Covid-19 Coronavirus update
3rd March 2020
With the spread of the Covid-19 Coronavirus to Italy and then further into Europe, stockmarkets had their worst week for many years at the end of February. By comparison gilts rallied strongly as investors sought safe havens. Volatility is to be expected as part of investing, but we know that it makes most clients feel uneasy. Do you need to take any action - probably not, although do get in touch if you have any questions. Our monthly investment commentary here gives further explanation about who might need to take action.
Meanwhile, we issued a Covid-19 Coronavirus protocol for our colleagues and have a framework if there is the need for self-isolation or if the office needs to shut as a result of infection, in order to maintain some service in this eventuality.
Regardless, next week's Budget may offer some changes to which we shall need to adapt, and the end of the tax-year is only 23 working days away at the time of writing!