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

04 - 08 November 2019
Index Close Week’s Change 52 - Wk High 52 - Wk Low
FTSE
100
 7,359 -0.14% 7,727 6,537
Dow Jones
(US)

27,681

+1.02% 27,775 21,713
Nikkei
225

23,392

+1.18% 23,591 18,949
DAX  13,229 +1.58% 13,301 10,279

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