The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
The Times (subscription)Despite my gold I'm in last place for a mortgageThe Times (subscription)The rowing champion Will Satch might have won gold at the Olympic Games in Rio de Janeiro but he cannot get a mortgage to buy his first home. Despite bringing home seven medals for Britain over five years, the 27-year-old has been forced to rely on his ...
This is MoneyPhilip Green in new clash as BHS pension row deepens: Deal hopes fading - now regulator and tycoon could end up in ...This is MoneyHopes of a solution to the BHS pension crisis before Christmas were fading last night as Philip Green's advisers and pension regulators clashed over the state of negotiations. As the stores group was finally placed into liquidation on Friday and a ...
This is MoneySTOP THE SCAMMERS: Explosion in fraud costing us £11 BILLION a year – so fight back and join our campaignThis is MoneyConsider contacting a professional financial adviser with pension experience. Find one through unbiased.co.uk, vouchedfor.co.uk or thepfs.org. The Personal Finance Society has launched a campaign involving its 36,000 members taking a leading role in ...and more »
Daily MailPoliceman father of girl selling her virginity to pay his mortgage is 'disgusted'Daily MailThe interview is thought to have been arranged by an escort agency that is handling the sale of her body and will take a cut of the money. It was left to Toni's younger brother Radu to break the news to her parents about her controversial plan. After ...and more »
Telegraph.co.uk'Government's latest pension crackdown will force me back to work'Telegraph.co.ukThe latest cut to the pension annual allowance, announced last week, was sold by the Chancellor as a crackdown on “inappropriate” use of government top-ups. Once savers have begun to draw an income from their pot – an option open to anyone over the ...
Have you met...
Latest Members:


BrynjarEindride


shilladresses


jadegown


ahmed aboshady


StellaHawes


walis monaim


Tisa smith

 

Budget Reflections

This Budget felt very different.

Usually we spend the speech neither listening to what the government is saying
nor to the doom laden responses of the loyal opposition, but next day we rush to the
papers to look at the tables of comparison that tell us how much
better or worse off we might be if we are pensioners, borrowers, savers, parents, 

smoke, drink or drive a car.  All the technical stuff about government borrowing and national indebtedness, pass
us by, as most of us  live in the present rather than the longer term .

I asked a friend how he felt after Wednesday's Budget. His answer:  ' Oh a bit
better off, because I can save more in ISAs' .  He also liked the extension
of the stamp duty exemption on properties at the lower end of the market as youngsters
in  his family are trying to get on the housing ladder.  So he was
responding as you would expect, but then he said 'But I'm really concerned
about all this government borrowing because the payback, when it comes,

will affect everyone in my family, and their friends, as well as me, for
years and years to come.'

I wonder how many of us feel the same.  This Budget is like an iceberg
with a red flag on top. The red flag, taxing the rich at 50%, was a
distraction; the immediate changes to savings and house purchase and the
like, are the 10% of the iceberg above the water clear for all to see. But when you look at
the great mass, the 90% that's below the water line things really do
look very worrying  and the water looks very murky.

Buried deep, down there in all the detail, along with the
devil, comes something I spotted which will affect a lot of people in my part of the
country in East Anglia: the decision to scrap tax breaks and
concessions, that were introduced to encourage investment in self catering
holiday cottages and boost the tourism industry, after April 2011. Many
people will sell up and tourism, a cornerstone of many local economies and the UK economy,
will suffer at a time when it was thought that the the home grown holiday
trade would benefit as people stayed in the UK. Just one tiny detail from the depts.

So what else is lurking there as yet unnoticed by the majority of people, I wonder.

My friend's last comment was also pointed : ' Who on earth would be mad
enough to get themselves elected, when they have to sort all this lot out?
Who indeed!!'


Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks