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Search resuls for: "Interactive Investor"


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☆ FTSE 100 climbs ahead of Hunt's fiscal plans
  + stars: | 2022-10-17 | by ( Sruthi Shankar | ) www.reuters.com   time to read: +2 min
The blue-chip FTSE 100 index (.FTSE) gained 0.5%, while the domestically focussed FTSE 250 index (.FTMC) climbed 0.6%. The pound jumped 0.8% and government bonds rallied ahead of Hunt's announcement at 1000 GMT, which is expected to detail plans to raise taxes and spend lesser than previously planned. read more read moreRegister now for FREE unlimited access to Reuters.com Register"The markets have reacted positively to Hunt's expedited timeline, which alleviates some of the fiscal uncertainty," said Victoria Scholar, head of investment at Interactive Investor. Truss on Friday reversed some of the tax cut measures, and replaced Kwasi Kwarteng with Hunt. Meanwhile, the Bank of England (BoE) on Friday concluded its emergency bond purchases aimed at supporting the gilts market.
☆ What do tax cuts and market chaos mean for young Brits? 3 experts give their advice
  + stars: | 2022-10-03 | by ( Sophie Kiderlin | ) www.cnbc.com   time to read: +4 min
His plan includes widespread tax cuts, fewer rules and regulations for businesses and the removal of a cap on bonuses for bankers. Google searches like "do the tax cuts help me" skyrocketed, while outrage was rife on social media. Do the tax cuts equal more cash in hand? The majority of first-time buyers fall below this threshold and therefore won't benefit from the cuts, Jobson said. "The change mainly benefits high-earning first-time buyers and those with sufficient backing from the bank of mum and dad," he added.
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