US Stock Market at Record High

The Dow Jones Industrial Index went through the 19,000 barrier for the first time in history, which has been on a bull run since Donald Trump won the US election. The S&P500 has risen above 2,200 since the election.

The markets suggests a wave of optimism in the US as Donald Trump has indicated that he will spend over $1 Trillion on new infrastructure spending. The UK is also expected to pump $1 billion into UK infrastructure including modernisation of the Broadband speeds throughout the country.

The implications of all this spending is great news for UK contractors. The market is buoyant, particularly in the IT contract market. If you are due an extension, you should review your rates. We look forward to a great year ahead.

Belsize Accountancy are specialist accountants for UK Limited Company Contractors. If you are thinking to move into contracting, or require assistance with your tax returns please feel free to contact us at info@Belsizeaccountancy.co.uk.