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Insight Financial Associates

Stock Market

Elon Musk becomes the first trillionaire – will that make him the richest person in history?

In June 2026, Elon Musk made headlines around the world by becoming the first person in history to reach a net worth of $1 trillion, following the record-breaking stock market debut of SpaceX, with CNBC estimating his net worth at around $1.05 trillion. A historic milestone – the world’s first trillionaire Elon Musk’s trillionaire status …

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The importance of financial planning for self employed people

The importance of financial planning for self-employed people

Protecting your income and planning for retirement Unlike employees, self-employed workers don’t have employer benefits such as sick pay, workplace pensions, or death-in-service cover. That’s why financial planning is not just important, it’s essential. The growing self-employed workforce Self-employment plays a major role in the UK economy. Recent data (2025) shows: Around 4.38 million people …

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Spring Statement 2025

Spring Statement 2025

This Spring Statement was always intended to be a fiscal non-event. Chancellor Rachel Reeves had promised that there would only be one major economic event each year and last October’s controversial budget was most definitely intended to be it. Speculation has been rising that this Spring Statement might break that promise, and bring some surprises …

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Autumn Statement Highlights - 30th October 2024

Autumn Statement Highlights – 30th October 2024

In an extensive address marking Labour’s return after nearly 15 years, Chancellor Rachel Reeves delivered the Autumn Statement on 30th October 2024. Below, we provide a summary of the key changes relevant to the financial planning sector. For a detailed breakdown of tax rates and allowances for 2025/26, visit www.gov.uk Taxation and Non-Domicile Regulations Starting …

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What is GDP and How is it Calculated?

What is GDP and How is it Calculated?

Gross Domestic Product (GDP) is a key economic indicator that measures the total monetary value of all goods and services produced within a country’s borders over a specific period, typically a quarter or a year. Every government in every country wants to drive growth in GDP, as it generates greater revenue for public spending without …

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