. The Sterling was 1.1508 against the dollar in late afternoon trading, after falling to its lowest level since 1985 of 1.1474 in advance of the announcement over Monday morning. […]

The post Pound stays lower against dollar after Truss appointment appeared first on UK Investor Magazine.

Liz Truss has been announced as the new Prime Minister and leader of the Conservative party. Truss was elected after weeks of campaigning against former chancellor Rishi Sunak for the position, and was voted in with 81,326 votes against Sunak’s 60,399. The vote reported an 82.6% turnout from an electorate of 172,437 Conservative party members. […]

The post Truss triumphant: ‘I will deliver’, says new PM appeared first on UK Investor Magazine.

The pound Sterling steadied on Friday in advance of the upcoming Prime Minister appointment next week. The currency took a sharp drop earlier in the week on the back of a report from the Resolution Foundation, which revealed the UK was facing its largest drop in living standards in a century. The pound fell to […]

The post Pound steadies ahead of PM appointment appeared first on UK Investor Magazine.

Chancellor Rishi Sunak has been accused of throwing away £11 billion in taxpayer funds by overpaying for interest servicing government debt. Recent comments by the National Institute of Economic and Social Research (NIESR) said Sunak failed to insure against interest rate growth on £900 billion in reserves created through the quantitative easing programme. According to […]

The post Rishi Sunak accused of throwing away £11bn in taxpayer funds appeared first on UK Investor Magazine.

The UK energy price cap is set to increase in October to a record-shattering £2,800, with the average UK household anticipated to pay an additional £800 per year in energy bills. The entire country is on track to pay an extra £18.3 billion in energy costs from October 2022, just as the cold weather starts […]

The post UK energy price cap to shatter records at £2,800 appeared first on UK Investor Magazine.

Bank of England governor Andrew Bailey is set to be hauled over the coals by cabinet ministers today over his approach to tackling spiking inflation rates of 7% and the Bank’s alleged failures to keep inflation within the institution’s 2% goal. Bailey will appear before the Treasury select committee later today. Meanwhile, Cabinet Ministers have […]

The post Bank of England governor hauled over the coals for inflation rates appeared first on UK Investor Magazine.

An estimated 1.5 million UK households are predicted to struggle with energy and food bills higher than their disposable income from 2022-2023, according to a report from the National Institute of Economic and Social Research (NIESR). The institute pointed out the pressure rising prices and higher taxes placed on consumer budgets, with the highest levels […]

The post 1.5m households predicted to struggle under rising inflation appeared first on UK Investor Magazine.

The UK government reported an additional £1.4 billion worth of targeted sanctions against Russia and Belarus in the latest wave of measures to target Vladimir Putin’s conflict in Ukraine. The move was announced on Sunday by International Trade Secretary Anne-Marie Trevelyan and Chancellor of the Exchequer Rishi Sunak. “We are determined to do our utmost […]

The post UK slams Russia & Belarus with £1.4bn in sanctions appeared first on UK Investor Magazine.

UK public sector net borrowing was recorded at £22.8bn in June UK public borrowing fell in June when compared to the same month a year ago, as the economic recovery allowed for reductions in spending and increased tax revenues. The figure for public sector net borrowing was recorded at £22.8bn in June, down from £28.3bn […]

The post UK government borrowing falls in June on reopening of UK economy appeared first on UK Investor Magazine.

People have set aside £140bn over past year with £100bn on corporate balance sheets Cash-heavy households and businesses are set to boost the UK’s economic recovery over the coming year as the spend money accumulated during lockdown, the chancellor has said. People have set aside around £140bn over the past year, with £100bn on corporate […]

The post Excess cash set to bolster UK economy says Sunak appeared first on UK Investor Magazine.

The government will guarantee mortgages up to 95% of a home’s value Property industry experts have reacted positively to Rishi Sunak’s budget announcement on Wednesday, while outlining the need for more sustainable reforms. The Chancellor pledged to “stand behind home buyers”, extending the stamp duty holiday to June. The point at which stamp duty will […]

The post Stamp duty holiday extended but long-term reform still needed appeared first on UK Investor Magazine.

