Speculation this morning suggests that Kwasi Kwarteng’s ‘mini-budget’ will unveil a far larger than expected stimulus, with the new government eschewing caution to win the next election. Moves to reverse the 1.25% rise in national insurance and 25% corporation tax rate have been well flagged, but Kwarteng could go further by cutting the 20% income tax rate or VAT. This is despite a deficit already expected to rise to 9% of GDP and risks a collision course with the Bank of England’s efforts to cool inflation.
You can email us with your enquiry by completing the form below.
Warning: The value of your investment may go down as well as up and you may lose some or all of the money you invest. Past performance is not a reliable guide to future performance. Investments denominated in a currency other than your base currency may be affected by changes in currency exchange rates.
Davy Select is designed for investors who are comfortable making their own investment decisions, without financial advice; this is known as “execution-only”. Execution-Only is not for everyone. You should ensure that you fully understand any investment and the associated risks before making a decision to invest. Alternatively, Davy can arrange for you to open a different type of account, where we can advise you in relation to investment decisions, or where we can manage investments on your behalf.
This website does not constitute investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any particular person or persons. Prospective investors are advised to make their own assessment of the information contained herein and obtain professional advice suitable to their own individual circumstances.
J & E Davy Unlimited Company, trading as Davy and Davy Select, is regulated by the Central Bank of Ireland.