What could Andy Burnham’s premiership mean for your finances?

/0 Comments/in /by

The UK has a new Prime Minister, and if Andy Burnham’s first speech outside Downing Street is anything to go by, households could be facing one of the most significant shifts in economic policy in decades.

Burnham described his arrival in office as a “circuit breaker” moment for Britain, promising a new political and economic model that would reverse some of the trends he believes have held back parts of the country since the 1980s.

While detailed policies are still to be announced, his speech provides some strong clues as to the direction of travel and what it could mean for household finances.

Cost of living relief appears to be the immediate priority

The most direct message for households was Burnham’s acknowledgement that many people are still struggling with the  cost of living (Inflation and price indices – Office for National Statistics). He promised measures to provide people with “some breathing space” and said further announcements would begin immediately.

At this stage we do not know exactly what those measures will look like, but the language suggests the government is looking for ways to reduce pressure on everyday household budgets. Whether that comes through bill support, tax changes, housing initiatives or reforms to public services remains to be seen.

For most families, these announcements are likely to be more important in the short term than any broader constitutional or political reforms.

Housing could become a major focus

One of the clearest commitments in Burnham’s speech was a pledge to build more council homes. Housing affordability continues to be one of the biggest financial challenges facing many households, particularly renters and first-time buyers.

If housebuilding accelerates significantly, it could help increase supply and reduce some of the pressures that have driven housing costs higher in recent years. However, housing policy typically takes time to have a meaningful impact. New homes can take years to plan, approve and build, meaning any benefits are unlikely to be immediate.

That said, the prominence given to housing in Burnham’s first speech suggests it will be one of the defining themes of his government.

Public control could play a greater role

Perhaps the most significant long-term financial signal came when Burnham spoke about putting “life’s essentials” back under stronger public control in order to make them more affordable.

While he did not specify exactly which sectors he was referring to, the statement suggests a more interventionist approach than recent governments have taken. This could potentially lead to greater regulation of essential services, increased public ownership in some areas, or new measures designed to keep costs down for consumers.

For households, the success or failure of this approach will ultimately be judged by whether it leads to lower bills and improved public services.

More focus on jobs and regional growth

Burnham also placed significant emphasis on reindustrialising Britain, backing British industry through public procurement and shifting power away from Westminster towards local communities.

His argument is that many parts of the country never fully recovered from deindustrialisation and need greater control over their own futures. If this approach attracts investment and creates jobs, it could improve household finances through stronger wage growth and increased employment opportunities.

He also pledged to help more young people into work through changes to education and greater mental health support.

In the long run, secure employment and rising incomes often have a greater impact on financial wellbeing than short-term support measures alone.

The big question remains: how will it be paid for?

Every government faces the same challenge. Ambitious plans need funding.

Burnham said he would explain not only the measures he intends to introduce but also how they will be paid for. He also stressed the importance of meeting fiscal rules while maintaining commitments on defence spending (Ministry of Defence – GOV.UK).

That means households should pay close attention to forthcoming announcements. Decisions on taxation, borrowing and public spending could have a far greater impact on personal finances than the headline policies themselves.

What should households expect?

For now, the speech provides more vision than detail. The broad themes are clear: more affordable housing, stronger public involvement in essential services, greater regional investment and action to tackle living costs.

Whether these ambitions translate into lower bills, improved public services and stronger household finances will depend on the policies that follow.

For homeowners, renters, savers and borrowers alike, the next few months could prove far more important than the speech itself. The direction has been set. The detail, and the financial implications, are still to come.

 

 

Brooke Financial is a trading name of Ideal Money Solutions Ltd, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority.

Approved by The Openwork Partnership on 21 Jul 2026

Spring Forecast 2026: Winners and Losers

/0 Comments/in /by

 

As UK Chancellor Rachel Reeves delivered the Spring 2026 Statement, the House of Commons was marked by an air of sobriety. We’re living through what the Treasury describes as a “new era of global change”, a period defined by the shattering of old certainties in European security, the volatile restructuring of global trade routes, and the relentless march of artificial intelligence.

 

We recognise that behind the high level theory of budget statements, we’re all asking “What does this mean for my family’s financial security?” The Chancellor’s answer was rooted in “National Renewal;” a decade-long project to rebuild the UK’s foundations. But as ever, who this impacts – and how deeply it impacts them – won’t be the same across the board. To better understand the future of your mortgage, your pension and your business, we’ve delved into the specific winners and losers of this new economic architecture.

 

Stability as a strategy

 

The overarching spirit of the 2026 Statement was one of active, interventionist government. The Chancellor rejected the idea of a “hands-off” approach to the economy, arguing instead that the current global instability demands a state that “steps up.”

 

By adhering to her “non-negotiable” fiscal rules, the Chancellor is attempting to decouple the UK from the “risk premium” that has plagued British markets in recent years. These rules are the Stability Rule (balancing the day-to-day budget) and the Investment Rule (reducing net financial debt).

