As the summer heat intensifies, with temperatures soaring and the nation (well me at least) gripped by Olympic fever, there's also significant economic news that could cool down some financial concerns for borrowers in the UK. The Bank of England has recently cut the base interest rate to 5%, a move that promises some relief for mortgage payers and borrowers alike.

Interestingly, the Bank of England have made their move before the US Fed, who are now in a position where the investment markets are reacting negatively to their decision to hold interest rates level. There’s mounting pressure for the US Fed to cut interest rates, possibly by as much as 1.75%, over the next year to avoid a recession.

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Key Articles I Have Read This Week:

• The BBC covering what taxes Rachel Reeves may look to raise. It’s all still speculation but if you think you might be exposed to any of the suggestions, early planning could help : Read it here

• Sticking with the BBC, with interest rates being cut yesterday, what does this mean in terms of inflation? Read it here

Investment Markets This Week:

Cash Savings Rates

It’s Hot 😁 😎. I know that thinking about money/investments/pensions isn’t enticing when the sun is out but if you (or someone in your circle) is worried about money, maybe reach out to me……