The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
“Managing money during the festive season can be challenging, but careful planning could make it possible to enjoy the holidays without getting into debt.” says Jonathan Watts Lay, Director, WEALTH at work, a leading financial wellbeing and retirement specialist.
According to WEALTH at work’s research of over 2,000 workers, the biggest financial concerns for the year include not having enough savings for unexpected costs (40%), not being able to save enough for the future (38%), not being able to pay basic living costs such as rent, mortgage payments, energy bills, food etc. (34%) and being in debt (29%).
China’s retail sales data for November painted a mixed picture on Monday, with growth coming in below expectations at 3% compared to the same period a year ago.
In the UK, businesses scaled back their hiring plans last month, reflecting the cautious approach adopted by employers ahead of the Labour government’s autumn budget announcement.