Introduction On 30th October, Chancellor Rachel Reeves gave no indication that the government would extend the current stamp duty threshold for first-time buyers (FTBs), which is due to expire in March. This scheme sees first time buyers pay no stamp duty on home purchases below £425,000, an increase from the previous £300,000, although this...
On Wednesday, October 30, 2024, Chancellor Rachel Reeves presented her Budget, committing to “invest, invest, invest” as a strategy to fuel growth and “bring back economic stability.” We have prepared a Budget Summary which provides an overview of the key announcements arising from the Chancellor’s 2024 Autumn Budget. The Summary includes helpful notes to assist you in...
With the Budget coming on 30th October, speculation is increasing on what changes will be announced. The Chancellor and the Prime Minister have made comments to indicate that the Budget will bring “difficult decisions”. The Chancellor reported shortly after taking office that there was a £22bn “black hole” in public spending inherited from the...
Winning the Accountancy Firm of the Year at the Corporate Finance Awards is a remarkable achievement that reflects more than just technical expertise—it highlights the dedication, teamwork, and collaborative spirit of the entire firm. Such recognition not only affirms the quality of work delivered to clients but also underscores the strength of the internal...
Stepping onto the property ladder can be overwhelming, so we have provided an overview of a range of borrowing schemes to help you secure the home you’ve been dreaming of. Our experts are here to guide you through every step of the process, ensuring you find the right mortgage product tailored to your financial...
Despite interest rates falling for the first time since the initial Covid lockdown in March 2020, borrowing costs remain high. What are interest rates, and why do they fluctuate? An interest rate indicates the cost of borrowing money or the return on saving it. The Bank of England adjusts rates to manage UK inflation,...
We have been talking for some while in our quarterly valuation letters about limiting exposure to expensive equity themes, such as large cap US technology companies, and the importance of broad diversification in underlying equity exposure. Movements in equity prices on Monday this week are a good example of the extent to which prices...
Stock markets continued to rally in the second quarter led by the US market. The S&P 500 rose by 4.21% to reach a historical high of 5,460. Outside the US, UK and Emerging Markets equities also performed well, up 3.6% and 5.0% respectively in the quarter. Europe (ex UK) equity markets were performing well...
Following the King’s Speech last week, PK Group have provided an overview of the government’s plans and priorities for the coming year. The Speech outlines the legislation that ministers of the new government aim to pass and while it’s delivered by the King, it’s actually drafted by the government on the day. Overview The...
PK Group are delighted to have been shortlisted for a number of awards. CEO, Patrick Kennedy, states “These fantastic accolades across all segments of our business are testament to the PK Team’s professionalism, hard work and dedication.” The awards that we have been shortlisted for are: Employee Benefits – Best Group Health Insurance Advice...