Government Announces Unprecedented Support…
On Friday Rishi Sunak, the Chancellor announced a huge range of financial packages to help businesses large and small and employees in what is now termed a war footing against this hideous disease. He has promised to protect employees wages for 80%, up to a maximum of £2500 per month to stop companies laying [...]
Market Update – Friday 20th March 2020…
Yesterday we had Boris announcing more and more measures, both monetary and practical. They have said they will do whatever it takes. Markets were positive yesterday and up as I write today. (9.21am) I hear Martin Lewis was offering practical advice on TV last night when worried investors were writing in saying they had [...]
Big “Thank you” to MPA clients…
We are living in strange times. People fighting over toilet roll and rice in supermarkets, retail staff being abused when they are just trying to do their job and peoples lifetime investments taking a pounding in the markets. Our job at MPA has been to try and alleviate worries clients have and come up [...]
Market Update – Thursday 19th March…
Property Funds Close In times of strife commercial bricks and mortar property funds are not the place to be. Yesterday all the funds that were still open closed their doors to investors selling their holdings. According to the press this was down to staff not being able to value the properties regularly, but its [...]
Market Update – Prudential’s PruFund
I had a meeting with a client last week who commented that the PruFund ‘defies gravity’. I explained it doesn’t, but so far it hadn’t been affected by the huge losses on the stockmarkets. I also explained that this is not sustainable but lets wait and see. Well, last night we had our answer [...]
Coronavirus update and its effects on investments…
Last night the UK Government upped its action against Coronovirus by recommending not going on non essential flights, not going out to pubs and restaurants and self isolating if you are over 70, among many other things. The EU countries in the Schengen area are closing down their borders and we are in very [...]
MPA reduce office based staff to reduce risk…
In light of recent government updates, MPA treats the safety of its staff with the utmost importance and as a result has today adopted a plan to reduce the number of staff within the office, with effect from Wednesday 18th March 2020. The Management team at MPA initially held a meeting with each staff [...]
MPA to cease all meetings in the office with immediate effect…
Last night the UK Government upped its action against Coronavirus by recommending not going on non essential flights, not going out to pubs and restaurants and self isolating if you are over 70, among many other things. As a result, the Directors at MPA today called an emergency meeting with the Management team and [...]
Spring Budget – 2020 Summary
Rishi Sunak delivered his first budget yesterday in difficult conditions for the economy with Covid 19 and an oil crisis causing mayhem in the markets, but he seemed to get the balance about right between saving and spending. The main headlines are as follows that affect our clients generally. Income Tax The personal allowance [...]