We gained a new prime minister and coalition government on 11th May and they have tasked themselves with reducing the deficit – a move which was welcomed by the CBI and Institute of Directors. The emergency budget will be held on June 22nd.
UK Growth figures have been revised upwards to 0.3% for the first quarter of this year. The last month has seen some turbulence in the global markets which this morning, are showing signs of recovery.
All of the funds in our model portfolios have maintained their strong ratings with UK and Global property continuing to outperform. Our UK Property fund, Ignis, has now returned 17.8% over the last 12 months and continues to rise steadily.
The next quarterly fund review is in July where we will once again email our Wrap clients.
Wrap update june 2010
The end of the 'cheap mortgage'
Linton Chiswick questions whether the regulator is about to call time on the last remaining ‘cheap mortgage’.
more »Halifax denies 81 year old woman access to her account for three months
After removing the wrong name from an elderly couple's account, Halifax said it could not correct the error because 'the department handling the matter was closing'.
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