Topics include renewed pressure on the Hormuz ceasefire, the market impact of Brent crude stabilising near $70 per barrel, Andy Burnham’s emerging economic vision in the UK, potential changes to Capital Gains Tax and Inheritance Tax, and the growing concentration of US equity markets around AI-related earnings growth.

We also explore key considerations for internationally mobile families, including US-connected person status, platform restrictions, PFIC reporting risks, Cyprus non-dom rules, and France’s Impatriate Tax Regime.

For expatriates and cross-border investors, the message is clear: planning must be personal, jurisdiction-specific, and kept under regular review.

To discuss how these developments may affect your own position, book a complimentary appointment with a Chase Buchanan adviser today.

The episode covers the orderly UK leadership transition following Sir Keir Starmer’s resignation, the market impact of easing geopolitical tensions and lower energy prices, and the continued volatility following the historic SpaceX IPO.

We also look at several important planning issues for internationally mobile families, including UK pension changes for British expatriates in the United States, the approaching year-11 challenge for Portugal’s Non-Habitual Resident regime, and Malta’s increasingly attractive tax framework for retirees and globally mobile professionals.

The key message this week is simple: for expatriates, successful wealth management is not about reacting to every headline, but about understanding the direction of travel and planning before deadlines force decisions.

The AI rally has entered a new phase, driven not just by hype, but by the physical infrastructure race behind data centres, GPUs, CPUs and Agentic AI. At the same time, renewed geopolitical tension has pushed Brent Crude above 94 dollars a barrel, adding fresh inflation pressure for households and globally mobile families.

We also look at the widening split between the European Central Bank, the Bank of England and the US Federal Reserve, and what this could mean for Sterling, the Euro and expatriates drawing income in one currency while spending in another.

Finally, we cover important cross-border planning developments, including changes to UK State Pension top-ups from abroad, the residence-based UK Inheritance Tax framework, Italy’s higher flat-tax regime, Spain’s regional inheritance tax changes, France’s wealth tax enforcement, and Portugal’s post-NHR landscape.

For globally mobile families, the message is clear: passive management is becoming increasingly risky. Currency exposure, asset concentration and local tax residency now need active, joined-up review.