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Wealth Newsletter – Summer 2019

Posted on 30 July, 2019

PENSIONERS ADOPTING A PRUDENT APPROACH Back in April 2015, when the new pension rules were introduced, fears were expressed in some quarters that pensioners would empty their pension pots and splurge their cash on extravagant luxuries such as Lamborghinis. However, this simply didn’t happen to any great degree. Whilst the total value of pension withdrawals […]

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Economic Review – July 2019

Posted on 29 July, 2019

PAY GROWTH STRONGEST IN A DECADE The latest batch of labour market statistics shows that UK workers’ basic pay is now growing at the fastest rate in nearly 11 years. According to data from the Labour Force Survey, average weekly earnings, excluding bonuses, rose by an annual rate of 3.6% in the three months to […]

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Residential Property Review – July 2019

Posted on 28 June, 2019

Average earnings of £54,000 required to buy a home in the city Property website, Zoopla has released data to show that first-time buyers now need an average income of £54,000 to purchase a typical property in a UK city. This average income figure has risen by 9% since 2016, largely due to higher property prices. […]

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