A recession has hit the UK for the first time in 11 years due to the coronavirus pandemic – but what is a recession? And what does a recession mean for the UK? At Continuum we are looking at the answers – and at whether you need to look at your own financial arrangements.
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A recession has hit the UK for the first time in 11 years due to the coronavirus pandemic – but what is a recession? And what does a recession mean for the UK? At Continuum we are looking at the answers – and at whether you need to look at your own financial arrangements.
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The announcement on Wednesday that the UK economy is now officially in recession has come as no surprise, with the news in the first half of 2020 dominated naturally enough by Covid. The financial news has been mainly centred around its effects, from the dramatic collapse – and equally dramatic recovery – of the market – to Chancellor Sunak’s exciting minibudget designed to get the economy rolling again.
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The way that banks charge for overdraft use is changing, with this potentially impacting those who use this facility. At Continuum we like to take a long term view, and not only will we help you make sure your short term finances are in order, but help you find better solutions for the long term.
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At Continuum, we believe that financial planning must include planning what will happen to your wealth after you have no longer any use for it.
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