Spring Statement 2019

Spring Statement 2019

We have pleasure in attaching our summary of the key announcements in the Chancellor’s 2019 Spring Statement. We hope you find it useful and interesting.

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Economic Review – February 2019

Economic Review – February 2019

Welcome to the latest edition of the Economic Review, this article is designed to keep you informed about general updates in the financial sector.

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Shining a light on solar panels

Shining a light on solar panels

With climate change a major political issue, politicians of all persuasions are publicly committed to moving away from carbon-based fossil fuels and towards clean energy in general and renewable energy in particular.  As a part of this movement, the UK government introduced Feed-in Tariffs, which essentially guaranteed an income to people producing electricity from renewable sources such as, but not exclusively, solar panels.  The FIT scheme was launched in 2010 and is due to close to new applications in 2019.

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Savings myths busted

Savings myths busted

Let’s say you need to make a purchase.  You have two options.  Option one is that you take out credit to pay for it and option two is that you use your savings.  In the former case, you will need to pay interest on the money you borrow but in the latter case, you may have received interest on the money, at the very least you will not have been charged interest on it, at most you may have paid a fee for a “premium” current account.  Financially, therefore, it typically makes sense to use savings instead of credit whenever you reasonably can.  This, however, means building up the savings in the first place and that is not necessarily easy.  For some people, it may genuinely be impossible, but hopefully for most, it is possible with a bit of motivation.  If you think otherwise, here are some savings myths busted.

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