Financial Update – October 2021

Welcome to your monthly newsletter.

October begins with fuel dominating the headlines, or rather, a lack of it. With an estimated shortage of 100,000 HGV drivers, petrol isn’t the first industry to be hit, with supermarkets and fast-food chains already having felt the impact. Thankfully, oil companies have been quick to inform the public that there is plenty of fuel available, so as the logistics come under control, we hope to see full petrol tanks up and down the country in a sustainable manner.

It isn’t the first time that vehicles have made the headlines in October. Way back in 1908, October saw the first Ford Model T go on sale. Designed to be simple to operate, affordable and durable it’s described as the car that “put the world on wheels”. Continuing the theme of engineering marvels, October of 1846 also saw the birth of inventor George Westinghouse. While it may not be as much of a household name as Henry Ford, Westinghouse was responsible for developing air brakes for trains and the adoption of alternating current (AC) for electric power transmission in America. Interestingly, he was also the first employer to offer their employees paid holiday. That’s something we can all be grateful for!

As always, if you have any concerns or questions we’re here and happy to help, so don’t hesitate to get in touch with one of our team.