• Homeowners who lose their jobs will be given an additional six months of mortgage payments to cover costs while they seek employment.
  •  Statutory redundancy pay will increase from £350 to £380 a week.


  •  Stamp duty holiday on properties worth £175,000 or less will be extended until the end of the year
  •  Pledge to begin a scheme to guarantee securities backed by mortgages to help increase flow of money in housing market
  •  Government will make a further £80 million available for HomeBuy Direct – its shared equity mortgage scheme
  •  Darling announces £500 million pledge to kick-start housing
  •  A further £100 million will be made available for local authorities to build energy efficient houses
  •  Government will bring forward investment of £50 million for the modernisation of homes for the armed forces


  •  From April 2011, pension tax relief for people earning over £150,000 will be restricted to ensure it is tapered to the same 20% the majority of other people receive
  •  Tax rate for people earning over £150,000 a year will rise from 40% to 50%. It will be introduced by next April

 Family Finances & Pensions

  •  Child tax credit will increase by £20
  •  Children with disabilities will get an extra £100 in their Child Trust Fund and children with severe disabilities will receive an extra £200
  •  Pensions will rise by 2.5%, even if the RPI measure of inflation continues to fall to below zero, as expected by September.
  •  Pensioners of working age who look after grandchildren will gain in their basic state pension
  •  Winter Fuel Allowance for pensioners will be extended for another year and increased to £250 for the over 60s and £400 for the over 80s
  •  Capital exemption on pension credit has been increased, raising the ceiling from £6,000 to £10,000 from November this year
  •  Annual limit on ISAs will be increased to £10,200, of which £5,100 can be saved in cash


  •  Loss-making companies can reclaim taxes made on profits in last three years. This will be available until November 2010 and lead to average repayments of £4,000.
  •  Will introduce a top-up trade credit insurance scheme for businesses who see insurers reducing their cover
  •  A new Strategic Investment Fund containing £750 million worth of new investment will be set up to help fast-growing and innovative industries
  •  Business capital allowance rate will increase to 40% to encourage companies to bring forward investment. Businesses currently have an investment allowance of £50,000
  •  Further investment to be made available for digital investment to extend the British broadband network


  •  UK economy is expected to shrink by 3.5% in 2009
  •  GDP will grow by 1.2% in 2010, 3.5% in 2011 and 2.75% thereafter
  •  CPI measure of inflation is expected to fall to 1% by the end of the year.
  •  The Bank of England’s target for inflation will remain at 2%.
  •  RPI measure of inflation is expected to fall to -3% by September before moving back to zero by the end of the year.

Stiles & Company Financial Services (Petersfield) Limited is a firm of Independent Financial Advisors dedicated to providing a highly professional service to our clients, spread predominately across Hampshire, Sussex & Surrey.

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