We are likely to borrow c.£300bn in 2020/21 on top of the current c. £1.8trn that we already owe. The huge cost of the Covid-19 measures will initially be met by borrowing, but what more can be done to repay this debt?
The public sector net borrowing requirement (PSNBR) in April 2020 is estimated to be the highest borrowing in any month since records began in January 1993. These numbers show the first impact of Covid-19 on the Government’s finances. So What is the cost likely to be? and how will the government pay for it?
The headlines are now turning to the future looking at how deep a recession may be and the shape of the economic recovery. We can only wonder how the economy will recover and how long it will take. Many experts talk of the ‘shape of the recovery’ using names such as V U W or L to name a few.
During this unprecedented time – we have two guides available provided by CISI that have been put together the leading financial planners in the UK to help you think about your finances.
The asset allocation or the investment mix of a portfolio is designed to meet an appropriate risk profile of an investor and typically consists of Global Equities and Global Bonds. Rebalancing a portfolio is the process of bringing the current asset allocation back into line with the original or intended asset allocation.
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.
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?
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 […]