New Address
We have today, Monday 22nd November 2010 moved into our new offices! Sigma Asset Management Ltd The Stables Parvis Road West Byfleet Surrey KT14 6EY Tel : 01932 340710 Fax : 01932 352350 The Capital Management Solutions telephone number has also changed to : – Tel : 01932 340821 The map showing our location will be updated shortly!
August Update
We have now had 14 weeks of the Coalition Government – and no doubt a surprise to some, it still exists.
For the first time since it was introduced in 1961, Prime Ministers Question time was led by someone other than a Conservative or Labour politician – with Mr Clegg (as Deputy Prime Minister) temporarily taking it while Mr Cameron was overseas. Hopefully, with the UK’s third main party taking a much more active role in Parliament, the UK will benefit from being able to draw on a wider range of knowledge and experience.
Read more…
Monday mornings and the Emergency Budget
After a glorious weekend of weather, hopefully everyone enjoyed Saturday and Sunday to its fullest. Although, as always, Monday morning follows the weekend! No doubt though the good weather will continue, making this fine morning more bearable!
Well, the Chancellor of the Exchequer stood up and gave his first budget. What can we say – other than that we knew taxes would be going up – and we are all right. VAT to 20% and for higher rate tax payers, Capital Gains Tax to 28%.
A few tweaks here and a few tweaks there – but overall, hopefully, we can agree a reasonably fair budget, on the basis, it could have been worse for everyone.
Our First Posting
Well, the World Cup has finally arrived…along with the usual optimism of how well England will do.
After the opening game against the USA, most English fans I think are happy with a draw – on the basis that’s the tough game out of the way!
Elsewhere, the new Coalition Government continues to make headway into their plans (more on that later) and hopefully, this new batch of MP’s will do the work they promised to do in their ‘Election Speeches’.
With Wimbledon about to start, no doubt the price of Strawberries will go up, and the price of BP shares will continue to go down. Hopefully the only additional spills over the next few weeks will be Pimms and Champagne at the Henley Regatta!
Turning more to what we do, once key recent announcement by the new Chancellor surrounds his plans for the Financial Services Authority. As expected, their regulatory banking mandate will be passed back over to the Bank of England….but more surprisingly, it appears he will be going through with his plans to dismantle the FSA, and break it up into more bite sized regulatory chunks. More on this will follow, as the small print has been read and further information is released.
Should you want more information on what is happening, or require a financial review, please contact us.
Here’s to England doing well at Football, Murray doing well at Tennis and sunshine for the summer!
