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Truewealthifa.co.uk news digest

  • 9 years

    Economy Recovers!

    Today, the Office for National Statistics announced that Britain’s economy has recovered the losses caused by the financial crisis and surpassed its pre-recession peak in the second quarter of the year, by posting a growth rate of 0.8%. The first estimate...

  • 9 years

    House prices in London continue to climb

    Robert Gardner, Nationwide’s Chief Economist, said:
    “The price of a typical UK house rose by 2.9% in Q2, after allowing for seasonal effects. Prices were up 11.5% compared with the same quarter of 2013.
    “Annual house price growth accelerated to 26% in London, far outpacing the rest of country, and the highest growth rate since Q3 1987. Prices in the capital are now 30% above their 2007 peak, with the price of a typical London property now in excess...

  • 9 years

    Interest Rates Rising !

    Yesterday, Bank of England governor Mark Carney gave us the biggest hint yet that interest rates may rise a lot sooner than many industry commentators had predicted. Following the announcement earlier this week that unemployment figures had dropped yet...

  • 9 years

    New ISAs: Great News For Savers!

    A welcome surprise for savers in the March Budget was the relaxation by the Chancellor of the rules governing tax-free ISAs (Individual Savings Accounts).
    The essential message is that from 1 July 2014:
    ISAs will change into a new, simpler product, the ‘New ISA’ (NISA), with an annual investment limit of £15,000 (an increase of £3,480 over the 2013/14 figure);...

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