Welby Associates

News

Keep up to date with the latest Welby happenings

What is GDP and How is it Calculated?

Gross Domestic Product (GDP) is a key economic indicator that measures the total monetary value of all goods and services produced within a country’s borders over a specific period, typically a quarter or a year. Every government in every country wants to drive growth in GDP, as it generates greater revenue for public spending without having to increase taxes. Without growth their options are to cut or freeze spending on public services, increase taxes or increase debt.

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Property v Pension

Investing in property as a retirement strategy has become popular, particularly after the post-financial crisis housing boom, driven by low interest rates and government incentives. Many who ventured into buy-to-let investments instead of traditional pensions benefited from a period of cheap mortgages and rocketing house prices. However, the outlook for buy-to-let may not be as promising, and those considering this path should reassess their options carefully.

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School Fees Hit With VAT from January 2025

Private schools will lose their special status from January 2025 and have to add VAT to their fees from that date, Labour have confirmed.

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Rents Rises Slow Down But Problems Persist

Data provided exclusively by Zoopla to the BBC in August suggest that the rental market has cooled in 2024, with rent rises at their slowest rate for three years, but rents continue to rise.

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The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Welby is a trading name of Welby Associates Wealth Management Ltd Company Registered Number NI630504 who is authorised and regulated by the Financial Conduct Authority, FCA register number 697372. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk

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