RESEARCH PAPERS / ARTICLES

The EU is proposing plans to reduce the EU’s reliance on the UK’s financial sector whilst also boosting the EU’s capital markets. They are proposing to do this via a requirement that derivatives traders utilise accounts at EU-based clearing houses for a proportion of their transactions. This is because currently, €115tn is processed through the City of London. EU officials want a share of the market transactions to occur in the EU to boost their own economy and reduce relianc

Pension tax relief is limited by a lifetime allowance (LTA). LTA is the maximum that an individual can draw from their non-state pension without paying taxes throughout their lifetime. The current LTA is £1,073,100. If the value of your pension exceeds the LTA, you will be faced with an extra charge. The value in excess of the LTA will be taxed in 2 ways depending on how you decide to withdraw the money. If you take it as a lump sum, the tax charge is 55% with no further tax

Following on from Kwarteng’s mini budget, the announced tax cuts would be funded via borrowing. Investors were concerned by the approach to fiscal policy and triggered a sell-off of assets greatly affecting the market. With rising interest rates, gilt yields also increase due to increased government borrowing. Gilt yields and prices have an inverse relationship. This means that bond prices decreased which means that demand for them was also decreasing. If a bond is placed up