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 IndependentThe Full Brazilian: Louis Vuitton comes to Rio, but with economic collapse and pandemics rife, is the girl from ...The IndependentLouis Vuitton have opted to stage their latest Cruise fashion show in Rio de Janeiro - a decision announced last October, before presidential impeachment, the Zika virus and a collapsing currency plunged Brazil into turmoil. It forms .... Brazilian ...and more »
Express.co.ukLoyalty to everyday services is costing you MORE - make time for money saving switchExpress.co.ukNow the Government is looking to extend seven-day switching to a host of other services, including mortgages, energy suppliers, mobile phones and broadband packages, thus boosting competition and forcing all companies to offer their customers a better ...
Daily MailOne Family's 'intergenerational mortgage' lets grandparents fund grandchildren's first homesDaily MailAnd it was also seeking to develop what he termed a 'reverse mortgage' so retirees could free up money in their homes for their own spending. ... Joe Garner, Nationwide's new chief executive, said: 'A huge proportion of the wealth of the UK is in property.
Daily MailNow it's the bank of granny and granddad! New 'intergenerational mortgage' will let grandparents borrow to fund ...Daily MailAnd it was also seeking to develop what he termed a 'reverse mortgage' so retirees could free up money in their homes for their own spending. ... Joe Garner, Nationwide's new chief executive, said: 'A huge proportion of the wealth of the UK is in property.
Mirror.co.ukThe EU Referendum Will Determine the UK's FutureTruth-OutWomen are often excluded from company pension schemes because they work part time and take breaks to have children. "EU law now ... It is a fact that EU funding has been critical in helping the UK film industry flourish: The Creative Europe program ...G7 leaders say Brexit would be a 'serious risk to global growth' and a threat to trade, investment and jobsThis is MoneyWould a Brexit make you richer or poorer?Interactive Investorall 533 news articles »
Have you met...
Latest Members:


midomidi2013


asmaasaad


shazly


ser1es


Tania Bae


peuores


DeanWatriama

 

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