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In our May Economic Review:* The annual rate of UK inflation fell more sharply than expected, down to 2.8% in the year to April* UK’s economy grew by 0.3% in March, defying expectations of a contraction linked to global conflict* According to ONS, the unemployment rate increased slightly to 5.0% in the three months to March Download you free copy here 👇
Many wealthy individuals hesitate to discuss financial planning due to fears of family disagreements, with 10% avoiding the topic altogether and 27% finding it uncomfortable6. However, this reluctance to have a discussion could lead to future misunderstandings, as family members may have unrealistic expectations about their inheritance. Only 12% of wealthy individuals said they regularly discuss financial plans with their family and 23% want to but struggle to start the conversation. Generational differences add to the tension Nearly half of those under 35 said they expect to receive an inheritance, while 10% of those over 50 worry their family will be disappointed by their actual plans. Older generations are also
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