Month: July 2024

What does a potential interest rate cut mean for me?

Have you noticed higher borrowing costs or better returns on your savings recently? The Bank of England (BoE) increased the base rate 14 times from December 2021 to August 2023, keeping it at a 16-year high of 5.25%. Higher interest rates can curb inflation by encouraging saving over spending. Despite inflation hitting the government target

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How have markets performed so far this year?

We are now over halfway through 2024, so it’s a good time to look back at what’s been happening in the market over the past six months. Many concerns that worried investors at the start of the year, like inflation, interest rates, and the outcomes of key elections, are still not settled. There’s also ongoing

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