Chancellor announces new Covid-19 economic support – everything you need to know

Back in July, Chancellor Rishi Sunak announced a second range of measures designed to protect the economy through the Covid-19 pandemic. His next update was scheduled to be the Autumn Statement in the coming weeks. However, given the newly imposed Covid-19 restrictions and economic uncertainty, the Budget has been cancelled. In a statement sent to the BBC, a spokesperson for the Treasury said: “As we heard this week, now is not the right time to outline long-term plans – people want to see us focused on the here and now. “So, we ...

5 finance basics to teach your children

Managing your personal finances can be tricky. HMRC rules and regulations, tax thresholds, and tapered allowances are complicated and that’s the reason we’re here. Advice is important at all stages of life but receiving professional help when you’re just starting out – beginning your career or moving away from home – can lead to the biggest impact in the long term. Money is important to our standard of living and our general wellbeing and there are simple lessons we can pass on that could make all the difference. Here are five financial ...

Your guide to National Savings and Investments

Back in January, we asked ‘Do Premium Bonds make a good gift for children?’ But National Savings and Investments (NS&I) offer other products too. What are they and should they hold a place in your portfolio? A brief history of NS&I First though, a brief history. Established in 1861 and formerly known as the Post Office Savings Bank and National Savings, NS&I currently has 25 million customers and investments worth £167 billion. By investing in NS&I you are effectively lending money to the government. It is this that accounts ...

Bull and bear markets explained

The year so far has seen the end of a decade-long bull market, the start of a bear market, and a potential bear market rally. But what do these terms actually mean? And how do they impact on your investments and your long-term financial plan? What are bull and bear markets? First off, some definitions A bull market – The general rule of thumb is to look for movements in investment prices of 20% or more in either direction, held over an extended period. Rising prices signify a bull market. A bear ...