August 2013 news update

Glamorgan 1:1 clients are amongst the first in the UK to have access to a new protected fund launched by Goldman Sachs (one of the largest investment banks in the USA).

There is also good news in that the UK housing market appears to be improving with a little help from the government. The UK economy is also growing while inflation remains low.

The new Governor of the Bank of England suggests that interest rates are unlikely to rise for a further three years: If so then the chancellor, Mr Osborne, will be happy – not such good news for savers and young people hoping to get on the property ladder though.

The stock market has responded positively to this encouraging news.

Martin