Government borrowing will be £175bn this year, equivalent to around 12.4 per cent of GDP. The Chancellor says it will drop to 11.9 per cent of GDP next year, 9.1 per cent in 2011/12, 7.2 per cent in 2012/13 and 5.5 per cent in 2013/14.
Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]
How to make a pot of money last a lifetime- this is the crux of the retirement challenge. While the retirement landscape has undergone significant changes, the fundamentals of the challenge have remained the same but the responsibility for addressing it has shifted from institutions to the individual. Drawdown accounts are now the most popular […]