Tax Changes, Population Increases and paying into pensions

General Economic Overview The summer months passed without any major events for markets, with perhaps one of the standout features being the strength of the euro versus the US dollar. The long bull market, which started in 2009 following the nancial crisis, has continued – one of the remarkable things about this economic recovery is the lack of inflationary pressure both in goods and in wages, which has meant that markets have remained quite sanguine despite some souring of p