Latest inflation figures
And so, inflation continues to alter. In the UK price inflation, as measured by the Consumer Prices Index (CPI), has dropped to 3.4% for the year to May with falls in the prices of food, non-alcoholic drinks and petrol. This is a fall from 3.7% and is bigger than expected.
CPI annual inflation – the Government’s target measure – was 3.7% in April, up from 3.4% in March. The largest factors to the change in the CPI annual rate between March and April came from the rise in prices for clothing and footwear, food and non-alcoholic beverages and alcoholic beverages and tobacco.
Why are house prices still rising?
It’s no surprise to hear that the country’s finances are ‘in a mess’. It is surprising to learn that house prices continued to rise in May and are now just 9.5% below the October 2007 peak, according to figures from Nationwide.
Can you throw a tax free party for your employees?
So if Chelsea do the double (come on you Blues), or heaven forbid England do well in the World Cup, can you throw a tax free party for your employees?
How good is your disaster recovery plan?
Most people understand the need for backing up their computers on a daily basis and even making sure another copy is kept off site to make sure data is kept safe in the event of computer breakdown, flood or fire. Most sensible business owners have contingency plans in place to cover many eventualities with regard to running their business properly. Nearly everyone has home and contents insurance.
Inflation and Bank interest rates
The Office for National Statistics has just reported that the consumer price index fell from 3.5% in January to 3% in February. This adds weight to the Bank of England’s view that price pressures will continue to fall this year as the recessions continues to drive a fall in demand and consumer spending. Further drivers were falls in gas prices and lower rises in food prices.
Pre-nuptial and post-nuptial agreements
Yesterday I held a meeting with one of the law firms we have done a lot of business with over the last few years with regards to trusts, Inheritance tax and Estate planning. However this meeting was with one of their family law divorce lawyers and the main topic under discussion was pre-nuptial and post-nuptial agreements.