Welcome to our May newsletter,
With Spring in full swing, let’s enjoy some fun facts about May before heading into the monthly news: the month launches with May Day, celebrated in England for over 2,000 years and traditionally involving morris dancing, crowning a May Queen and dancing around a maypole. In 1545, a 100 foot high maypole was constructed; this was later purchased by Sir Isaac Newton to prop up a telescope… that’s Renaissance recycling for you!
In the world of finance, the Bank of England has raised growth forecasts to 1.5% for 2019 and is keeping interest rates at 0.75%. The bank is also expecting house prices to fall by 1.25% due to Brexit uncertainty. The government is also on the lookout for a new bank governor and is hoping to secure a name this autumn, as Mark Carney will step down next on 31st January 2020.
Let’s enjoy the rest of Spring then with a couple of in-depth reads.
We hope you enjoy this month’s content.
3 tips to avoiding inheritance tax
Benjamin Franklin famously said, ‘In this world nothing can be said to be certain except death and taxes’. And if your estate is valued at over £325,000, everything above this figure will be taxed at 40% when you die
May Market Commentary
First the good news. None of the leading world stock markets on which we report in this Bulletin fell in April. With just one exception – China – all the markets made gains, with the German DAX index leading the way.