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
This is MoneyMARKET REPORT: Britain's new takeaway giant Just Eat shines on Super Thursday results floodThis is MoneyLoans provider International Personal Finance flopped as it revealed pre-tax profit plummeted 22 per cent to £30.7million in the first half of the year. IPF provides credit to people borrowing small sums, mainly in Europe. Its agents visit customers in ...
ReutersBrexit shockwaves hit British jobs, banks, automobilesReuters4, when many economists believe it will cut interest rates and might start buying bonds again to pump money into the financial system. "The public are still absorbing ... "Following the EU referendum the outlook for the UK economy is uncertain and ...and more »
This is MoneyI saw £30k knocked off the value of my house after Brexit and now I'm stuck paying a higher mortgage rateThis is MoneyMy partner and I are remortgaging at the moment and since putting in our application before the European referendum, we've been told the value of our house has dropped. Instead of qualifying for a 70 per cent loan-to-value mortgage rate at 1.49 per ...House prices hit record high - but experts warn that could all be about to changeMirror.co.ukBrexit to Weaken U.K. Housing in Near-Term, Nationwide SaysBloombergHouse prices edge up but impact of Brexit remains uncertainWhat Mortgageall 47 news articles »
Reuters UKLloyds to cut 3000 jobs, close more branches after Brexit shockReuters UKThe bank also said Britain's financial watchdog had opened an investigation into how it treated customers who had difficulty repaying their mortgages and said it had set aside 350 million pounds for compensation. Chief Financial Officer George Culmer ...Why I'm not following director buying at Lloyds Banking Group and Vodafone Group plcAOL Money UKall 172 news articles »
The GuardianCountrywide warns on earnings as London property market stallsThe GuardianJane Tully, of the Money Advice Trust, the charity that runs National Debtline, said: “Private renters across the UK are under significant pressure, and across England in particular, the rises just keep on coming. This additional pressure on private ...Countrywide profits hit by Brexit uncertaintyFT Adviserall 17 news articles »
Have you met...
Latest Members:


alsabaak


NO


qasrksa


marwasaf


lolo


danny


midomidi2013

 

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