Firstly, as this edition is for December and January, I would like to wish everyone a merry Christmas and a happy, healthy and prosperous New Year.
To date, 2022 has been a tough year for nearly everyone, with financial markets generally falling, but with interest rates and inflation rising. Hopefully, 2023 will be better.
Autumn Statement
As I write, the Autumn Statement has just been presented in Parliament. I have to say that it is probably the least Conservative budget in my lifetime, and I am not a spring chicken.
I shall not comment on the details announced, but we all understand that there is a need to pay tax and to repair the UK’s balance sheet. We shall see if these measures are effective over the next few years.
With the tightening of taxation, the freezing and reduction in allowances and thresholds, it has become even more essential that individuals and businesses seek quality independent financial advice. And we are very much open for business and keen to help.
Our clients know that we will work with them and their other professional advisers, solicitor and accountant, with the objective of producing a cohesive financial plan. Ongoing investment monitoring and advice are all part of the package we offer.
We pride ourselves on being friendly and approachable and endeavour to explain the issues and solutions in plain English. We do not limit our clients to just an annual review; our doors are always open.
Action – Seek advice!
If you would like more information, or would like to discuss your own position, then please do not hesitate to contact me…
Peter Rutherford, director at Rutherford Hughes Ltd. Call 0191 229 9600 or email peter.rutherford@rutherfordhughes.com