Budget on 30 October 2024
As we approach the new government’s first budget on 30th of October it is natural to feel a mix of curiosity and concern about what changes might be on the horizon. There has also been significant speculation in the media, we felt it was important to reach out to our clients to provide an insight on how we deal with this uncertainty.
As the economic landscape is constantly evolving, such moments can stir up questions about how new policies might impact your financial well-being.
At Thorntons Wealth, our primary goal is to ensure you feel confident and secure in your financial journey, regardless of external developments. So, let us take a moment to address why there is no need to be anxious about the forthcoming budget.
1. We are Prepared for Any Outcome
Our financial planning team and our investment teams continuously monitors economic trends and potential policy changes, and these are considered in our ongoing investment strategy. Whether the budget brings new tax policies, shifts in spending, or other modifications, rest assured that we are ready to adapt your plan to keep you on track toward your goals.
2. Long-Term Goals Remain the Focus
Short-term fluctuations and changes are part of the financial landscape, but our commitment to your long-term objectives remains unwavering. We design strategies that are robust enough to withstand temporary economic shifts. The principles we follow are grounded in long-term stability and growth, not quick fixes, or reactions to immediate news. Remember, sound financial planning is a marathon, not a sprint.
3. Historical Perspective
Budget announcements can create waves in the short term, but history shows that markets and economies tend to adjust and stabilise over time. If we look back at past budgets, we often find that while certain sectors or asset classes may experience volatility, broader economic trends tend to balance out. Our approach integrates this historical perspective, ensuring that we are not swayed by momentary fluctuations.
4. We are Here to Guide You
Our role is not just to navigate financial markets but also to provide peace of mind. If you have any concerns or questions about how the budget might affect your personal financial situation, please reach out to us. We are always available to discuss how any potential changes might impact your strategy and what steps we can take together to address them.
5. Proactive Communication
We believe in keeping you informed and involved in your financial decisions. Following the budget announcement, we will proactively deal with any changes required and how they could influence your financial plan. Our proactive communication ensures that you’re never left in the dark and can make informed decisions with confidence.
In Summary
While budget announcements are significant, they are just one piece of the larger financial puzzle. With our expert guidance and a well-constructed strategy, you can feel assured that you are well-prepared for whatever changes may come. Focus on your long-term goals and let us handle the intricacies of adapting to new developments.
Thank you for your trust and partnership. As always, we are here to support you through every twist and turn in your financial journey.
This information has been prepared using all reasonable care. It is not guaranteed as to its accuracy, and it is published solely for information purposes. Our opinions are subject to change without notice and we are not under any obligation to update or keep this information current. It is not to be construed as a solicitation and does not in any way constitute advice. This article does not in an way constitute investment or tax advise Any information concerning the tax treatment of an investment is based on our understanding of current HMRC rules which may be subject to future change. Tax advice is not regulated by the Financial Conduct Authority.