Joe Anderson

I am a Restricted Financial Adviser within True Potential Wealth Management LLP. FCA Firm Reference Number 529810.

[True Potential @TruePotential_]

Today, Chancellor Rachel Reeves delivered her Spring Statement which included updated forecasts from the Office of Budget Responsibility (OBR) and policy announcements.

To help give you an understanding of what this statement could mean for your money, we’ve highlighted the six key figures.

#Labour #SpringStatement #RachelReeves

[Wiltshire Senior League @WiltsLeague]

Tonight's results in the North Wiltshire Veterans' Division of the @corshamprint Wiltshire Senior League saw 3-0 wins for both @CoateFcVets & @SwindonRovers. The win for Nationwide saw them move top of the table. @YSswindon @swsportsnews

[True Potential @TruePotential_]

The initial market impact of Donald Trump’s election victory:

- The Republican’s winning the House should give Trump a much wider scope for any planned economic reforms.

- Equity markets have responded positively to this, mainly because of Trump’s last term where he reduced corporate tax rates.

- Fixed income markets have reacted negatively however, as markets anticipate more government borrowing.

#Investing #USElection #DonaldTrump

[Wiltshire Senior League @WiltsLeague]

Roundup of this week's action in the Veterans' section of the @corshamprint Wiltshire Senior League, where the main focus was on the Second Round of the Wiltshire County FA's Veterans' County Cup, is now on the League Website. @swsportsnews @YSswindon
https://t.co/EgdkhOKCrS

[Wiltshire Senior League @WiltsLeague]

Another good night for the North Wilts Division of the @corshamprint WSL in the @WiltsCountyFA Vets' County Cup as @CoateFcVets secure a big win over @CTYardDogs from the MW Division. Penhill United & Chiseldon also join @Cricklade_Town & @TrowTownFC Tigers in the Q-Final.

[True Potential @TruePotential_]

There has been no announcement regarding a reduction to the 25% tax-free lump sum withdrawals on pensions.

#AutumnBudget

[True Potential @TruePotential_]

The Stamp Duty Land Tax surcharge when purchasing a second property will increase from 3% to 5%, effective tomorrow.

#AutumnBudget

[True Potential @TruePotential_]

On Employer National Insurance, Reeves has announced an increase from 13.8% to 15% from April 2025.

The ‘secondary earnings threshold’ for employers to start paying National Insurance will also reduce from £9,100 to £5,000.

#AutumnBudget

[True Potential @TruePotential_]

The minimum wage or 'National Living Wage' will increase to £12.21 per hour in 2025, for those aged over 21.

Meanwhile wages for those aged 18 - 20 will see an increase to £10 per hour.

#AutumnBudget

[True Potential @TruePotential_]

The State Pension Triple Lock increase is confirmed at 4.1%, giving pensioners up to £470 more per year in 2025/26.

#AutumnBudget

[Glastonbury Festival @glastonbury]

Here is the first Glastonbury Festival 2024 line-up poster. Many more acts and attractions still to be announced.

Tickets for this year's Festival are sold out, but our prize draw for 20 pairs is raising emergency funds to support people affected by conflict, at https://t.co/lIlJdIKUMq

[True Potential @TruePotential_]

Today saw another sharp reduction in UK wage pressures which supports the case for lower interest rates. With inflation on course to be near the Bank of England's 2% target by late spring and with softer wage pressures today, the market is becoming increasingly confident that interest rate cuts could come as soon as May.

#Inflation #InterestRates #MorningMarkets #TruePotential

[True Potential @TruePotential_]

National Living Wage to increase by 9.8%, taking it to £11.44 an hour. #AutumnStatement

[True Potential @TruePotential_]

National Insurance rate will be cut by 2%, going from 12% to 10% on 6th January.

The change will help 27 million people and means someone on the average salary of £35,000 will save over £450 a year.

#AutumnStatement

[True Potential @TruePotential_]

Are you thinking of opting out of your workplace pension? It could be costly in the long term.

In our latest blog, we discuss five reasons why staying invested in your workplace pension may lead to a more comfortable retirement.

https://t.co/7rKvNVg3zW

#WorkplacePension #Pension #Investing #TruePotential

[True Potential @TruePotential_]

Yesterday saw oil prices reduced by 4% in what has been an extremely volatile year of the oil market.

Paul Durrans, Investment Director, analyses the factors contributing towards this, and how this volatility in oil prices is impacting both investments and inflation.

#Inflation #Investment #MorningMarkets #TruePotential

[True Potential @TruePotential_]

Today, we discuss the US inflation rate continuing to rise and how this is affecting transportation and housing prices.

However, the US economy is showing resilience, what can we expect for interest rates in the coming week?

#Investing  #Inflation  #Markets #TruePotential #MorningMarkets

[True Potential @TruePotential_]

We are now well into this quarter’s earning seasons in the US and Facebook, now known as Meta, recently announced its profit and revenue data.

George Bell, Portfolio Manager, takes a look at the steps Meta has taken on its way to achieving this, focusing on the streamlining of its workforce and its heavy investment in new technologies.

#Markets #Facebook #Meta #MorningMarkets #TruePotential

[True Potential @TruePotential_]

Today, we review Japan’s deployment of negative interest rates due to the weakness of the Yen currency, as it has fallen -12.5% against the US dollar. How will Japanese Banks react, and how will this affect investors?

#Investing #Markets #InterestRates #MorningMarkets #TruePotential

[True Potential @TruePotential_]

With wages growing faster than inflation, unemployment at some of its lowest levels in 20 years and growth trending at 5.4%, why is the US economy showing such resilience? George Bell, Portfolio Manager, breaks down what this strength means for interest rates and inflation, looking specific corporations whose recent announcements mirror this positive data.

#USEconomy #Inflation #Markets #MorningMarkets #TruePotential