UK debt at 100.6% of GDP Chancellor Rishi Sunak has alluded to the possibility of a hike in taxes as the UK faces up to holes in its finances following the economic impact caused by nationwide lockdowns. Public debt grew by £8bn in January, the Office for National Statistics has revealed. Following the release of […]

The post Rishi Sunak hints at tax rises amid rising deficit appeared first on UK Investor Magazine.

On Wednesday, Chancellor Rishi Sunak set out his spending review detailing how much will be spent on public services, lamenting the “economic emergency” that the UK government faces as the coronavirus pandemic rages on. He explained the measures the government is putting in place to “protect people’s jobs and incomes”, with a £280 billion pledge […]

The post What do investors make of Sunak’s spending review? appeared first on UK Investor Magazine.

The Treasury, Bank of England and FCA announced on Friday that they’d be convening to try and facilitate increased investment in ‘productive finance’. The organisations said that productive finance is that which expands productive capacity, sustainable growth and economic contributions. The FCA stated that areas requiring investment include: “plant and equipment (which can help businesses […]

The post Treasury, Bank of England and FCA to facilitate investment in productive finance appeared first on UK Investor Magazine.

Chancellor Rishi Sunak has brought in a raft of green finance initiatives in an effort to de-carbonise the UK economy. However, in a letter sent to the Chancellor, think-tanks, academics, researchers and financiers have outlined their concerns, with all signatories agreeing that Sunak’s new measures rely too heavily on market mechanisms. The Chancellor’s green finance […]

The post Financiers and academics say Sunak’s green finance approach is too market-oriented appeared first on UK Investor Magazine.

Chancellor Rishi Sunak is set to announce the launch of the UK governments first ‘green gilts’, which will be used to boost its low-carbon investment capabilities. These targeted bond mechanisms follow the lead of 16 other countries, including Sweden and Germany, and will aid in government efforts to invest in green infrastructure projects – including […]

The post Sunak announces ‘green gilts’ to bolster government’s low-carbon investment appeared first on UK Investor Magazine.

The furlough scheme will be extended until the end of March. Rishi Sunak said in the House of Commons on Thursday that the government will continue to pay 80% of wages as the UK enters a second lockdown. “We can announce today that the furlough scheme will not be extended for one month, it will […]

The post Sunak extends furlough scheme until end of March appeared first on UK Investor Magazine.

Widely-ridiculed for its arbitrary timing, the government‘s 10pm curfew comes into effect today, and will mean that all pubs, bars and restaurants will have to close their door to customers mid-way through a typical evening’s late seating. So, what will this new rule mean for food and drink outlets, and other hospitality businesses? According to […]

The post What will the 10pm curfew mean for pubs, bars and restaurants? appeared first on UK Investor Magazine.

Perhaps almost as eagerly anticipated as the prime minister’s public address earlier in the week, Chancellor of the Exchequer Rishi Sunak today addressed Commons with his Winter Economy Plan, which doubled down on keeping the economy open, while providing support to businesses and their employees. The Chancellor began his statement by saying he felt “cautiously […]

The post Sunak doubles down on keeping economy open with jobs, loans and VAT support appeared first on UK Investor Magazine.

As British philosopher John Gray discussed in a recent article, there is a deep and widening cultural rift in British society. While this rift, as Gray sees it, is between the metropolises and everywhere else, the nationalists and the woke, and those with and without university degrees, we should also remain aware of intergenerational divides, […]

The post How reckless housing policy will further divide UK society appeared first on UK Investor Magazine.

As part of the government’s ‘mini budget’ on Wednesday, Chancellor Rishi Sunak confirmed pundits’ predictions by announcing a ‘Green Package’, the bulk of which came in the form of a £2 billion home insulation scheme. The scheme, under the ‘Green Homes Grant’ will see the government pay at least two thirds of the cost of […]

The post Green Homes Grant: £2bn insulation scheme could support over 100k jobs appeared first on UK Investor Magazine.

As per predictions, Chancellor Rishi Sunak announced his ‘mini budget’ on Wednesday, in which he brought in a six month stamp duty holiday for all properties up to the value of £500k. According to analysis by Zoopla (LON:ZPG), the scheme will take the total number of homes eligible for stamp duty exemption from 16% of […]

The post Sunak mini budget means additional 73% of homes exempt from stamp duty appeared first on UK Investor Magazine.

