For once pension legislation was not changed in the Chancellor’s recent Budget and we think it is good news that tax relief and annual allowances have not been altered. The Budget was relatively quiet with regard to Financial Services and the main beneficiaries will be ‘first time buyers’ who can save on Stamp Duty.

Budget Review

Last Week in the Markets

8 - 12 October 2018
Index Close Week’s Change 52 - Wk High 52 - Wk Low
FTSE
100
 6,996 -3.28% 7,904 6,867
Dow
Jones
(US)

25,340

-4.01% 26,952 22,856
Nikkei
225

22,323

-5.21% 24,448 20,347
DAX  11,524 -4.33% 13,597 11,459

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