From 6 April the Lifetime Isa will become available for UK savers. Savers under-40s can contribute up to £4,000 per year and receive a 25 per cent bonus from the Government. Funds can be used to buy a first home at any time after a year from opening the account and can be withdrawn from age 60.
Fund Strategy looks at some key events shaping the week and what to expect.
Monday 3 April
- EU Unemployment, February – Eurostat
- Purchasing managers indexes for manufacturing, March – euro area, US, China, Asia, and across the world from Markit, ISM, Caixin and others
The Share Centre investment research analyst Graham Spooner says: “Last month the PMI tracking UK manufacturing fell slightly from 55.7 to 54.6, pointing to solid growth, but to input price inflation close to a series record. The PMI tracking construction rose modestly from 52.2 in January to 52.6, but cost pressures are hovering around an eight year high, and the PMI tracking services fell from 54.5 to 53.3.
“Together the three indexes point to quarterly growth of around 0.4 per cent, but they suggest that the UK is growing slightly less quickly than the euro area. The PMIs have been suggesting that UK economic growth has slowed since 2016, did this trend continue into March?”
Tuesday 4 April
- Record of the Financial Policy Committee Minutes held on 22 March 2017 – Bank of England
Wednesday 5 April
- Federal Open Market Committee Minutes, meeting of 14-15 March – Federal Reserve
- UK productivity, October to November – Office for National Statistics
- Purchasing managers index tracking services/non-manufacturing tracking various regions worldwide
Thursday 6 April
- UK economic review, April 2017 – Office for National Statistics
Lifetime ISA available
- UK Personal Allowance for income rises to £11,500
Friday 7 April
- UK trade, February – Office for National Statistics
- UK index of production, February – Office for National Statistics
- Construction output in Great Britain, February – Office for National Statistics