Who are the winners and losers from Mark Carney’s interest rate announcement?

Autumn Statement 2012 Winners & Losers_istockThe phrase ‘forward guidance’, introduced into the financial dictionary earlier this week by Mark Carney, the new Bank of England Governor, sounds innocuous enough. But for better or worse, it will soon affect each and every one of us over the next few years. First things first, what does ‘forward guidance’ mean? Put simply, the Bank of England’s Monetary Policy Committee (MPC) is tasked with keeping inflation at 2%; not higher, not lower, but at ...

Budget 2013: Winners and Losers

Investment Sense Verdict_istockToday’s Budget included a wide range of measures which will affect us all; but were you a winner or a loser? For once there seems to be more winners than losers. However, with so many announcements, changes and alterations it might be a case of ‘swings and roundabouts’. Read on to find out if you have gained more than you have lost. Winners Tax-payers The Personal Allowance, the amount which can be earned before tax is paid, will increase to £10,000 from April 2014, a year earlier than ...