MHA Caves Wealth

🎉 From all the team at MHA Caves Wealth, we wish our clients, contacts, and communities a very Merry Christmas and a prosperous New Year! We look forward to seeing you all in 2025! ✨ #MHA #PeopleFirst #MerryChristmas

Data released by the Office for National Statistics earlier today showed the UK economy shrunk by 0.1% in October - a stark contrast to the expected increase of 0.1%. Sterling declined 0.3% against the dollar, and the two-year gilt yield fell 0.02%. This is the third month since Labour won the general election that the UK economy has fallen, piling pressure on a new government that had put growth at the centre of its election campaign. Find out what else has been shaking the markets this week: https://bit.ly/4fn8TgB #Investments #Inflation #UKEconomy

This week, according to a post on his own social media platform, Donald Trump has pledged to impose tariffs on imports from Canada and Mexico of 25%, and China an additional 10% on top of current levies, from his first day in office. In reaction, the Canadian dollar fell 0.9% against the US dollar to a four-year low, whilst the Mexican peso declined 1.3%. China’s onshore yuan did not react as dramatically, falling just 0.1%. This could be just the start of what’s to come, as Trump’s presidential campaign focused on sweeping tariffs to try to protect US-manufactured goods, and now seemingly to be used as a way to force countries to stem the flow of illegal immigration and drugs into the US. Find out what's been been moving the markets elsewhere this week: https://bit.ly/4i4Ewyl #InvestmentMarkets #Investment #Inflation #GlobalMarkets #Tariffs #Business

Official data released on Wednesday by the Office for National Statistics showed a sharp increase in UK inflation, making it highly unlikely that the Bank of England will lower rates again before early 2025, following the quarter of a percentage point cut earlier this month. UK businesses have reacted badly to the new policies announced in the Autumn Budget, as business activity slumped to a 13-month low this month. The S&P Global flash UK PMI, which measures the health of manufacturing and services, fell to 49.9 in November, down from 51.8 in October. A figure below 50 indicates the majority of businesses have reported a decline in activity. The pound fell 0.6% against the dollar at $1.251, the weakest level in six months. Read the full market update here: https://bit.ly/3ZkleNW #InterestRates #ConsumerPriceIndex #investments #inflation #UKEconomy

Naturally, the big news of the week was Donald Trump’s historic victory in the US presidential election, which saw US stocks hit record highs. Just two days after the US presidential election, the Federal Reserve cut its benchmark interest rate by a quarter of a percentage point to a target range of 4.50% to 4.75%. Back in the UK, the Bank of England cut interest rates by a quarter of a percentage point to 4.75%. However, the BoE signalled there would be no further rate cuts before early 2025 as it assesses the impact of Rachel Reeves’ Autumn Budget measures. Read how these latest developments have affected investment markets: https://bit.ly/3YXEjW2 #USElections #StockMarkets #Inflation #InterestRates #AutumnBudget2024 #UKBudget2024 #UKEconomy

Pensions were brought sharply into focus by the Chancellor in her Autumn Budget this week – but don’t panic, pensions are still generally the most efficient way to save for retirement, and for higher earners could still be one of the more efficient ways to pass on assets. Our financial adviser Dominic Thackray BSc DipPFS explains the key changes to be aware of ➡️ https://bit.ly/40v09l4 #Pensions #Businesses #BusinessPropertyRelief #TaxReliefs #CapitalGainsTax #Tax #FinancialPlanning #Investments #BudgetMatters #AutumnBudget2024 #UKBudget2024

The MHA team have highlighted the key tax changes announced in today's Autumn Budget - check it out here 👇

It's Autumn Budget Day! What will it mean for you? We'll be monitoring all the latest tax reforms announced by the Chancellor today. Follow us for expert insights and analysis you won't find anywhere else. Stay informed and stay ahead: https://lnkd.in/ehSftzNi #AutumnBudget2024 #UKBudget2024 #BudgetMatters

Check out the Autumn edition of Caves Quarterly! With the latest updates and insights from the worlds of investment and financial planning, we’ll help you navigate the feverish speculation surrounding the Autumn Budget. We also look at the impact of the upcoming US election on the behaviour of global economies and investment markets in the run up to the end of the year. Don’t miss it! 💡 https://bit.ly/4eSsSEB #Investments #Economy #FinancialPlanning #AutumnBudget #UKBudget2024

What's been moving the markets this week? Find out in our Weekly Market Update, your quick-fire update on key investment and market news! https://bit.ly/3YxagVa #investments #stocks #economy #inflation #consumer #interestrates