 

The Office for Budget Responsibility (OBR) has validated this approach, but has downgraded growth forecasts to 1.1% in 2026. For the long-term investor, this suggests a more predictable, less volatile climate for UK assets.

 

Big Winners: building, defence and the working person

 

The 2026 Statement explicitly rewarded the “working people,” to use the Labour government’s own terminology: those relying on their wages to live, those looking to get on the housing ladder, or those working in the industries of the future.

 

The “generation rent” and aspiring homeowners

 

The most transformative element of the Spring Statement is the overhaul of the UK’s planning system. The Chancellor described it as “the biggest positive growth impact the OBR has ever reflected for a policy with zero fiscal cost.” This includes:

 

  • Mandatory targets and the grey belt
    By reintroducing mandatory housing targets and allowing development on grey belt land (low-quality green belt land, such as disused car parks or petrol stations), the government aims to hit a housebuilding peak of 305,000 homes per year by 2030.
  • The valuation impact
    For current homeowners, increased supply in high-demand areas may slow runaway price growth, but for those struggling to buy, it offers a glimmer of hope. The government is betting that a more fluid housing market will allow people to move for better jobs which will boost overall productivity.
  • Social housing injection
    A £2 billion grant for 18,000 new social and affordable homes ensures that renewal and hope isn’t reserved only for those with large incomes.

 

The high-tech defence industrial base

 

In a direct response to global instability, the Chancellor is positioning the UK as a “defence industrial superpower.” This is no longer only about military spending. It’s a central pillar of the UK’s modern industrial strategy.

 

  • The 2.5% target
    Defence spending will hit 2.5% of GDP by April 2027. This represents a massive demand signal for UK manufacturing.
  • Novel technologies
    A minimum of 10% of the MoD equipment budget is now ringfenced for “novel technologies;” AI-powered systems, drones and autonomous vehicles.
  • Regional growth:
    The “Plan for Barrow” and the regeneration of Portsmouth Naval Base are set to revitalise regional economies. If you live in a “defence hub,” the local economy, property prices and job market are all likely to see significant upward pressure.

 

The frontline workforce

 

The government is doubling down on its “Plan for Change” missions:

  • The Living Wage
    Three million people will receive a pay rise from next week as the National Living Wage increases.
  • Disposable income
    The OBR forecasts that Real Household Disposable Income will grow at twice the rate expected last year. The Chancellor made a powerful headline claim: the average person will be £500 better off by the end of this parliament. She positioned this as transitioning from a cost-of-living crisis to a cost-of-living recovery.

 

Construction and green-tech skills

 

To build 1.5 million homes, you need boots on the ground. A £625 million construction skills package will train 60,000 new workers. This includes:

  • Technical excellence colleges
    Ten new colleges will be established across England.
  • Apprenticeships
    A further £40 million is being put into foundation apprenticeships, providing clear pathways for young people into high-paying, secure trades.

 

The notable losers: efficiency, aid and the shadow economy

 

To pay for renewal without raising the Big Three taxes (Income Tax, VAT and National Insurance), the Chancellor has had to find significant savings elsewhere, which will have an impact on some.

The International Development Sector

 

Perhaps the most controversial loser is the overseas aid budget. To fund the urgent increase in defence spending, the government has reduced overseas aid to 0.3% of Gross National Income.

  • The saving
    This clawback provides £2.6 billion for the Treasury. While this bolsters domestic security and fiscal “headroom,” it represents a significant withdrawal from the UK’s soft-power commitments and has drawn criticism from the development sector.

The Civil Service and Quangos (Quasi-Autonomous Non-Governmental Organisations)

 

The Chancellor announced that NHS England, often described as the world’s largest quango, will be brought back under the direct control of the Department for Health and Social Care.

  • A leaner state
    A £150 million fund has been created to facilitate “voluntary exit schemes” for government employees. The goal is a 15% reduction in administrative costs by 2030.
  • Transformation fund
    A £3.25 billion pot will be used to replace human bureaucracy with AI and digital tools. For those whose careers are built on traditional public sector administration, the landscape is shifting rapidly.

 

Tax evaders and the non-compliant

 

The Chancellor is closing the tax gap, which is estimated at £40 billion. Her aggressive new measures include:

  • Debt collection
    HMRC is receiving £80 million to hire third-party debt collectors. This marks a shift toward a more private sector angle to recouping unpaid taxes.
  • Compliance Officers
    500 new compliance officers will be recruited from April 2025.
  • Late payment penalties
    Business owners and sole traders will face significant rises in VAT and self-assessment late penalties, to incentivise prompt payment.

