Festive Blog

05 December 2018

December 2018 is upon us and it is likely that all eyes will be focused on the important planned vote on the EU Withdrawal Bill in the House of Commons on 11 December 2018.

For many, Christmas is a time for family and friends and we hope you enjoy the festive period. There will be much to discuss and consider over the period as the clock ticks over to 2019 and our exit from the EU (probably!) occurs on 29 March 2019. Hopefully, there will be other things to discuss which may be more exciting. Some are simply looking forward to 21 December, the shortest day of the year, for things to start getting brighter going forward.

As we have noted in previous blogs, we have seen market volatility in 2018 and we anticipate continued volatility in the markets, in part fuelled by exchange rate changes with Sterling, which have been more acute of late than we have seen in recent years. The late October 2018 Budget announcements were focused in part on raising additional funds for the hard-pressed NHS and the Chancellor achieved this through a range of changes, buoyed somewhat by the UK economy's resilience of late, with a reduced deficit of £13bn for 2018/2019. It is good to see that he has increased the personal allowances early from April 2019 and we have detailed this in our recent Newsletter, along with a few other changes announced, which we hope are of interest.

The UK's consumer confidence has largely remained robust in the lead up to the production of this festive Blog and our latest Newsletter has just been produced. Please do let us know if you would like a copy.

We would like to thank you for your support over 2018 and we look forward to helping you further towards the end of this tax year and into 2019.

2018 has been a good year for Chapters Financial, with many client and contact referrals, and we are always grateful for these recommendations.

Happy Christmas and a peaceful and prosperous New Year from all the team at Chapters Financial.