UPDATE - MARCH 26th
Some good news today - financial markets have gone up! To summarise the last month or so; if we use the FTSE 100 index as a measure of what's happening out there, on 1st January 2020 the FTSE stood at just on 7500. This measures the performance of the top 100 shares in the UK and allows us to see how, generally, shares are performing. Remember these shares only make up a small percentage of most of the portfolios and funds we use, but it gives everyone a reference point. Soon after the initial coronavirus measures came in, the FTSE started falling and, at it's low point, was down to just under 5000. This was due to the uncertainty of the situation. Now various measures have been put in place to try and assist people and businesses, and these continue to be added to by the government. Also interest rates have been reduced. Yesterday the FTSE rose to 5688 - still a long way to go but up around 13.7% on the low point. There will be ups and downs along the way but our longer term view is that markets will get back to where they were fairly quickly once diagnosis rates start falling. We're also expecting some help from the government for self employed people tomorrow so we'll update you once we have the info. WE'RE HERE TO HELP! As ever, feel free to get in touch with any questions or queries about the current situation. We've had questions about... FINANCIAL MARKET MOVEMENTS GOVERNMENT HELP FOR BUSINESSES & INDIVIDUALS SICK PAY COVER EFFECTS ON TAX & VAT MORTGAGE PAYMENT HOLIDAYS Any questions at all, contact us: Telephone : 01270 567709 Email : firstname.lastname@example.org WhatsApp/Mobile : 07968 069652 Facebook Messenger : https://m.me/zenfinancial Zoom video : By arrangement Skype video : By arrangement If you would like to arrange a formal online meeting via video, let me know via email and we can arrange a suitable time and date (making sure I don't still have my pyjamas on!) Thanks again for your forbearance and get in touch if you have any queries or need any help with your finances including investments, pensions, mortgages, protection, tax or accountancy services.