 

Smaller landlords and sole traders

 

The extension of Making Tax Digital (MTD) to those with incomes over £20,000 from April 2028 is a significant new administrative hurdle. While it doesn’t increase the tax owed, it’s likely that smaller landlords and gig economy workers will feel the financial burden of remaining compliant. Including the necessary software, bookkeeping services and time investment.

The mortgage market and possible stability

The Chancellor’s commitment to the stability rule is the single most important factor for mortgage holders. By meeting fiscal rules two years early, the Treasury is providing the “predictability” that the Bank of England needs to maintain a steady path for interest rates.

Usually, higher growth can lead to higher inflation, but because this growth is driven by building more houses and better infrastructure, it’s far less likely to be inflationary. This an environment of steady growth without the need for emergency rate hikes.

Defence and infrastructure investments

For our investment clients, the Statement signals some clear opportunities:

  • Advanced manufacturing
    Derby, Glasgow, and Newport are becoming hubs for the “Superpower” defence sector.
  • The Oxford-Cambridge Growth Corridor
    This region is expected to add £78 billion to the UK economy by 2035. Investors looking for UK exposure may want to consider how their portfolios are weighted toward these high-growth regional corridors.
  • AI frontier
    The £42 million for “Frontier AI Exemplars” suggests that the government is willing to use its own procurement power to support the domestic tech sector.

Welfare and the WCA (Work Capability Assessment)

The reform of the Work Capability Assessment (WCA) and the introduction of a guaranteed premium for those who legitimately can’t work signals a welfare system designed to work smarter rather than smaller.

With £1 billion invested in employment support, the government is trying to solve the UK’s inactivity problem. For businesses, this could mean a gradual easing of the recruitment crisis that has hampered growth since the Covid-19 pandemic.

Key dates for your calendar

  • April 2026: first wave of Sole Traders join Making Tax Digital (£50k+ income).
  • April 2027: defence spending reaches 2.5% of GDP.
  • April 2028: smaller sole traders (£20k+ income) join Making Tax Digital (MTD).

Our final thoughts

The Spring 2026 Statement moves away from the short term to focus on foundational measures: planning laws, technical skills and fiscal rules.

The winners are those who are ready to build, innovate and work in the sectors the government is prioritising. The losers are those who fail to adapt to a leaner, more digital state and those who neglect their tax compliance.

As the Chancellor said, “the world is changing before our eyes.” In such a world, the most valuable asset you have is not just your capital, but your strategic counsel. Navigating the shift from a cost-of-living crisis to a national renewal economy requires a plan as active and agile as the government claims to be by the spirit of their Spring Statement.

 

 

Trade name used:

Business name is a trade name of Business name, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.

 

No trade name:

Business name is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.

 

 

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

 

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

 

Approved by The Openwork Partnership on 04/03/2026

10 Things Landlords Need to Know About the Renters’ Rights Act

/0 Comments/in /by

The Renters’ Rights Act 2025 officially became law on 27 October 2025, bringing the biggest shake-up to the private rented sector (PRS) in decades. Whether you own one property or manage a portfolio, these changes will affect how you operate—and now is the time to prepare.

Here’s a practical overview of what you need to know—and we can help you prepare.

  1. It’s law—implementation is next

The Act is now official, but not everything will change overnight. Some measures will be introduced quickly, while others will be phased in. The key takeaway: don’t wait. Start reviewing your properties and processes now.

  1. Section 21 evictions abolished

You’ll no longer be able to evict tenants without a valid reason. Instead, you’ll need to use updated Section 8 grounds—such as rent arrears or selling the property. This could mean longer waits for possession – especially if court delays persist.

  1. Fixed-term tenancies replaced

Tenancies will become rolling and open-ended. Tenants can leave with two months’ notice, while landlords must follow formal procedures to end a tenancy. Student landlords may face particular challenges, with limited exemptions for HMOs and purpose-built accommodation.

  1. Rent increases restricted

You’ll only be able to raise rent once per year, with two months’ notice via a Section 13 notice. Tenants can challenge increases at tribunal. If you’re facing higher mortgage repayments, now’s the time to stress-test affordability and explore your options.

  1. Higher property standards required

The Decent Homes Standard will now apply to private rentals, requiring homes to be safe, warm, and free from serious hazards. Awaab’s Law adds strict timelines for repairs. If upgrades are needed, we can help you explore funding solutions.

  1. Mandatory registration and accountability

All landlords must register on a new national database and join an Ombudsman scheme. You’ll also need to follow new fairness rules—such as considering pet requests, avoiding discrimination, and advertising fixed prices. Landlords and agents will be required to publish an asking rent for their property, and it will be illegal to accept offers made above this rate.

