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Government debt crosses the £2,000,000,000,000 barrier

Yes, you did count correctly – there are twelve zeroes after the two. Another month of Government borrowing above £20bn has pushed total Government debt over the £2tn level for the first time.

 

S&P 500 at a record high – so should we party like it’s 1999?

Where were you at the turn of the millennium? When the dot-com bubble burst? Well on Tuesday 18 August, the S&P 500 crept up by 0.23%. It was enough to bring the reading on the index to just above the previous high that it had hit nearly six months previously, on 19 February. In between those two peaks there was a fall of 33.9% to 23 March followed by a rally of 51.5%. The obvious question is why? The USA economy today is much less healthy – in all senses – than it was in February.

 

An update on the UK Gilt market

While the focus has been on gyrating share indices, something interesting has been happening in the UK Government bond market.

 

LISA exit penalty temporarily cut

On Friday 1 May, the Treasury announced that it would legislate to reduce the penalty to 20% between 6 March 2020 and 5 April 2021 (inclusive). The timing means that anyone who has cashed in since 6 March 2020 is due a refund.

 

Lexo are certified in Cyber Essentials

Lexo are proud to announce that it has achieved certification from Cyber Essentials, and is recognised as being dedicated to cyber security. The business complies with the government-backed cyber security standard, offering reassurance to both clients and colleagues alike.

 

Navigating the Coronavirus – Part 2

This week the Dow Jones Industrial Average (The Dow), which is the oldest U.S. stock market index, posted its biggest single-day percentage gain since 1933, up over 11% in one day! Volatility both ways (up and down) remains off the charts with all of the year’s best and worst days happening in March… So what is happening?

 

Navigating the Coronavirus

What a difference a fortnight can make!  I last wrote a couple of weeks ago and over that time we have seen the global effects of the Coronavirus, so I thought I would write again to keep you updated. I am sure you are well aware there is a global pandemic with over 183,000 cases […]

 

The 2020 Budget in a nutshell

Aside from the global and economic challenges, we provide a brief overview of what we believe will be of most importance and relevance to financial planners:

 

January Inflation Numbers

The CPI for January showed an annual rate of 1.8%, up 0.5% from December. Read this article to find out where the inflation increased and decreased during this period.

 

Rumours of pension tax relief cuts are not going away

In the run up to most Budgets it is common to hear rumours suggesting some form of cut to pensions tax relief, however, this year it seems more likely than usual. Discover how to maximise higher rate relief before the tax year end.

 

 
 

With investment, your capital is at risk. The value of your portofio with Lexo can go down as well as up and you may get back less than you invest. It is important that you understand the risks. Lexo aims to provide information to help you make your own informed decision. It does not provide personal advice based on your circumstances. If you are unsure, please seek personal advice from Lexington Wealth.

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