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

22 - 26 June 2020
Index Close Week’s Change 52 - Wk High 52 - Wk Low
FTSE
100
 6,159 -1.83% 7,727 4,899
Dow Jones
(US)

25,016

-3.28% 29,569 18,214
Nikkei
225

22,512

+0.71% 24,116 16,358
DAX  12,089 -0.86% 13,795 8,256

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