 

  1. Stay informed and proactive

Even if some details are still being finalised, there are practical steps you can take now:

  • Review your portfolio
  • Inspect properties for hazards
  • Update advertising and complaints processes
  • Check that any agents you use are ready for the changes
  1. Funding the changes

Upgrades and compliance may come with costs. As financial advisers, we can help you explore:

  • Refinancing options
  • Further advances
  • Multi-property mortgage solutions
    These can help you unlock equity and invest in your properties without compromising cash flow.
  1. Think long-term

Beyond this Act, further reforms are coming—especially around energy efficiency and EPC standards. If you’re planning improvements, it may be cost-effective to tackle energy upgrades at the same time.

  1. Support is available

The Renters’ Rights Act introduces new responsibilities, but with the right advice and planning, you can stay compliant and protect your investments.

If you’d like help reviewing your portfolio or exploring funding options, please contact Brooke Financial on 01274 009 912.

 

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

MOST Buy to let mortgages are not regulated by the Financial Conduct Authority

Approved by The Openwork Partnership  on 06/11/2025

5 Common mistakes when buying a property- And how to avoid them

/0 Comments/in /by

Guidance for First-Time Buyers and Home Movers

Applying for a mortgage is a significant financial commitment and it’s important to approach the process with care, preparation, and awareness of potential risks. Whether you’re a first-time buyer or a home mover, the following are five of the most common mistakes applicants make—along with practical ways to reduce the likelihood of complications.

  1. Not Reviewing Your Credit Profile in Advance

Before applying for a mortgage, it is advisable to review your credit report across the UK’s three main credit reference agencies: Experian, Equifax, and Trans Union.

Why it matters:
Mortgage lenders assess your credit history to determine whether to lend to you, and on what terms. Negative markers such as missed payments, high credit utilisation, or incorrect personal information may impact your application.

What you can do:
Use a multi-agency credit check service such as CheckMyFile, which consolidates data from all three bureaus. This can help identify errors or inconsistencies prior to submitting your application.

 

  1. Only Applying Through Your Bank

Approaching your bank may seem convenient, but banks are typically tied to their own product ranges and may not offer the most competitive terms available in the wider market.

Why it matters:
By restricting your options, you may miss access to more suitable products, particularly if you have complex circumstances such as being self-employed or having a low deposit.

What you can do:
Use a Brooke Financial mortgage broker who can review products from a wide range of lenders, including high street and specialist providers. Our brokers may help identify appropriate deals based on your individual circumstances and affordability.

 

  1. Not Budgeting for Additional Costs

Many buyers focus solely on their deposit and monthly repayments, but there are additional upfront costs that need to be factored into your budget.

Examples include:

  • Conveyancing or solicitor fees
  • Mortgage valuation and survey costs
  • Stamp Duty Land Tax (if applicable)
  • Buildings insurance
  • Broker fees (where applicable)
  • Removal and moving expenses

 

What you can do:
Request a breakdown of expected costs from your solicitor or adviser, and ensure you have access to sufficient funds to cover these alongside your deposit.

 

  1. Making Large Purchases During the Application Process

Once a mortgage application is underway, it’s important to maintain financial stability and avoid taking on any new debt.

Why it matters:
Changes to your financial profile—such as applying for new credit, making significant purchases, or altering your income—can affect your debt-to-income ratio, which lenders assess when making their decision.

What you can do:
Avoid financing vehicles, large household goods, or taking out new credit facilities until after your mortgage completes.

 

  1. Borrowing at the Maximum Available Limit

While some applicants may be eligible to borrow higher amounts, it’s important to consider whether that level of borrowing is sustainable over the long term.

Why it matters:
Stretching your budget may leave little room for changes in circumstances—such as rising interest rates, unexpected bills, or changes in employment.

What you can do:
Use mortgage affordability calculators and consider multiple scenarios (including rate rises or lifestyle changes). Only borrow what you can comfortably afford, not just what a lender is prepared to offer.

Final Thoughts

Navigating the mortgage process can be complex, particularly in a fast-moving property market. By avoiding these five common mistakes and seeking advice from Brooke Financial, you can help improve your mortgage readiness and reduce the risk of delays or declined applications.

 

High-intent keywords: check credit score UK, credit report for mortgage UK, mortgage broker vs bank UK, home buying costs UK, hidden fees mortgage, mortgage declined UK, affect mortgage credit UK, mortgage affordability UK, how much mortgage can I get UK

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Brooke Financial is a trading name of Ideal Money Solutions Ltd, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority.

Approved by The Openwork Partnership on 19/08/2025

Quishing: The New QR Code Scam

/0 Comments/in /by

Watch Out for “Quishing”: The New QR Code Scam Threatening Your Financial Security

As QR codes become an increasingly common part of everyday transactions—from paying for parking to accessing online accounts—a new cybersecurity threat has emerged that all clients should be aware of: quishing.

Recently, Action Fraud, the UK’s national reporting centre for fraud and cybercrime, issued a fresh warning about this growing scam. Quishing, a type of phishing attack, involves fraudulent QR codes that are designed to steal personal and financial information when scanned.

