Kyle Caldwell

Hammond blames Brexit uncertainty as economy stalls

Chancellor Philip Hammond blamed Brexit uncertainty for the UK economy expanding at its slowest annual rate in six years.

Figures released yesterday by the Office for National Statistics (ONS) showed GDP growth at 1.4% in 2018, down from 1.8% in 2017. For the final three months of 2018, GDP growth slumped to 0.2%, down from 0.6% in the third quarter.

Property wealth will be increasingly sacrificed to pay for social care

The looming social care crisis will lead more and more individuals in later life to tap into their property wealth in order to pay care bills.

The prediction was not made by an objective source, as it followed on from findings in a report released by Key, the UK’s leading equity release provider, but the point made is a valid one as to date there has been a lack of solutions from the government.

Remove jargon, City watchdog tells fund managers

The Financial Conduct Authority (FCA) has set out new rules that will require fund managers to use “consumer-friendly language” and stop using jargon in fund literature.

In turn, this will make fund objectives “more useful to investors”, the FCA notes.

Are premium bonds a good investment for children?

The British public has long had a love affair with premium bonds, but the figures show that buying premium bonds for children or grandchildren is likely to be an unrewarding relationship. My own experience is a good example: I have a few hundred pounds in premium bonds from my late grandparents. Over about 20 years, I have won £50.