(4/5) In total, 33 enemy ships were lost. No British ships were sunk, but 430 British sailors were killed, along with 4,408 French and Spanish sailors. The crushing victory ensured Britain would enjoy mastery of the seas for the next hundred years.
(3/5) On 21 October, British admiral Horatio Nelson attacked. Defying convention, he split his fleet into two columns to break through the enemy line and sow confusion. But victory came at a cost, and Nelson was mortally wounded by a French musketeer’s bullet.
(2/5) Napoleon had conquered much of Europe and planned to invade Britain, but the British blockade thwarted his ambitions. He eventually turned east, ordering the joint French and Spanish fleet to leave Cadiz for Naples.
Frozen income tax thresholds mean Brits are paying more in tax as their earnings increase. We look at how you can mitigate the effect of fiscal drag moneyweek.com/personal-finan…
(1/4) Can the commodities ‘supercycle’ protect your portfolio?
Evy Hambro, co-manager of the @blackrock World Mining Fund, explores how real assets like gold can protect your wealth.
🎙️ Watch or listen now on MoneyWeek Talks
@BlackRock_UK#investing#gold#commodities
We are on the verge of a new commodity supercycle and the asset class is an essential diversifier, Evy Hambro, co-manager, BlackRock World Mining Fund, says. moneyweek.com/investments/co…
(5/5) 4. Why does the Budget often happen on a Wednesday?
The Budget is often delivered after Prime Minister’s Questions on a Wednesday, although it can take place on another day.
How many of these traditions did you know about?
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(4/5) 3. The iconic red box
The famous red box was used by more than 50 Chancellors over 150+ years before being retired in 2010. Today, the chancellor's appearance outside 11 Downing Street with the box is a recognisable image from the fiscal event.
(3/5) 2. Budget speeches can be lengthy affairs
William Ewart Gladstone holds the record for the longest continuous Budget speech, speaking for around four hours and 45 minutes on 18 April 1853.
(2/5) 1. The chancellor can drink alcohol during the Budget speech
Past chancellors have opted for whisky (Kenneth Clarke), spritzer (Nigel Lawson), gin and tonic (Geoffrey Howe), brandy and water (Benjamin Disraeli) and sherry and beaten egg (William Ewart Gladstone).
(1/5) 💷 Four Budget traditions you might not know about
From the Chancellor’s iconic red box to a rather unusual parliamentary drinking privilege, Budget day is full of quirks that have stood the test of time.
Here are four traditions to look out for on 28 October 🧵👇
The state pension forms the bedrock of retirement finances for many, but not everyone is receiving the maximum amount. Can you top up? moneyweek.com/personal-finan…