According to Claire Webb, Acting Director of Action Fraud:

“QR codes are becoming increasingly common in everyday life… However, reporting shows cyber criminals are increasingly using quishing as a way to trick the public out of their personal and financial information.”

How Quishing Works

Quishing can occur in a variety of everyday settings:

  • Car parks, where scammers place counterfeit QR code stickers over legitimate payment terminals.
  • Online marketplaces, where fraudsters email sellers fake QR codes under the guise of account verification or payment processing.
  • Phishing emails and text messages, which include rogue QR codes impersonating government bodies such as HMRC, with the goal of stealing sensitive data.

Tips to Protect Yourself and Your Finances

As financial advisers, we strongly encourage our clients and readers to stay vigilant. Here are some key steps to protect yourself:

  • Be cautious when scanning QR codes in public spaces, especially in car parks or transport hubs. Always check that a code hasn’t been tampered with or overlaid with a sticker.
  • Avoid scanning QR codes sent via unsolicited emails or text messages, especially if the source is unfamiliar or the request seems urgent or unusual.
  • When in doubt, contact the organisation directly using a verified phone number or by visiting their official website.
  • Stick to your phone’s built-in QR scanner, rather than third-party apps, which may be more vulnerable to security issues.
  • QR codes in trusted venues, such as restaurants or pubs, are typically safe—but still, stay alert.

What to Do If You Suspect a Scam

If you receive a suspicious email containing a QR code, forward it to:
report@phishing.gov.uk

To learn more about protecting yourself from fraud, visit:
https://stopthinkfraud.campaign.gov.uk

If you believe you’ve been a victim of fraud, contact:
Action Fraud at 0300 123 2040 or report online at www.actionfraud.police.uk
(Scotland residents should call Police Scotland on 101)

Why smaller companies could offer stronger returns in the years ahead

/0 Comments/in /by

Why Omnis invest in small caps

Strategic asset allocation is at the heart of how we invest. We use it to set a long-term framework for delivering returns by spreading risk across a broad mix of assets, from equities and bonds to property and alternative investments. Within this framework, smaller companies (or small caps) have an important role to play. While they tend to be more volatile in the short term (their share prices can move around more than larger companies), small caps also offer exposure to a different set of risks and opportunities than larger companies. That makes them useful for diversification, helping to smooth out returns across the whole portfolio. Although small caps don’t outperform all the time, history shows they’ve often delivered stronger returns than large caps during the right environment.

A challenging few years for smaller companies

The past few years have been challenging for smaller companies. In fact, 2024 marked the eighth year in a row of underperformance compared to larger firms. Many small caps have been hit harder by higher inflation, rising interest rates and concerns over slowing economic growth. With more limited resources and less experienced management teams, they’ve often found it tougher to navigate these headwinds. Figure 1 shows just how far small caps have lagged large caps in the US. But history also tells us that small caps often bounce back strongly after prolonged periods of weakness, especially when interest rates fall and economic conditions begin to improve.

Why we see potential from here

We believe the outlook for small caps is becoming more favourable. Valuations are near their lowest levels in 25 years relative to large companies, and growth forecasts for small caps are improving, with analysts now predicting faster earnings growth in the years ahead. That’s the first time this has happened in five years. A number of broader trends also stand to benefit smaller firms: • Deregulation and reshoring: policies designed to bring production back home may favour domestically focused businesses. This is likely to benefit US smaller companies. • Infrastructure spending: government investment could support smaller companies across sectors • Lower interest rates: small caps tend to be more sensitive to rate changes, so any cuts by central banks could provide a meaningful boost At the same time, we’ve seen huge capital flows into a narrow group of large stocks, such as the so-called Magnificent 7 (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla). First, investors are looking to diversify away from these large companies and smaller companies should benefit from this rotation from larger to smaller companies. Second, if markets experience a downturn, some of that money may exit quickly, putting larger companies at greater risk of short-term losses. That makes the diversification benefits of small caps even more compelling.

How Omnis invests in small caps

We include small caps in our portfolios as part of our long-term strategic asset allocation, and we also use short-term tactical positioning to increase exposure when the outlook improves, as it has recently. Importantly, strategically, we invest in small caps through active managers who specialise in this part of the market. That’s because smaller companies tend to be under-researched and less efficiently priced. In our view, this creates opportunities for experienced managers to identify strong businesses that are trading well below their true worth. Active management also helps us avoid many of the unprofitable or lower-quality companies that often appear in small cap indices. With the right process and discipline, we believe it’s possible to add meaningful value in this part of the market.

What this means for your portfolio

It’s been a tough run for small caps, but the tide may be turning. With attractive valuations, improving growth forecasts and a more supportive economic backdrop, we believe smaller companies could be well placed to outperform.