Chancellor Rishi Sunak is expected to announce a ‘mini budget’ on Wednesday, in which he will propose a stamp duty holiday, similar to the proposal made by former Chancellor Phillip Hammond in 2017. The move is expected to see the raising of the initial stamp duty threshold from £125,000 to as much as £500,000, in […]

The post Sunak to announce stamp duty holiday for properties under £500k appeared first on UK Investor Magazine.

The UK’s Chancellor of the Exchequer Rishi Sunak has warned that there are “tragic projections” for unemployment in the months ahead in a dire reflection on the impact of the coronavirus pandemic on the UK economy. Scrambling to recover Despite the success of the government’s furlough scheme and the much-needed boost from the Bank of […]

The post Sunak warns “tragic projections” for unemployment appeared first on UK Investor Magazine.

Chancellor of the Exchequer Rishi Sunak announced on Monday that Nikhil Rathi will take over as Chief Executive of the FCA. Prior to today’s announcement, Mr Rathi served as the Chief Executive of the London Stock Exchange from 2015, and is well-acquainted with Treasury officials, having served as Director of Financial Services for five years […]

The post Rishi Sunak announces Nikhil Rathi as new FCA Chief Executive appeared first on UK Investor Magazine.

The Labour party has called for an emergency budget to be released this summer in anticipation of soaring unemployment levels once the government’s furlough scheme is fully terminated in October. Shadow Chancellor Anneliese Dodds has urged Rishi Sunak to deliver a “full budget” aimed at preventing unemployment, improving skills training and giving more substantial support […]

The post Labour urges Sunak to deliver emergency budget appeared first on UK Investor Magazine.

Rishi Sunak, a young and charismatic Chancellor, and one of the few members of the government to see their stock rise during the Coronavirus crisis. But why should we be interested in Mr Sunak, and more importantly, should we get used to seeing him on our TV screens? After six years in politics, he moved […]

The post Rishi Sunak – Boris Johnson’s crown jewel or dagger in the back? appeared first on UK Investor Magazine.

Few would venture to deny the momentous nature of the new government’s maiden budget. Boris Johnson and Rishi Sunak employed an undeniably Keynesian approach to spending, with handouts to increase business cash flows and infrastructure investment emblematic of an ambitious vision for the future. Some questions that we need to ask ourselves now: is this […]

The post Boris & Sunak big-spend budget: 3 missed opportunities appeared first on UK Investor Magazine.

The Chancellor of the Exchequer, Rishi Sunak has unveiled the latest budget by the government this afternoon. Over the last few weeks, the global population have been trying to combat the ongoing coronavirus epidemic. Since its initial spread, the coronavirus has affected Europe in a manner which is larger than anticipated. Italy seem to have […]

The post Rishi Sunak unveils new budget plans to mitigate coronavirus impact appeared first on UK Investor Magazine.

With bailouts of the hotel industry already being discussed in the US Congress, should we expect more widespread quantitative easing in the wake of the Coronavirus induced Black Monday slump? The likely response will be a ‘yes’, explained away by the rational need to encourage liquidity and avoid a catastrophic 2008-style slump. After the G7 […]

The post In the wake of Black Monday, what’s the price of a bailout? appeared first on UK Investor Magazine.

It has been a busy week for British Politics, and the media has been struggling to keep up with changes to governmental positions. Only a few days back, the cabinet reshuffle was taking place, with MP’s ebbing and flowing from Boris Johnson’s internal government committee. One of the significant departures was Sajid Javid who reigned […]

The post UK Budget set to go ahead on 11th March appeared first on UK Investor Magazine.

Sterling rallied following the resignation of Chancellor Sajid Javid, while FTSE early morning wobbles were compounded by a seismic cabinet reshuffle. The assumption now, it would appear, is that incoming Chancellor Rishi Sunak will be bullied into big spending in next month’s budget, by Boris Johnson and crony Dominic Cummings. Among a growing list of […]

The post Boris – Cummings big spend budget on the horizon? FTSE unsettled by reshuffle appeared first on UK Investor Magazine.