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 MoneyWhat is 'contracting out' and why have savers ended up with less state pension years later?This is MoneyLooking at those old reports, GAD was underestimating investment returns from when you put in your money up to pension age, but overestimating the yield from UK Government bonds, known as gilts, which has been hit by quantitative easing since the ...and more »
Mirror.co.ukHalf of Brits don't understand how credit cards work - despite carrying over £1.5trillion on plasticMirror.co.ukBut worryingly, over two thirds of credit card holders say they don't know how their cards work - with thousands unaware of their monthly spending and 10% oblivious to how much interest they're paying, despite living the red, according to MoneySupermarket.and more »
Huffington Post UKWhy I Gave Up My Debit Card And Haven't Looked BackHuffington Post UKOscar Williams Technology reporter, The Huffington Post UK. Monzo. Nearly a year ago, the FT ran a feature about the financial woes of the millennial generation. It was pushed out to Twitter in a now infamous tweet: “OMG! 25-year-olds should be saving ...
AOL Money UKSix million have been victims of financial fraudAOL Money UKCheck credit card and bank statements on a regular basis and look out for unusual or unauthorised transactions. Contact your provider immediately if you suspect fraud. It's also important to make a note of when you should be receiving a new payment card.Nearly six million Brits have been a victim of financial fraudThe Money Pagesall 2 news articles »
The SunMartin Lewis warns you could be losing out on £800 a year by turning down a pay rise without realising itThe SunA percentage of your pay packet is deducted every month and put towards your own personal private pension, and your employer must also put a percentage of money into your pension – on top of your salary. By not opting into the pension scheme, you're ...
Have you met...
Latest Members:


ledonegm


jordanss123


nona


BrynjarEindride


shilladresses


jadegown


ahmed aboshady

 

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