Our active approach helps us identify quality businesses in this under-researched part of the market and avoid the weaker ones. That’s why we see small caps as a long-term opportunity.

To find out more about how we manage your portfolio, please speak to your financial adviser or visit www.omnisinvestments.com

Tariffs return: what they mean for investors

/0 Comments/in /by
New US tariffs have unsettled markets and raised concerns about global growth. While short-term volatility is likely, staying focused on your long-term investment goals remains key. Here’s our perspective.
What’s happened?

US President Donald Trump has announced sweeping new tariffs on imports. A baseline 10% tariff on all goods will take effect from 5 April, with significantly higher ‘reciprocal’ tariffs following on 9 April. These include a 34% tariff on goods from China, 20% on the EU and 24% on Japan. Markets have reacted sharply. Asian markets fell overnight, and European and US markets have followed suit. Investors are concerned about higher inflation, weaker consumer spending and a broader slowdown in global trade. There’s also uncertainty about how other countries will respond – particularly whether they retaliate or pursue trade negotiations. In short, tariffs are going up, inflation risks are rising and global trade may slow – but there’s still a wide range of possible outcomes depending on how countries respond.

A view from Andrew Summers, Omnis Chief Investment Officer

Markets were braced for some form of tariff announcement, but the detail and severity were more than expected. Our base case is that these measures will modestly reduce global growth and slightly increase inflation. Central banks are more likely to support growth than fight inflation at this stage, and market pricing is reflecting that. There are a number of risks on both sides. A full-scale trade war would be a clear negative forrisk assets, such as equities, and could delay or reverse expected rate cuts. But it’s also possible this becomes a market-clearing moment – where uncertainty begins to fade, tax cuts or stimulus follow, and markets recover. At Omnis, we’re maintaining a slightly defensive stance, with a modest preference for government bonds over equities. We’re monitoring developments closely and remain ready to adjust as the picture evolves.

What our fund managers are saying

To give you a broader perspective, here’s how some of the managers behind the Omnis funds are interpreting the situation in their regions and markets.

View from emerging markets: Fidelity International. Omnis Global Emerging Markets Equity Leaders Fund.

The tariffs are more far-reaching than we had anticipated, especially across Asia. China faces the steepest hike, but countries such as Vietnam, Cambodia, Korea and Taiwan have also beencaught in the crossfire. That said, the fund is well-positioned. We focus on companies that serve domestic markets in China and India, which are less exposed to global trade flows. Our exposure to the most vulnerable export-driven economies is limited, and we hold high-quality positions in relatively insulated regions like Mexico and Brazil.

View from Japan: Schroders. Omnis Japanese Equity Fund.

Japan’s 24% tariff rate is a negative surprise and will likely weigh on economic growth and earnings forecasts for key exporters, especially in automotive, machinery and tech. However, Japan’s domestic economy remains in relatively good shape, supported by wage growth and increased IT investment. We’re currently tilted towards domestic demand-focused sectors, which we expect to be more resilient. We also note that Japanese equity valuations have fallen to the lower end of their historical range, suggesting that much of the negative news may already be priced in. Over the medium term, any easing by the Bank of Japan or additional government stimulus could also support market sentiment.

View from Europe: Fidelity International. Omnis European Equity Leaders Fund.

The blanket 20% tariff on EU goods is worse than markets expected and comes on top of existing levies on cars and metals. This raises the risk of recession, but Europe is not without tools. Fiscal support is increasing, and the European Central Bank (ECB) still has room to cut rates if needed. We remain focused on quality businesses with strong pricing power. Our portfolio avoids the most exposed sectors, such as autos and spirits, and we continue to favour resilient companies in areas like luxury, where demand tends to hold up well even in uncertain times.

View from the UK: Franklin Templeton. Omnis UK All Companies Fund and Omnis UK Smaller Companies Fund.

The UK faces a 10% tariff, which is modest compared with other regions and has helped support sterling and UK equities. In fact, UK markets have outperformed other regions during the recent volatility, particularly among mid-cap and domestic-facing stocks. Our fund is seeing strength in areas like utilities and consumer names. Defensive sectors are benefiting from lower bond yields, while names like Diageo – with diversified supply chains and strong brands – are proving more resilient than anticipated. The second-order effects on growth are likely to take time to play out, but we believe UK smaller companies could benefit if interest rates are cut sooner in response to slowing global momentum.

View from the US: T. Rowe Price. Omnis US Equity Leaders Fund.

The new tariffs are higher and more complex than expected, particularly for Asian economies with close trade links to the US. The methodology used to calculate them is also unclear, adding further uncertainty for companies and investors alike. Markets are likely to remain volatile while governments decide how to respond. There’s scope for negotiations, but any escalation could lead to more countermeasures or currency moves. Our focus remains on high-quality US companies with strong fundamentals and the ability to adapt to a changing trade landscape.

