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These disappointing figures fuelled speculation that interest rates will not rise until 2016 at the earliest having been frozen at 0.5 per cent since March 2009. 

The expectation that rates will stay lower for longer has been encouraged by the low-inflation environment. The UK March consumer prices index rate of inflation stayed at the 0 per cent recorded in February – despite forecasts falling petrol prices and the supermarket price war would turn the rate negative.

The impact of very low interest rates continues to reverberate around the financial system. For example bond markets are showing signs of increasing volatility and can no longer be relied to be either a safe haven or a predictor of economic activity. Companies are buying back shares using cheap loans rather than investing for the future, whilst certain badly run hedge funds are taking excessive risks with borrowed money and leaving their investors with the downside when things go wrong. 

With little hope for savers that their money will earn them a good rate of interest sitting in a Bank, or invested in government bonds, be it in the UK or Europe , now is the time to speak to the investment specialists at Blacktower. We are here to help you find the right solution to make your money work for YOU.  

by Christina Brady, Regional Manager Costa Blanca

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Expat Campaigners Close in on Frozen Pension Change

BubblePensions, whether private, workplace or state, are essential to the retirement planning of UK expats all over the world, whether they live as close to the UK as the Netherlands or Norway or as far away as Grand Cayman or the Grand Canyon.

However, around half a million British expats suffer a pensions shortfall of as much as £4,000 a year simply because they have chosen to live in a country or region without a reciprocal agreement with the UK and their pensions have been frozen.

Many of them feel it is unfair that they have no choice but to live on a lesser income or to take steps to redress the situation by consulting their expat financial advisers for inventive solutions. But, things may be about to change as MPs have created a parliamentary alliance to change the expat pensions law.

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No More Tax Exemptions

No More Tax ExemptionsHands up if you still own a property in the UK, but have residential status in Tenerife, or indeed anywhere else in the world?  

If you’re one of the many thousands of expats, who decided to keep a foothold in the UK property market, ´just in case´, then potentially, you may well be out of pocket when you decide it´s time to sell.   This is yet another one of the latest steps in a series of significant changes affecting the taxation of UK residential property in recent years.   Up until the 6th of April 2015, non-UK residents have always enjoyed being exempt from Capital Gains Tax (CGT) on private residences, and also had the right to claim Private Resident Relief… regrettably for many, this is no longer an option – the rules have now changed!  Capital Gains Tax (CGT) has been extended to non-UK residents with effect from the 6th of April this year.  

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