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 WiltshireTeacher's sadness after adminstrators called in to schoolThis Is WiltshireA TEACHER has spoken of her sadness at the closure of the school where she worked after administrators were called in. Administrators were called in to Ferndale House Preparatory School in Faringdon, Oxfordshire, on July 22, she said. Staff, many of ...and more »
The RegisterUK's 'Sir King Cash' card fraudster ordered to cough up £560000The RegisterIn total, it is estimated Benson went through more than 2,000 stolen credit cards. After running the scheme over the course of a year, both Benson and his partner were subsequently caught and convicted of fraud and money laundering in July of 2015.
Telegraph.co.ukMy pension dilemma: £40,000 a year for life – or £1.3m now?Telegraph.co.ukSky-high payouts and a growing desire to avoid inheritance tax are just two of the factors driving a surge in the number of retirees willing to swap their “and more »
Telegraph.co.ukMy pension dilemma: £40000 a year for life – or £1.3m now?Telegraph.co.ukMr Major is one of an increasing number being offered a transfer value for their final salary pension high enough that they can invest the money within a self-invested personal pension and then enjoy dividends and bond interest that matches the income ...and more »
Telegraph.co.ukThe outdated pensions that force investors to pay 75pc moreTelegraph.co.ukMillions of pension savers are being deprived of good-quality fund management by restrictive practices and punitive charges that could cut the return on a £and more »
Have you met...
Latest Members:


hamadahamo


alsabaak


NO


qasrksa


marwasaf


lolo


danny

 

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