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In our regular feature Seven Investment Management (7IM) look forward to what the month ahead might hold.
United Kingdom - Fixed Income
Outlook
Key Issues
The IMF studied past fiscal retrenchments internationally and found that those countries that focused, not on tax increases, but on spending cuts, especially “transfers and public wages”, were most effective.
Countries that followed this tough path enjoyed better growth and lower unemployment over 5-8 years. The IMF believes that the UK’s spending plans are consistent with the key qualities of past ...
In our regular feature Seven Investment Management (7IM) look forward to what the month ahead might hold.
United Kingdom - Fixed Income
Outlook
Key Issues
The IMF studied past fiscal retrenchments internationally and found that those countries that focused, not on tax increases, but on spending cuts, especially “transfers and public wages”, were most effective.
Countries that followed this tough path enjoyed better growth and lower unemployment over 5-8 years. The IMF believes that the UK’s spending plans are consistent with the key qualities of past ...
November 30th, 2010
Banks have written off a smaller sum of credit card debt owed by consumers who cannot meet repayments than in previous years.
A smaller amount of debt, owed by hard-hit credit card borrowers, has been written off by banks.
Credit card write-offs have fallen sharply indicating that more borrowers may be in a better position to pay back their debtors.
Figures revealed from the Bank of England show that £740 million was written off in the third quarter of this year, which is the lowest since the first three months of 2008.
November 30th, 2010
We are often asked by clients when should they commit to buying an Annuity.
If you are approaching retirement or thinking that it may be time to stop working sometime soon then it's important not to underestimate the timing of this crucial purchase. We thought we’d take a look at some of the reasons why you might by your Annuity now and also some possible reasons why you may want to delay the purchase.
November 29th, 2010
Property prices dropped again this month.
Homes in England and Wales have dropped in price for the second month in a row.
House prices fell by 0.8% in October marking the second consecutive period where month-on-month prices dropped, according to the Land Registry.
The report showed that the average house price now stands at £165,505 with Yorkshire and the Humber experiencing the largest drop - prices in the northern region fell by 1.8% leaving the average property valued at £126,292.
November 29th, 2010