Why staying invested through volatility makes sense

Periods like this can feel unsettling – but they’re not new. Markets have experienced pandemics, wars, political upheavals and trade disputes before, and they’ve always recovered in time. It’s important to resist the urge to react to short-term volatility. If you sell after markets fall, you risk locking in losses and missing out on the recovery. History shows that missing just a few of the best days in the market can significantly affect long-term returns. That’s why we believe in staying focused on your long-term goals. Our active managers are closely monitoring developments and can adjust portfolios where needed, helping your investments remain resilient through uncertainty.

Figure 1: The power of investing over the long term
This chart compares the growth of £1,000 invested in global equities with leaving money in a cash depositaccount over the past 30 years, as well as the impact of inflation. Despite a number of stock market crashes, equities have outperformed significantly over the long term. December 1994 = 100

Needs Support?

If you have any questions or concerns, speak to your financial adviser. They can help you understand what this means for your individual portfolio and make sure you stay on track. You can also find regular updates at www.omnisinvestments.com , including weekly podcast, which is available through our website or your favourite podcast app. The value of your investment and any income from it can go down as well as up and you may get back less than you invested.

www.omnisinvestments.com
Issued by Omnis Investments Limited. This update reflects the views of Omnis at the time of writing and is subject to change. The document is for informational purposes only and is not investment advice.

We recommend you discuss any investment decisions with your financial adviser. Omnis is unable to provide investment advice. Every effort is made to ensure the accuracy of the information but no assurance or warranties are given. Past performance should not be considered as a guide to future performance.

The Omnis Managed Investments ICVC and the Omnis Portfolio Investments ICVC are authorised Investment Companies with Variable Capital. The authorised corporate director of the Omnis Managed Investments ICVC and the Omnis Portfolio Investments ICVC is Omnis Investments Limited (Registered Address: Washington House, Lydiard Fields, Swindon SN5 8UB) which is authorised and regulated by the Financial Conduct Authority. April 2025 | Investment perspectives
—
Approved by Omnis Investments on 3 April 2025

The Essentials you need to know about credit checks before borrowing money.

/0 Comments/in /by

The information a lender finds during a credit check is important – it could affect whether you’re able to borrow money, including through a mortgage, and the interest rate you’re offered. Yet, they can also seem perplexing.

Indeed, a Royal London survey found that a third of Brits had never looked at their credit report.

The good news is that we can help you cut through the jargon, so you feel more confident next time you apply for a loan.

Lenders usually carry out a credit check to assess how much risk you pose

Lenders carry out a credit check by looking at your credit report to understand how financially stable and reliable you are. Your credit report includes:

  • Personal details, such as your name and address
  • Borrowing and payment history
  • Current borrowing and credit limits
  • Details of people you’re financially linked to, like your partner.

If their check indicates that you are more likely to default on repayments, a lender may offer you a higher interest rate, which would affect your repayments and the total cost of borrowing, or even reject your application.

Hard v soft credit check

Two different types of credit searches can be carried out – a hard or soft credit check.

A soft credit check happens when you review your credit report or a lender checks to see if you’re eligible for certain offers. A soft credit check doesn’t show up on your report.

A hard credit check is usually carried out when you’ve made a finance application, such as a credit card or mortgage, and the lender wants to take an in-depth look at your report.

Hard credit checks may be noted on your credit report for up to two years and will be visible to other lenders.

Several hard credit checks in a short space of time may affect your ability to borrow as it could indicate you’re struggling to manage your finances. As a result, taking the time to understand which lenders are suitable for your needs could be useful as it may reduce the number of hard credit checks that are carried out.

A hard credit check can only be performed with your permission.

Don’t worry if you’re unsure about the two different types of credit searches and what they mean to you, we’re on hand to talk you through it all.

6 useful steps you could take to improve the outcome of a credit check

By reviewing your credit report and score before applying for credit, you may have a chance to improve how lenders view you. Here are six steps you may be able to take.

  1. Search your credit report for any mistakes and contact the provider to fix them
  2. Register on the electoral register to demonstrate stability
  3. Reduce your outstanding credit
  4. Pay more than the minimum payment on a loan or credit card
  5. Avoid late payments by automating bills
  6. Be careful about applying for new forms of credit.

Speak to your adviser if you have any questions

If you have any questions about your credit report or are worried about what it means for your future, including the ability to secure a mortgage, please don’t worry. You can us contact to discuss your concerns and plans on 0113 2555762.

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

 

 

 

 

Approved by The Openwork Partnership on 09/01/25.

Family With Teenage Children Relaxing On Sofa Together

Protecting your wealth for your lifestyle and your family

/0 Comments/in /by

In the hustle and bustle of daily life, it’s easy to overlook the importance of protecting our financial security both for now and in the future.

