As we all settle into the summer holidays; the weather, US political picture and markets have been anything but settled. In the US we have seen a big change in the election campaign along with a tough week for US stock markets off the back of last week’s IT outage and a number of poor company financial reports. The UK has seen Rachel Reeves highlight a £20billion black hole in public finances. How will she address this? Well, the money will have to come from somewhere and higher taxation is likely the direction she will look.

Key Articles I Have Read This Week:

• This Is Money highlights that many people are losing money to fees on their pensions. With their headline number being a loss of £1.2billion a year due to higher fees: Read it here

• Staying with the pension theme, Sky News is discussing an increase in people not on track for a ‘minimum retirement lifestyle’. Is there a retirement crisis looming? Read it here

Investment Markets This Week:

Best Cash Interest Savings Rates

If Rachel Reeves Looks to Capital Gains Tax To Fill The £20billion Gap What Would Be Impacted?