Best Investment Right Now
The UK has another Prime Minister, the seventh in ten years.
Andy Burnham’s government is promising major reform. While Income Tax, National Insurance and VAT are likely to remain unchanged, where will the extra money come from?
There are talks of a 10% death tax and a 2% tax on wealth, and Andy has always favoured a ‘mansion tax’.
This will affect UK-connected individuals abroad, and those with UK assets and business interests; the question is how much?
“The money’s got to come from somewhere. It’s not going to be a dynamic economy that will be formed.” – deVere CEO Nigel Green.
Nigel also voiced his opinion on Andy’s surprise choice of John Healey as the chancellor.
“Healey’s appointment is not evidence the pressure to spend has gone away. It is evidence Burnham knows the market needed reassurance while he works out how far he can push. Investors are worried about Burnham’s fiscal instincts, particularly on borrowing and spending. Healey’s track record also suggests he is unlikely to act as a brake on Burnham’s spending ambitions.”
Investors, especially those with UK assets, should be proactive and discuss the possible effect of new taxes and economic policies for their wealth with a financial adviser. Also discuss opportunities and solutions to make their financial portfolios as tax-efficient as possible.
Are CPU’s making a comeback after graphics processing units (GPUs) stole the show?
GPUs have dominated the markets over the last few years as the need for GPUs increased with the rise of AI. Intel has shown record returns for Q2 as the demand for CPUs are on the rise again. The CPU maker has shown 178% growth since the beginning of the year.
AI agents use CPUs to perform tasks like combing through databases and creating documents. With the expansion of data centres and hubs, CPUs are in demand again.
Intel reported Q2 revenue of $16.1 billion, above the expected $14.43 billion, and expects between $15.8 billion and $16.8 billion for Q3.
Intel CFO Dave Zinsner comments that AI-driven computing is increasing, along with the need for supporting equipment and infrastructure.
Please note, the above is for educational purposes only and does not constitute advice. You should always contact your adviser for a personal consultation.
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