7 June 2017 - In This Issue:
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BlackStar Wealth News
Welcome to the June issue of BlackStar Wealth News. 

 

With the election just around the corner there is little good news on the future of income tax! Social care funding is revisited and a look at the unfinished business the government has to deal with after the election.

 

As always do not hesitate to contact us if you have any queries on these or any of the other subjects raised in this issue of Wealth News.
 

 

 

T: 0121 270 7342

E: info@blackstarwm.co.uk

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2017 election: income tax revisited
The 2017 election manifestos offered little good news on the future of income tax.
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Judging by the manifestos of the three main political parties, the days of appealing to voters by cutting income tax (and its alter ego, national insurance) are over: ...
 
The Bank of England has a slight change of heart
The latest Quarterly Inflation Report (QIR) from the Bank of England has been published and shows that 'the Old Lady' has changed her mind a little.
pensieve-computer-lady.jpg But the market projections for short-term interest rates don't make for helpful reading for those with cash deposits.
 
The QIR was published in May, a few days before the Office for National Statistics revealed that in April, CPI inflation was running at 2.7%, 0.7% above the Bank's target. ...
Revisiting social care in the election campaign
The general election campaign provided a reminder that the issue of funding social care remains unresolved.
old-man-woman.jpg Who pays how much for long term care in England came to the fore last month. It is one of those subjects which successive governments have repeatedly kicked down the road.

Nearly 20 years ago the then Labour government established a Royal Commission to examine the problem.

FTSE at 20,000
No, it's not a mistake, but it is not the FTSE 100, either.
London_looking_up.jpg The most frequently quoted index of UK share prices is the FTSE 100 index, or the "Footsie" as it is frequently described.
 
The FTSE 100 index was launched at the end of 1983, with the aim of giving a yardstick to the value of the largest 100 companies listed on the London Stock Exchange.

And after the election...
There is unfinished business for the new government to deal with.
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Past performance is not a reliable indicator of future performance.
 
However, when it comes to general elections, there is plenty of history to suggest that tax increases are more likely in the first Budget to occur after the polls have closed.
  
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