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Hi everyone! We’re back with a bumper summer edition of everybody’s favourite financial planning newsletter. Go on, admit it, you’ve missed us…

In this issue, we’ll bring you all the latest on the state of the UK economy and what the current cost-of-living situation means for businesses, homeowners, and investors like you. Whilst we can’t promise that this will be the most uplifting newsletter we’ve ever put together, we hope you’ll find it interesting and benefit from some useful take-home messages.

On that note, here’s a quick word from our director, Liam. Enjoy.


A message from our Director…

“Hi everyone! Welcome to our summer newsletter!

I’ve just returned from taking my son fishing for the first time. And, having not picked up a rod myself for a few decades it reminded me why I used to give it a go when I was a kid! It’s fun, it’s competitive, it requires (a lot of) patience, a bit of skill, and it really connects you with the natural world around you for a few hours.

The weather was ‘all four seasons in a day’ sort of stuff. The lakeside was bursting with the noises and smells of nature. What’s more, I had absolutely no phone reception… blissful does not begin to describe it well enough!

The other thing that struck me was that this was a simple, cheap, and accessible thing to do. When it comes to value for money, it cost me the equivalent of a few pints of beer to spend some real, high-quality time with my son, making some truly lasting memories.

I didn’t think about money, or stock markets, or politics, or mortgage rates at all during that time either. And, let’s face it, that’s been pretty difficult to do recently. It feels like every time I’ve looked at my phone or the TV it’s full of bad news.

Of course, the ongoing news regarding inflation and geopolitics cannot be completely ignored.

It seems as though we’re undergoing something of an economic & political pivot right now. However, the one thing none of us can do is predict the future with any certainty.

So, we should instead all focus on controlling what we can influence and try not to worry too much about what we cannot. As most of you will know, that sits right at the heart of our own investment philosophy. We can usually control our own reactions and emotions. We can practice patience and discipline and keep costs to a minimum. Those are the things that will pave the way to long-term success with our financial plans.

So, keep that in mind as you enjoy the rest of your summer. As ever, please do get in touch anytime you need to talk.

Take care,



In the news this month…

Following on from Liam’s sentiment, there’s only really one place to begin this update and that’s with the country’s current economic situation and the disruption that the rising cost of living is causing for people, businesses, markets, and investors.

Inflation is at a 40-year high and has now climbed beyond 10%. In the 12 months to July, it hit 10.1% – that’s 0.7% higher than just a month earlier.

Prices for energy, fuel, food and drink are continuing to increase faster than wages and the Bank of England is strongly suggesting that the situation will get worse before it gets better. A 13.3% peak has been predicted.

Looking beyond the strain that the cost of living is inevitably having on families and workers across the country, we wanted to assess the current situation’s impact on businesses and financial markets as we, in all likelihood, head towards a recession.

According to a poll from the Institute of Directors – and published in The Guardian – almost 70% of bosses are ‘pessimistic’ about the state of the UK economy with many taking measures to cut investment as a result. Rising prices, the Brexit transition, and political upheaval are amongst the main reasons cited for the glumness amongst business leaders.

Unfortunately, their outlook is shared by consumers too. ‘Growth from Knowledge’s’ Consumer Confidence Barometer has surveyed the British public on their opinion of the economy since the early 1970s. This month it reached a record low. That trend was reflected in figures released by the ONS too, with retail sales volumes falling by 1.2% in Q2.

Financial markets are no different either. Research from digital asset manager Collidr revealed that a ‘record £300bn’ had been ‘wiped off the value of UK corporate bonds and gilts’ amidst an exodus of investors this calendar year. It’s culminated in what a report by City A.M. called ‘the biggest collapse in two decades’.

So, after the post-Covid boom, what impact is all this having on the UK’s mortgage market? As a result of soaring costs, the Bank of England has continued its lifting of the base interest rate. Having stood at a record low of 0.1% last December, it’s now at 1.75% – and rising. This handy article from This is Money assesses what a base rate of 3%, 5%, and 7% would mean for buyers and homeowners in the years ahead.

Meanwhile, a brand new banking enterprise has secured a licence to offer 50-year fixed-rate mortgages! Perenna will initially offer 30-year fixed-rate terms at up to 95% LTV but they have concrete plans to introduce longer-term mortgages – up to half a century! Their Founder and Chief Executive, Arjen Verbeek, says that ‘stretching loans out over a longer period of time can reduce monthly payments and improve affordability’. However, critics point out that this will also significantly increase the total amount paid in interest. One to watch closely in the months and years to come.

As many of you will be able to attest, getting a mortgage is a milestone moment in your life. Frustratingly for many contractors, though, finding the right deal can prove complicated. It helps, therefore, to draw on the advice and expertise of an experienced, independent mortgage broker.

In our free guide, we’ve cleared up the confusion around complex contractor mortgages, considered the advantages of seeking professional advice, and taken a look at some of the key questions you should be asking your mortgage broker. Check it out, here.

Remember, your home may be repossessed if you do not keep up repayments on your mortgage or other debts secured against it.


This month’s featured article…

With a constant stream of new information, and with figures changing all the time, it’s becoming increasingly difficult to keep up with the cost of living and how to forecast and budget your personal finances accordingly.

The new ‘personal inflation calculator’ from the BBC & the Office for National Statistics will give you a much better idea of what the inflation rate is in relation to you and your household expenditure. It also identifies which elements of your budget have increased the most over the last 12 months. Take a look below, we hope you find it useful.

BBC: ‘UK inflation rate calculator: How much are prices rising for you?


On a lighter note…

This newsletter has been a little deeper than normal and we’ve covered some fairly meaty topics. It is important that we discuss these issues though. After all, it’s serious stuff. After what’s been a sensitive couple of years for investors, savers, pensioners, and homeowners, sound financial planning has never been more important or more necessary. To round off this issue then, let’s take a look at what options are available to decision-makers moving forward.

In this article from Positive News, four of the country’s leading economists discuss the current situation; assess the proposals that have been made by politicians to ease the crisis; and offer their suggestions to relieve the pressure on businesses and households this winter.

Positive News: ‘How to tackle the UK cost of living crisis


Your capital is at risk. The value of your investment (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.

The content of this newsletter is for your general information purposes only and does not constitute advice. It is not an offer to purchase or sell any particular asset and it does not contain all of the information which an investor may require in order to make an investment decision. Please obtain professional advice before entering into any new arrangement. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles.

Blog written by
Sam Wright
Marketing Manager at The Danbro Group

Sam Wright is Danbro’s Marketing Manager. He produces regular content and feature articles on our digital and non-digital channels – and social platforms – for the Danbro Group and its subsidiaries, as well as having responsibility for the Company’s internal and external communications.

His background is in Journalism and Creative Writing, having previously contributed to publications such as The Daily Post, The Lancashire Evening Post, and The Blackpool Gazette.

He is a keen swimmer and avid Manchester United fan (but don’t hold that against him), and he lives in Lancashire with his wife, Sarah.


Important Information

The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.

The Financial Conduct Authority does not regulate tax advice.

Danbro Financial Planning Limited is an appointed representative of the Sense Network Limited, which is authorised and regulated by the Financial Conduct Authority. Danbro Financial Planning Limited is entered on the FS Register ( under reference 796167. The information contained within this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit

Company number 11009261 registered in England. Danbro Financial Planning Limited Registered office address: Jubilee House, East Beach, Lytham St. Annes, United Kingdom, FY8 5FT.