We work hard to build a comfortable life for ourselves and our loved ones, but what happens if the unexpected happens and we become too ill to work. How can we ensure that our security today and our financial legacy remains intact for the next generation?

One of the most effective ways to protect our wealth is by incorporating income protection and critical illness cover into our financial planning. These two insurance options provide a safety net during challenging times, offering financial support when we need it most.

Together, these two types of insurance complement each other to offer comprehensive financial protection:

  • Income protection provides a proportion of your income, approximately 60-70%, in case of illness or injury, ensuring you have a reliable source of income to sustain your lifestyle and your financial plans.
  • Critical illness cover offers a tax-free lump sum payment upon diagnosis of a specified serious illness, providing a financial cushion to take a huge weight off your mind at a difficult time.

By combining income protection and critical illness cover, you can protect your wealth, protect your lifestyle and protect your financial legacy in the face of unexpected health challenges.

  • Maintaining your lifestyle
    Both income protection and critical illness cover can help you continue your lifestyle by providing financial support. Whether it’s paying the mortgage, paying bills, continuing your pension and investment contributions, these insurance options offer flexibility, security and peace of mind.
  • Preserving your savings and investments
    You won’t need to dip into your savings, sell investments or reduce your pension contributions to maintain the lifestyle you’re accustomed to and are planning for. With income protection in place, you’ll have a reliable source of income to cover your expenses during times of illness or injury. This means you can preserve your savings for future goals and emergencies, without the worry of depleting them. 
  • Protecting your legacy
    By protecting your financial stability, income protection and critical illness cover can ensure that your wealth remains intact for future generations. You can pass on your assets and provide for your loved ones without worrying about unforeseen financial setbacks.

Incorporating income protection and critical illness cover into your financial planning strategy is a proactive step towards protecting your financial legacy for the future. Speak to us to secure your financial well-being for now and for generations to come.

Call Brooke Financial on 01132555762 or drop us an email on info@brookefinancial.co.uk

 

Brooke Financial is a trading name of Ideal Money Solutions Ltd. Ideal Money Solutions Ltd is an appointed representative of The Openwork Partnership which is a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority.

Approved by The Openwork Partnership on 02/10/24.

Protecting Wealth

Stamp Duty

Stamp Duty relief not extended for buyers

/0 Comments/in /by

Stamp Duty relief not extended for buyers – what you need to know before rules change

In Labour’s first Budget since taking office, the Chancellor announced her plans to fix the so-called ‘black hole’ in the UK’s public finances and increase investment in public services, setting out £40 billion worth of tax rises.

While changes to stamp duty did form part of her plans, an extension or permanent change to stamp duty relief for movers and first-time buyers was sadly not included. So, what does this mean for those looking to move or buy?

What is stamp duty?

Stamp Duty Land Tax (SDLT) is the tax you pay when you buy a property or piece of land. How much you pay depends on the value of the property, whether it is your first home or if you own any other property. It is also a devolved tax, meaning costs and bandings are slightly different in Scotland and Wales as they are able to set their own rules.

How much is stamp duty now?

Currently, if you buy a property worth less than £250,000, you do not have to pay stamp duty. This was doubled from £125,000 by Liz Truss in the mini-budget. At the same time, the threshold was also raised for first-time buyers, meaning they do not pay stamp duty on purchases of up to £425,000.

This discount is due to end on the 31st March 2025, with many hoping the Chancellor would make this permanent in the Budget, or at the very least extend the relief. This sadly was not the case and the thresholds will now revert back.

What is changing?

With the thresholds returning to £125,000 and to £300,000 for first-time buyers, stamp duty will be charged at 5% on any amount above this. If you buy a house for £250,000 for example in April 2025, you will pay stamp duty on the additional £125,000. For first-timers, it is on the amount above the £300,000 threshold.

According to research by Leeds Building Society, the move will mean that stamp duty will be paid on 93% of properties for sale in England, and will cost house buyers up to £2,500 – according to The Times.

What does this mean for buyers?

For those looking to avoid paying this extra tax, purchases need to be completed before the end of March 2025. While this date may seem far away now, it’s important to remember that transactions can take from 6 weeks to 6 months to complete.

As we have seen previously with other stamp duty deadlines, the rush of buyers all looking to complete can gum up the house buying process and place additional pressures on the wider chain and key government departments, such as HM Land Registry. For those intending to buy, the advice would be to bring forward your moving plans to avoid any delay or disappointment.

For those looking to move or buy, staying on top of changes to the likes of stamp duty is really important, especially as it could help bring down the cost of your overall move. No matter your situation, mortgage and protection advisers are best placed to help you explore the options available and answer any questions you may have about stamp duty.

To book your appointment with a mortgage adviser, please call Brooke Financial on 01132555762 or email info@brookefinancial.co.uk.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Approved by The Openwork Partnership on 31/10/24.

Stamp Duty

Stamp Duty