November 2025 Budget Update
BUDGET UPDATE 2025 After months of speculation, UK Chancellor Rachel Reeves presented the Autumn Budget on 26 November, unveiling a substantial £26 billion package of tax increases, alongside targeted spending measures. Her aim? To address the UK’s persistent inflation, rising [...]
Market Update – October 2025
Executive Summary The International Monetary Fund (IMF) upgraded its global growth forecast to 3.2% for 2025, but warned that the outlook remains fragile. The Bank of England held its base rate at 4.0%, citing sticky inflation and the risk of [...]
Market Update – September 2025
Executive Summary Fed cuts rates for the first time in 2025, easing to 4.0–4.25% as inflation moderates. U.S. tariffs face Supreme Court scrutiny, adding policy risk and market volatility. UK holds base rate at 4.0%, citing sticky inflation; QT scaled [...]
Market Update – August 2025
Tariffs take centre stage again The U.S. stock market lost momentum in early August, retreating slightly from July’s all-time highs as investors grappled with renewed tariff uncertainty. President Trump announced that the “blanket tariff” proposal remains under consideration, despite widespread [...]
Market Update – July 2025
The U.S. stock market has risen by over 25% since the 8th April, reaching a new all-time high. The rally began when President Trump announced a deferral of the tariffs he had introduced on the 2nd April. However, the significance [...]
Market Update – June 2025
It’s been an eventful few weeks. In the last few hours while writing this, it seems a tenuous ceasefire has been agreed with Israel and Iran. After 10 days of tit for tat missile and rocket exchanges, the oil price [...]