Equilibrium 1997 - Equilibrium

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    Equilibrium 1997

    With the client bank growing the business employed its first staff member to be able to effectively deliver excellent customer service.

    A big focus for the firm across the year was to begin thinking about its marketing and growth strategy. A new events calendar was launched and the first seminar for clients and prospective clients was presented at Adlington Hall.

    Key EQ milestones

    • Applewood employs its first staff member
    • First seminar presented – ‘Live Well & Leave a Legacy’




    What else happened in this year?

    In finance…

    Annual UK Inflation: 3.1% CPI

    Bank base rate:

    • 6 May 6.2500 %
    • 6 November 7.2500 %

    IHT threshold: £215,000

    In the charts…

    Elton John re-recorded his 1973 “Candle in the Wind” as a tribute single to the late Diana, Princess of Wales, becoming the best-selling single of all time selling 4,770,000 copies.

    On the screen…

    James Cameron’s Titanic is released, achieving critical and commercial success – grossing $1,843,201,268 worldwide and winning 11 Academy Awards to tie Ben Hur (1959) for the most Oscars won by a single film in history.

    Around the world…

    • 3 May – Katrina and the Waves win the Eurovision Song Contest with the song Love Shine a Light, the first time the UK has won the competition since 1981
    • 1 July – The UK transfers sovereignty of Hong Kong, the largest remaining British colony, to the People’s Republic of China
    • 31 August – Diana Princess of Wales was killed in a car crash in Paris

    In the UK…

    • 1 May – Tony Blair becomes Prime Minister of Great Britain in a landslide election victory ending 18 years of Conservative rule
    • 30 June – Publication of J. K. Rowling’s first Harry Potter novel, Harry Potter and the Philosopher’s Stone
    • 4 November – BBC News launches a full-time online news service

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