Tariffs and markets are impacting personal finances in the UK

Global tariffs and recent stock market instability are impacting personal finances. Some investments have decreased in value. The potential for cheaper imports from various countries may lower high street prices. Those nearing retirement may see pension adjustments due to risk mitigation, impacting investment-based income. Fixed annuities are unaffected. Investors in funds like stocks and shares ISAs may experience losses. The Bank of England aims to encourage spending. Mortgage rates are falling, reflecting expectations of additional interest rate cuts beyond earlier predictions for this year.