October 2024 Newsletter

Welcome to the October edition of our e-newsletter which we hope finds you well!

As the leaves are truly turning red and brown then it’s a sure sign we are now firmly in the last quarter of the year but there is no slowdown in the financial world with some major events on the horizon – the UK budget and the US election to name but two of the biggest – with both likely to have an effect on domestic and global finances.

Whilst there is always a sense of doom and gloom around these events and how they can affect us, there are always opportunities that present themselves and we are sure that it will be no different this time around. At ML, we will be studying the detail of these events to remain on the front foot and ready to act to put our clients in the best possible position as we continue to work with you to achieve your financial objectives.

So, with the budget, the US election and Halloween still to come we are aware that this can be a ‘scary’ time for some of our clients given the uncertainty that surrounds some of these events, so I just want to take this opportunity to reassure you that we have evaluated a number of different scenarios and outcomes (for the budget and US election not Halloween) and believe we are well equipped to deal with the most likely outcomes, having a variety of plans and strategies we can turn to when we know the full detail.

Significant events aside, in our latest edition of the newsletter, we start with the ever present market commentary which is followed by a budget preview. We follow that with news on how the triple lock will once again benefit pensioners and we share news of a new addition to the team in the ever popular ML News section. Finally, we share our thoughts on whether interest rate cuts are always good news.

We hope that you enjoy reading all of our articles this month and, as always, should any of our articles or forthcoming events prompt any questions or indeed if there is anything that you feel we can help you with then please do not hesitate to get in contact.

Kind regards

Craig McClurg
Director & Independent Financial Planner

Quote Of The Month

“Financial freedom is available to those who learn about it and work for it”

Robert Kiyosaki

October Market Commentary

The Fed cut interest rates in September which, despite the Bank of England holding at 5%, is now expected to be the direction of travel for much of the developed world as it returns to some form of...

Budget 2024 Preview

Rarely has a budget created so much media attention. It is the Labour Party and Rachel Reeves' first budget in power. Leaving so long between announcing the date and delivering the budget was possibly...

ML News

News and views from the ML Offices...

Triple Lock Benefits Pensioners Again

Pensioners will be handed an extra 4.1% per annum via the state pension in April 2025, thanks to the 'triple lock'. The triple lock is a government policy which means the state pension increases every...

Are Interest Rate Cuts Always Good News?

Cuts to interest rates are a key financial news theme in 2024 and we don't expect that to change in 2025. Many central banks across the world are looking to reduce interest rates as inflation figures slowly...

OUR NORTHAMPTON OFFICE

Whilst our Northampton office hours are largely the same as our Head Office in Wymondham, there are occasions when it is unmanned during the working week.

We would love to see you though – so if you do not have a meeting booked in at our Northampton office, but are thinking of popping in to see us or to drop something off to us, then please give us a call on 01953 711123 to check that there will be someone in the office for when you plan to visit.

Thank You